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Monthly Archives: January, 2020

PKR 10.836 Billion Customs Duty Collected at Jinnah Airport

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he newly established Model Customs Collectorate at Jinnah International Airport has collected customs duty worth of PKR 10.836 billion as against the target of...

Rising Pakistan – Trade deficit narrows, significant move to strengthen Pakistan

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According to Pakistan Bureau of Statistics, Trade deficit observed substantial reduction during July 2019 to December 2019 against same period of previous year. Although...

Crude and Gold Extend Gains, Stocks Sink on Fear of US-Iran War

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Pakistan Stock Exchange bears a substantial downfall due to panic selling over the prevailing geopolitical situation. Donald Trump stood by his threat to go after...

EEC has Finally Allowed the Duty-Free Import of Cotton

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The Economic Coordination Committee (ECC) took the decision of allowing the import of cotton with zero duties under the chairmanship of Advisor to Prime Minister on...

Stock Market Gains 1,081 Points on Tax Incentives for Foreign Investors

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The benchmark KSE-100 of Pakistan stock exchange closed at 42,481 points as against 41,400 points showing an elevation of 1081 points. Tax incentives granted to...

Microfinance Banks to Ensure Biometric Verification

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State Bank of Pakistan has released the orders to all microfinance banks to ensure biometric verification of customers to eliminate scams like money...

Possible Privatization of HBFC

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The federal government has directed the State Bank of Pakistan (SBP) to divest its entire, 90.31%, shareholding in House Building Finance Company (HBFC) –...

$267million against decades old dispute

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Etisalat has offered Pakistani Government $267 million as final prize to settle a decades old dispute. In July 2005, Etisalat bought 26% shares in PTCL with management...

SBP reserves jumped to $ 11.5 Billion

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As per official data released by the State Bank of Pakistan, the foreign exchange reserves held by the central bank has recorded an increase...

Conditions relaxed for Imported Cars

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The federal government of Pakistan has allowed the citizen to pay the partial duties of imported cars in Pakistani rupees. It has become mandatory to fulfill...
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