High policy rate continues shrinking business

Islamabad: The State Bank of Pakistan (SBP) has made significant hikes in the policy interest rate due to which business activities are shrinking and if this situation continues, our economy will weaken more in the coming days a...

WB pledges $40bn to Pakistan under 10-year framework

ISLAMABAD: The World Bank (WB) has pledged to provide $40 billion to Pakistan under the 10-year Country Partnership Framework (CPF), according to sources in the Ministry of Economic Affairs. Out of the total $40 billion, $20 ...

15-Jan-2025 Read More

FY2024: Salaried class contributes Rs368bn to become third-largest taxpayer

ISLAMABAD: Pakistan’s salaried class contribution in revenue generation has gone up by 39.3 percent in the fiscal year 2024 as the Federal Board of Revenue (FBR) fetched Rs368 billion against a collection of Rs264 billion in F...

15-Jan-2025 Read More

Out of 260,000 manufacturers, only 42,000 registered with FBR

ISLAMABAD: Under the National Transformation Plan approved by Prime Minister Shehbaz Sharif, the Federal Board of Revenue (FBR) has decided to take strict action against tax defaulters and short-filers. The plan will not spare a...

15-Jan-2025 Read More

After crackdown: Afghan transit trade declines by 89%

ISLAMABAD: In the wake of crackdown on smuggling, the Afghan transit trade has declined by 89 per cent in the first five months of the current financial year. Sources say that during the first five months of this fiscal year,...

15-Jan-2025 Read More

Govt okays revised IPP deals, eyes major saving

ISLAMABAD: The federal cabinet, chaired by Prime Minister Shehbaz Sharif, approved revised agreements with 14 Independent Power Producers (IPPs) on Tuesday, shifting to a ‘take and pay’ model. This move is expected to sla...

15-Jan-2025 Read More