BUSINESS
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Govt sets target to retrieve Rs 60bn in tax from tobacco industry
In a move to combat tax evasion, the federal government decided to take strict measures against smuggling of cigarettes in...
Remittances jump 54% to hit record $3.24 billion in May
Remittances sent home by overseas Pakistanis reached a record high of $3.243 billion in May 2024, marking a 54.2% year-on-year...
Govt forms SIFC cabinet committee to boost investment
The federal government has constituted Cabinet Committee on Special Investment Facilitation Council (SIFC) to ensure implementation of recommendations within the...
SBP may cut policy rates by 1% breaking yearlong status quo
The State Bank of Pakistan (SBP) is expected to lower its main interest rate by 1% (or 100 basis points)...
PM vows Chinese development and economic model to replicate same in Pakistan
Prime Minister Shehbaz Sharif on Wednesday, assuring all-out facilitation to Chinese investors, and security of Chinese individuals, projects and investments...
Electricity prices further jacked up by Rs3.76 per unit
The National Electric Power Regulatory Authority (Nepra) on Tuesday hiked the per unit price of electricity by Rs3.76 per unit...
Inflation drops at lowest in 30 months
The consumer price index (CPI) in May rose 11.8% from a year earlier, data from the Pakistan Bureau of Statistics...
EU refuses to lift ban on Pakistani air carriers, PIA
The European Union (EU) refused to lift the ban on Pakistani air carriers including PIA. The European Union (EU) in...
FBR to probe against officers involved in fistfight over share in tax refund ‘cut’
The Federal Bureau of Revenue (FBR) has said that it will investigate an incident involving its officers engaging in a...
Prices of petrol slashed by Rs4.74, diesel by Rs3.86
The federal government has reduced the price of petrol by Rs4.74 per litre in its third consecutive fortnightly review in...
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