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Yearly Archives: 2020

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...

Revision in National Savings Scheme Rates

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Government marginally revised profit rates on national savings scheme. Profit rate on Defense Savings Certificate (DSC) cut by 28 basis points to 10.40 percent....

Employment Opportunities for 300,000 Individuals

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On the third day of the year 2020, Prime Minister Imran Khan inaugurated Allama Iqbal Industrial City M-3 Faisalabad under the Under CPEC special...

FBR has collected 16 percent more taxes as compared to the previous fiscal year.

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Despite of the fact that FBR’s shortfall during the first six months of the tax year has reached reach Rs 287 Billion, yet FBR...
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