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BUSINESS
Govt passes on partial relief for 15 days
ISLAMABAD: The government has passed on partial relief to the end buyers by
reducing the prices of the petroleum products almost 50 % of actual reduction for a fortnight (December 16-December 30). The reduction in the rates of petroleum…
SBP jacks- up interest rate by 100 basis points
KARACHI: The State Bank of Pakistan (SBP) seems in hurry to take interest rate to even higher than the last year. After a gap of less than month, it revised interest rate upward by 100 basis points to push it from 8.75 % to 9.75 %. In…
Service charges Rs 1 only : FBR
ISLAMABAD: The Federal Board of Revenue (FBR) has strongly rejected disinformation being spread on the social media against the proposed Service Charge of Rs.1 to be collected on all invoices issued by Tier-1 Retailers integrated with FBR’s…
Metro Pharmaceuticals rebukes Indian media’s claim of payment
ISLAMABAD: Indian media reports that Metro Pharmaceuticals Pakistan, a leading Islamabad-based pharma company, and at least four other Pakistani pharmaceutical firms owe to Indian suppliers Rs 2.85 crore and Indian State minister for…
Pakistan Customs seizes goods worth Rs 10 million
ISLAMABAD: Following a policy of zero tolerance against smuggling , Pakistan Customs of Federal Board of Revenue (FBR) has seized smuggled goods worth more than Rs 10 million at Torkhan border.
According to an official handout, a…
FBR all out to make POS campaign a sucess story
ISLAMABAD: The Federal Board of Revenue (IR-Operations) member, Qaiser Iqbal,
held an important meeting with the top leadership of FBR field formations through video link facility on Saturday. The member reaffirmed his commitment to…
Customs intellegence recovers smuggled cloth in Karachi
KARACHI,; Upon credible information, Intelligence team of Customs Enforcement, Karachi conducted a surveillance on warehouses located at Aram Bagh market, Lucknow, and Al-Jadeed Market Saddar, Karachi, where a huge quantity of foreign…
Take care of taxpayers; FBR Chairman to field staff
ISLAMABAD: As a sequel to E-Kachehries held regularly to comply with the directions of the prime minister, chairman Federal Board of Revenue (FBR)/secretary Revenue Division, Dr. Muhammad Ashfaq Ahmed, held an E-Kachehri here on Friday to…
Pakistan model for digital silk route: Chinese envoy
ISLAMABAD: Mr. Li Young, Chinese Commercial Councillor read the following message of the Ambassador.
The CPEC is the pilot project of the Belt and Road Initiative (BRI). In 2015, Chinese President Xi Jinping paid a historic visit to…
Tarin accuses banks of wrongdoing in dollar trade
ISLAMABAD: Shaukat Tarin, advisor to the prime minister on Finance , on Wednesday said the banks were involved in wrongdoing in dollar trade that put pressure on the rupee.
Talking to media here, Shaukat Tarin said he has summoned the…
