Finance Minister, Shaukat Tarin has said that inflation is there to remain and the government will frame programs in the next few days to improve the income of different segments of society affected by the international commodity price hike.Addressing …
› Industry
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State Bank and Multan Chamber Organize 2-Day SME Mela
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The State Bank of Pakistan (SBP) in collaboration with Multan Chamber of Commerce & Industry (MCCI) organized a two-day SME Mela on January 24-25, 2022.The event was attended by officials and members of chambers of industry & co…
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NPMC Continues to Repeat Its Order of Reducing Edible Oil Prices
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The prices of edible oil in the country came under discussion in the meeting and the NPMC was concerned about the increase in the prices as the international market has had a dip in the prices of edible oil.This was revealed by the Economic Adviser of …
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FBR Likely to Postpone Implementation of New Property Rates
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The Federal Board of Revenue (FBR) is expected to postpone the implementation of the revised property valuation rates till March 1, 2022.According to details, a delegation of the Real Estate Consultants Association (RECA) met with the Minister for Fina…
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Sri Lankan Trade Minister & Businessmen Call on Abdul Razak Dawood
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Sri Lankan Minister of Trade, Dr. Bandula Gunawardhana, and State Minister for Regional Cooperation, Tharaka Balasuriya, visited the Ministry of Commerce along with a top-level business delegation on Wednesday and called on Advisor to the Prime Ministe…
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Honda Atlas Cars Pakistan’s Profits Nosedive Despite Massive Sales
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Honda Atlas Cars Pakistan Ltd. (HCAR) has announced its financial results for the third quarter that ended December 31, 2021.In a notification to the Pakistan Stock Exchange, the company has reported a profit of Rs. 445.94 million during the third quar…
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Govt to ban Criminals Charged for Holding Specialized Positions
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The government has decided to ban people convicted for criminal offenses from holding ownership of or positions in Designated Non-Financial Business and Professions (DNFBPs), in compliance with the Financial Action Task Force’s (FATF) conditions.Accord…
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Rupee Drops Further Against the US Dollar Despite SBP Decision
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The Pakistani Rupee (PKR) is on a persistent losing streak against the US Dollar (USD) and posted losses in the interbank market today. It lost 22 paisas against the greenback after hitting an intra-day high of Rs. 176.25 against the USD during today’s…
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PIA Hasn’t Paid Excise Duty and Sales Tax Worth Billions in Two Years
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Pakistan International Airlines (PIA) has not filed its federal excise duty (FED) and sales tax (ST) returns with the Federal Board of Revenue (FBR) in two years.According to documents available with ProPakistani, the state-owned carrier has been a non…
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Transaction Structure Approved for Karachi Circular Railway
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The 19th Public-Private Partnership Authority (P3A) Board meeting has decided the Karachi Circular Railway (KCR) project to be built on a Public-Private Partnership (PPP) basis, whereby the private sector would be responsible to finance the constructio…