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PM for using technology to improve tax, revenue collection
ISLAMABAD: Prime Minister Shehbaz Sharif directed Federal Board of Revenue (FBR) to utilise modern technology to improve collection mechanism of taxes and revenues. Chairing review meeting on FBR reforms, he instructed measures for capacity building...
FBR raises sales tax on tractors in Pakistan
ISLAMABAD: The Federal Board of Revenue (FBR) has announced a 4 percent increase in sales tax on tractors. As per the notification from the FBR, the sales tax on domestically produced tractors has risen from 10% to 14%, with the same adjustment apply...
Pakistan, Turkiye pledge stronger ties at Istanbul Expo meeting
Istanbul: Interior Minister Mohsin Naqvi met with Turkiye’s Defense Minister Yasar Guler here during his visit to International Expo. Meeting underscored mutual commitment of both nations to deepen cooperation across various sectors. Yasar Gul...
Rupee remains flat against dollar
KARACHI: Rupee remained unchanged against dollar in interbank market. At close, domestic unit settled at 277.73, gain of 0.01 paisa against greenback. In open market, unit showed no any significant change in value on lackluster session. Intern...
Gold price hits new record high
Karachi: Gold price per tola surging by Rs 2,000, reaching new all-time high of Rs 285,400 per tola. This increase comes amid rise in international gold rates, further driving up local market prices. According to All-Pakistan Gems and Jewellers Sara...
Pakistan to explore int’l capital markets in due course: Aurangzeb
Washington: Finance Minister Muhammad Aurangzeb said government would explore tapping international capital markets in due course. Remarks from Aurangzeb came during meeting with delegation of CitiBank led by Jay Collins Vice Chair of Public Sector....
SBP can further slash interest rate in November: Aurangzeb
Finance Minister Muhammad Aurangzeb Wednesday hinted State Bank of Pakistan (SBP) might further slash interest rate in November’s Monetary Policy. “SBP has cut its benchmark interest rate for three consecutive meetings by 450 basis points...
Pakistan requests IMF for $2bn more under climate financing
Washington: Pakistan’s economic delegation, led by Finance Minister met with International Monetary Fund (IMF) Deputy Managing Director Kenji Okamura during annual meetings of IMF and World Bank. Pakistani delegation requested climate financin...
SECP warns public about fraudulent investment platform
KARACHI: Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit-taking platform operating under name ‘SMARTPAYS’. Platform is being promoted through website, falsely claiming provision of subst...
KSE-100 gains 409pts on institutional buying
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index gained 409 points to close at fresh record high. KSE-100 started session positive, hitting an intra-day high of 86,846.04, followed by late-session selling that trimmed some gains. At cl...
