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Monthly Archives: June, 2020

Finance Bill Executes through National Assembly

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The National Assembly passed the Finance Bill 2020 on Monday after rejecting all the joint opposition amendments which resulted in increased hostility between both sides in...

Govt May Give up Penalty on Imported Items to be cleared by 30th June

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The Government is expected to defer the consequence of millions of rupees on imported products to be cleared by 30 June 2020, well-informed sources told Business...

Duty Drawback to Be Paid to Exporters on FIFO Basis

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Under the new policy on the processing and sanctioning of these statements, the Federal Revenue Board (FBR) must pay customs duty drawback to exporters on a...

Government to Install Oil Stock Tracking System

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The decision by the government to raise petroleum product prices has triggered a negative reaction by the masses and opposition parties. The move overnight to massively...

Beneficiaries of Voluntary Declaration of Domestic Assets Act of 2018 being questioned by FBR?

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The statements submitted by the individuals who took advantage of the amnesty scheme under the 2018 Voluntary Declaration of Domestic Assets Act were challenged by the...

PTI Government is Pretty Confident about the Passage of Finance Bill

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The government on Saturday, vowed to get the budget passed on Monday (today) at all costs from the National Assembly after opposition parties rejected the budget...

SBP enhances credit card limits under consumer financing

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State Bank of Pakistan (SBP) on Monday enhanced credit card limit by amending regulations related to consumer financing. The SBP said that It had decided...

Foreign exchange: SBP reserves fall $146m to $9.96b

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The official foreign exchange reserves of State Bank of Pakistan (SBP) fell by $146 million to $9.961 billion by week ended June 19,...

Textile Exporters Receive Frequent Orders, Production Capacity to Reach 90% by Next Quarter

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As companies are re-opening worldwide, manufacturing companies in Pakistan, mainly in the textile sector, are receiving orders from various exporting countries, which could result in the...

Government targeting for 4-4.5% Growth over Next Three Years

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In anticipation of the successful persistence of the International Monetary Fund (IMF) programme, the government is aiming at rebounding the national economy with growth of four...
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