The Federal Board of Revenue (FBR) has relaxed upper capping limit up to 10 percent of the export value for processing of deferred sales tax refunds of exporters (excluding five export orientated sectors) under the “FASTER” system.
In this regard, the FBR has issued instructions to the field formations on...
Banks and exchange companies are facing mounting pressure to lower the dollar rate below prevailing market levels, according to sources in the financial sector.
An important meeting in Islamabad on Monday, involving senior officials from the State Bank of Pakistan (SBP), the Ministry of Finance, and bankers, discussed measures to...
Prime Minister Shehbaz Sharif has directed the federal authorities to consult provincial governments for effective and comprehensive implementation of the digital transformation plan, stating that the digitalisation of the economy will help promote transparency.
“All provincial governments, including Gilgit-Baltistan and Azad Jammu and Kashmir, should fully cooperate with the federal government regarding...
Finance Minister Senator Muhammad Aurangzeb is returning to Washington on Tuesday to conclude the final round of negotiations under the Pakistan-US Trade Dialogue, as the two countries move closer to signing a crucial bilateral trade agreement.
In a statement shared with the media in Washington, the finance ministry described the...
Pakistan Stock Exchange saw modest upward momentum on Monday, fueled by investor interest in cement and technology stocks ahead of the monetary policy announcement and key corporate earnings.
The benchmark KSE-100 Index gained 172.77 points, or 0.12 percent, to close at 139,380.06 points as compared to the previous closing of...
Engro Fertilizers and Bank Alfalah Partner to Launch PKR 250 million Financing for Farmers across Pakistan
Engro Fertilizers, a major fertilizer company in Pakistan, and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will...
The Public-Private Partnership Authority (PPPA) has so far appointed experts to 15 positions, with efforts underway to fill 47 more technical roles across federal departments.
The development came to light during a review meeting held under Prime Minister Shehbaz Sharif on matters related to PPPA on Friday, read a statement...
Engro Fertilizers, a major fertilizer company in Pakistan, and Bank Alfalah Limited, Pakistan’s leading commercial bank, announced a strategic partnership aimed at empowering farmers across the country through enhanced lending facilities. This collaboration will extend financing of up to PKR 1 million to farmers registered through Engro Markaz outlets...
Pakistan’s state agency the Trading Corporation of Pakistan (TCP) has issued an international tender to purchase 100,000 metric tons of white refined sugar, European traders said on Friday.
The deadline for submission of price offers is July 31.
Pakistan’s government had on July 8 approved plans to import 500,000 tons of...
Karachi Interbank Offered Rate (KIBOR) rates for one-week to six-month tenors declined on Friday, indicating market expectations of further monetary easing.
KIBOR represents the average interest rate at which banks are willing to lend money to other banks.
According to the data provided by Arif Habib Limited (AHL), on a day-on-day...
