Category: Business

FAISALABAD: Federal Board of Revenue (FBR) chairman Syed Shabbar Zaidi has said that under-invoicing, smuggling and problems related to Afghan transit trade are priority issues for the government and stringent measures are being taken to resolve them. He was speaking to FBR local officers, members of the business community and media personnel here on Monday. […]

ISLAMABAD: The Asian Development Bank (ADB) on Monday said it planned to extend up to $10 billion indicative lending to Pakistan for various development projects and programmes during the next five years including $2.1bn disbursements during the current fiscal year. The Manila-based lending agency said it had a series of country consultations to formulate a […]

ISLAMABAD: Ahead of Prime Minister Imran Khan’s visit to the United States of America, the two sides on Monday discussed measures for enhancing cooperation in the agriculture sector. In a meeting, Minister for National Food Security and Research, Muhammad Mehboob Sultan and US Ambassador Paul Jones agreed that the forthcoming visit would be very important […]

The surge in the value of the dollar continued on Monday as the rupee shed its value by Re0.78 in the interbank market and Re0.20 in the open market. In the interbank market, the greenback traded at Rs157.78. Similarly, in the open market, the dollar traded at Rs157.20. Exchange Companies Association of Pakistan (ECAP) President […]

ISLAMABAD: Pakistan will get net receipts of about $1.65 billion in four years from the International Monetary Fund (IMF) under the just concluded $6bn bailout as it delivers on a steep macroeconomic adjustment plan. A senior government official told Dawn that beginning this year Pakistan will receive a total of $6bn in about three years ending 2021-22 from the […]

Global advertising spend is expected to grow 4.6 per cent in 2019, a dip from previous estimates, with internet advertising seen slowing to single digits in 2021 for first since the dotcom bubble burst, industry forecaster Zenith said. Zenith, owned by French advertising group Publicis, said in a report published on Monday that internet advertising […]

KARACHI: The traders of Karachi on Sunday called off their three-day strike, which was supposed to begin from Monday (today), on the assurance given by Sindh Governor Imran Ismail that the government was prepared to address their reservations on tax issues. The governor extended this assurance to a delegation of the Karachi Traders Action Committee […]

ISLAMABAD: The board of Green Climate Fund (GCF) on Sunday approved financing of $35 million for a project of the Food and Agriculture Organisation (FAO) of the United Nations to transform the Indus River Basin by improving agriculture and water management to make the vital food-producing region more resilient to climate change. The approval of […]

KARACHI: Transporters associations on Sunday increased fare of buses, coaches and minibuses by up to 100 per cent citing a manifold increase in prices of fuel, triggering anxiety in the city residents already suffering from inflation. Amid heavy increases in CNG prices for the last 10 months, the transporters said, the Sindh government had not […]

KARACHI: The loss-making public sector enterprises (PSEs) borrowed 36 per cent more from the banks in the outgoing fiscal year over the preceding year. The State Bank of Pakistan (SBP) latest report shows that the banks’ lending to the PSEs jumped to Rs329.7 billion in 2018-19, which was a record borrowing in a single year. […]