Discussing the Finance Supplementary Bill 2021 for the second consecutive day, the Senate Standing Committee on Finance recommended on Thursday withdrawal of the proposed 17 percent general sales tax (GST) on gold jewelry and also opposed the proposal …

The Pakistani Rupee (PKR) once again posted losses against the US Dollar (USD) in the interbank market today. It depreciated by 18 paisas against the greenback after hitting an intra-day low of Rs. 177.07 against the latter during today’s open market s…

A business delegation of Oman led by Engr. Redha Al Saleh, Chairman, Oman Chamber of Commerce & Industry visited Islamabad Chamber of Commerce & Industry and held B2B meeti…

Systems Limited has expanded its operations in the heartland of the Arab world with the establishment of its 100 percent owned subsidiary in the Kingdom of Saudi Arabia, aimed at enhancing its footprint in the foreign markets.The company has set up the…

Prime Minister Imran Khan on Thursday said that the promise of providing low-cost housing to the poor segment of society is being fulfilled.Chairing a meeting of the National Coordination Committee for Housing, Construction, and Development in Islamaba…

The Federal Board of Revenue (FBR) has collected Rs. 730 million from those people who are involved with own-money associated with the vehicles business.The Chairman of the FBR, Dr. Muhammad Ashfaq Ahmed, told the Senate Standing Committee on Finance R…

The Federal Board of Revenue (FBR) has proposed that the procedure of clearance of cargos at Border Customs Stations and Dry ports be tightened to minimize the risk of misdeclaration during the clearance process. Also, punishment has been suggested aga…

Pakistan’s nascent startup ecosystem raised $373 million in investments in 2021, which was a growth of almost five times over $77 million in 2020. A total of 95 percent of this investment came from foreign investors, including very well-known internati…

The oil refining sector is currently looking for a way out as Independent Power Producers (IPPs) are refusing to lift locally-processed furnace oil as inventory for emergency use.The Chairman of Cnergyico PK Ltd. (previously Byco Petroleum), Mohammad W…

The federal government’s debt swelled to an all-time high of Rs 40.99 trillion during the first five months of the current fiscal year, mainly due to the depreciation of the local currency and the State Bank of Pakistan’s loan to the government against…