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Yearly Archives: 2020

FBR Attaches 146 Benami Properties worth Rs. 31 Billion

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According to the anti-benami initiative, the Federal Board of Revenue has disclosed 146 benami properties across Pakistan worth Rs. 31 billion. Director of anti-benami initiative General Dr. Bashir...

Hafeez Sheikh: Economic Position Strong, Increasing Exports, Remittances Supporting Growth

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Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Monday briefed the media about economic policies and progress on reforms. Speaking...

Pakistan eyes capturing UK market post Brexit

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As per the official data, the Federal Board of Revenue has collected Rs2.72 trillion in taxes from July to February of the current fascial year 2019-20....

FBR’s Tax Collection Fell Short by a Record Rs 490 Billion

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As per the official data, the Federal Board of Revenue has collected Rs2.72 trillion in taxes from July to February of the current fascial year 2019-20....

Pakistani Banks to Face Challenges in the Coming Days

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Due to the economic recession, analysts and bankers predicted that Pakistani banks, as well as clients, would face various challenges in the coming few days which...

Meezan Bank and Orient Electronics Private Limited Join hands with Transaction banking services

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In collaboration with Orient Electronics Private Limited, Meezan Bank has decided to update transaction banking services for Orient. Meezan Bank will facilitate Orient Electronics to fully automate...

Moody Announces Pakistan as ‘Credit Negative for Its Country Banks’

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Moody has termed Pakistan as “credit negative for the country banks” for consciously remaining on the Financial Action Task Force (FATF) grey list. As per Moody’s credit...

FBR to Acquire Budget Proposal from the Business Community

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The Federal Board of Revenue (FBR) has issued orders to the business communities and tax officials to submit their budget plans for 2020-2021. This step aims...

Pakistani Student Earns Lexus Design Award for Inventing Sewing Machine for Visually-Impaired

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Aqsa Ajmal, an industrial design graduate from the NUST School of Art, Design & Architecture (SADA) secured a slot amongst the top 6 global finalists for...

Authorities to Enforce Biometric Verification for Duty-Free Import of Mobile Phones

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The Government of Pakistan is planning on allowing international passengers for the duty-free import of mobile phones under baggage rules to diminish the exploitation of the...
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