With an objective to improve the timely inflow of foreign exchange from export proceeds in the market, the State Bank of Pakistan (SBP) has amended the foreign exchange regulations and directed the exporters to bring export proceeds within a maximum pe…
Prime Minister (PM) Imran Khan chaired a meeting to review the progress on development projects in Balochistan yesterday in Islamabad.The meeting was given a comprehensive overview regarding Improvement in Governance Structure, Execution of Government-…
The government is likely to remove all tax exemptions by the next budget, i.e., for the fiscal year 2022-23 which would entail around Rs. 350 billion additional revenue measures.Chairman FBR Dr. Ashfaq Ahmed revealed this while briefing the Senate Stan…
The Economic Coordination Committee (ECC) authorized the import of 50,000 Metric Ton (MT) of Urea on a Government-to-Government (GoG) basis from the People’s Republic of China on an immediate basis.The decision was made with the Federal Minister for Fi…
The Pakistani Rupee (PKR) held out against the US Dollar (USD) in the interbank market today. It appreciated by one paisa against the greenback after hitting an intra-day low of Rs. 176.75 against the latter during today’s open market session.It apprec…
The government is revisiting its decision to increase the tax on the telecom industry after receiving backlash following the announcement of the mini-budget.The Minister of IT and Telecom, Aminul Haq, does not support the proposed taxes in the mini-bud…
Pakistan Telecommunication Authority (PTA) has started accepting applications for Long Distance and International (LDI) licenses for Pakistan with an application processing of $500.The initial license fee for the LDI license for Pakistan is $0.5 millio…
The Auditor General of Pakistan (AGP) has unearthed massive irregularities in the National Bank of Pakistan (NBP) from 2012 to 2020, causing the national exchequer a loss of over Rs. 235 billion.According to details, the audit has been carried out by t…
The Financial Action Task Force (FATF) has sought the list of business persons registered with tax departments using forged CNIC. FBR has acquired some details about such business persons using forged CNICs, enabling money laundering.According to FBR s…
The Ministry of Information Technology and Telecommunication has drafted the “National Broadband Policy-2021”, targeting the contribution of digital/broadband development to the economy to the tune of $5 billion investment and $20 billion revenue by 20…
Islamabad: President Azad Kashmir Barrister Sultan Mahmood Chaudhry has called upon the Kashmiri expatriate community
Islamabad: Prime Minister Muhammad Shehbaz Sharif has directed the authorities concerned to expedite action against
Islamabad: Finance Minister Muhammad Aurangzeb has stated that the government’s prudent economic policies have led
ISLAMABAD: Chinese Special Envoy on Afghan Affairs, Ambassador Yue Xiaoyong, met with Pakistan’s Foreign Secretary
Lahore: Minister for Information and Broadcasting Attaullah Tarar has taken a strong exception to PTI
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Copyright © 2024 Pakistan Press Release Point. All rights reserved.
