After unearthing new leads, the Directorate of Intelligence & Investigation Inland Revenue Faisalabad arrested Muhammad Yousaf, proprietor of M/s SAYTEX INTERNATIONAL, one of the major culprits responsible for issuing fake and flying invoices causing huge loss of revenue to the national Exchequer. The directorate had unearthed a big sales tax evasion scam of issuing/adjusting fake

President Dr. Arif Alvi has urged the business community to explore new global markets, particularly the African region. Addressing Federation of Pakistan Chambers of Commerce and Industries ceremony in Islamabad on Thursday, he said diversification and value addition can play a pivotal role to increase the exports of the country. He said Pakistan successfully tackled

Prime Minister’s Advisor on Finance Dr Abdul Hafeez Shaikh says the government is committed to follow macroeconomic fundamentals through effective policymaking and targeted reforms to achieve sustainable and inclusive growth. He was chairing a meeting of the Monetary and Fiscal Policies Coordination Board in Islamabad on Thursday. Special Secretary Finance said that the economy is

The Pakistan chapters of commercial data analysis company, Dun & Bradstreet, and Gallup International Association have launched their inaugural report titled ‘Pakistan Consumer Confidence Index (CCI)’. The CCI report has been developed by assessing consumers’ confidence about the economy as well as their personal financial situation. The Index encompasses covers four key parameters: Household Financial

Chairman Senate Standing Committee on Commerce and Trade Senator Mirza Muhammad Afridi has said that smuggling has reduced substantially due to effective measures for its eradication which has supported the local industry and will be instrumental in promoting economic activities and businesses in the country. He expressed these views while presiding the Senate Standing Committee

Pakistan’s Ambassador to Belgium, Luxembourg and the European Union Zaheer A Janjua has urged European companies to invest in Pakistan which offers a number of incentives to foreign investors. During a virtual meeting with a leading Belgian manufacturing company Ontex Group in Brussels, he said Pakistan is considered to be the top investment friendly destination

Economic Coordination Committee has approved an amount of 3850 million rupees due to the employees of Pakistan Steel Mills for the financial year 2020-21 to be disbursed every month. This approval was accorded during its meeting held in Islamabad on Wednesday, with Adviser to the Prime Minister on Finance and Revenue Dr.Abdul Hafeez Shaikh in

State Bank of Pakistan (SBP) has said the Current Account Deficit remained surplus for the second consecutive time during the month of August this year. In its tweets on Wednesday, the central bank said the current account balance cumulatively reached a surplus of 805 million dollars during the first two months of current fiscal year

The import of Mobile Phones into the country has witnessed an increase of 87.37 percent during the first two months of the ongoing financial year (2020-21) as compared to the corresponding period of last year, latest data issued by the Pakistan Bureau of Statistics (PBS) showed. Pakistan imported mobile phones worth $306.383 million during July-August 2020 as