Japan automakers to invest $4.3bn in Thailand over 5 years: Thai govt
BANGKOK: Major Japanese auto manufacturers will invest 150 billion baht ($4.34 billion) in Thailand over next five years, Thai government spokesperson said, supporting Southeast Asian country’s transition to making electric vehicles. Toyota Mot...
Ukraine received $1.34bn under WB project: Finance Ministry
KYIV: Ukraine received $ 1.34 billion under World Bank’s public expenditures for administrative capacity endurance in Ukraine, Ukrainian finance ministry said. Ministry said in statement financing consisted of $ 1.086 billion loan from World Ba...
FBR warns non-filers of account freeze
ISLAMABAD: Federal Board of Revenue (FBR) has warned that non-filers of income tax returns may also face consequences of suspension of bank accounts and ban on local and foreign travelling through motorways and international air travel. Muhammad Asif...
Pak economic landscape undergoing transformation due to SIFC: Coordinator
LAHORE: Coordinator for Minister of State and Federal Tax Ombudsman Meher Kashif Younis said Pakistan's economic landscape had undergone remarkable transformation, largely because of establishment of Special Investment Facilitation Council (SIFC), wh...
SAARC Chamber praises FTO for outstanding services
ISLAMABAD: Former President of SAARC Chamber of Commerce and Industry Iftikhar Ali Malik praised commendable services provided by Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah. He said Dr. Asif has efficiently addressed genuine tax-related grievan...
LNG imports poised to reach 18-month peak
In Karachi, Pakistan's liquefied natural gas (LNG) imports are set to hit an 18-month peak in December. The surge comes as the country schedules the arrival of 11 LNG shipments, marking a significant increase compared to the past year. Notably, Paki...
Pakistan’s textile exports reach $6.88bn in 5-month
ISLAMABAD: Pakistan exported textile products worth $6,883.615 million during the initial five months of the current financial year (2023-24), the Pakistan Bureau of Statistics (PBS) reported. The exports of the product however witnessed a decline of...
Ogra ‘okays’ double-digit hike in RLNG rates for Dec
KARACHI: In a recent development, the Oil and Gas Regulatory Authority (OGRA) on Friday officially announced a substantial hike in the prices of re-gasified liquefied natural gas (RLNG) for December. The new prices will apply to both Sui Northern Gas...
SBP announces bank holiday on Dec 25
The State Bank of Pakistan (SBP) has officially announced Monday, December 25, as a bank holiday to honor both Quaid-i-Azam Day and Christmas. This declaration, conveyed by the central bank through its official X account, aligns with the upcoming ce...
Pakistan, ADB finalize $1.2bln loan agreements
ISLAMABAD: Pakistan and the Asian Development Bank (ADB) have recently sealed six loan agreements totaling $1.2 billion, a third of which will be allocated for budgetary assistance. This move comes following a resolution with the International Moneta...
