ISLAMABAD – On Tuesday, the Saudi Fund for Development announced a “generous instruction” to deposit US $3 billion with the State Bank of Pakistan to help the government maintain its foreign currency reserves and deal with the effects of the Corona outbreak. The deposit of US 3 billion dollars wasContinue Reading
Web Desk – The Federal Board of Revenue (FBR) has advised all taxpayers, old and new, to take advantage of the one-time 15-day extension allowed for submitting income tax returns until October 15, 2021. As a result, they should file their taxes as soon as possible because the deadline isContinue Reading
Due to a technical issue, the Sui Southern Gas Company Ltd (SSGCL) has suspended gas supply to all CNG stations and industries in Sindh and Balochistan for 72 hours. Domestic and commercial customers, on the other hand, have not seen any interruptions in gas deliveries, according to the sources. AsContinue Reading
ISLAMABAD, Pakistan – The National Electric Power Regulatory Authority (NEPRA) has hiked the price of energy by Rs1.95 per unit, causing still more inflation. According to a statement released by NEPRA, a fuel charge adjustment of Rs1.95 per unit of electricity has been authorised. In the framework of the AugustContinue Reading
ISLAMABAD – The Pandora Papers have uncovered further levels of corruption in Nawaz Sharif and Asif Ali Zardari, according to Federal Minister for Information and Broadcasting Chaudhry Fawad Hussain. He said in a tweet that Sharjeel Memon and Ali Dar, Nawaz Sharif’s son-in-law and Ishaq Dar’s son, had no statusContinue Reading
ISLAMABAD, Pakistan – The provisional revenue collection numbers for the first quarter of FY 2021-22 have been issued by the Federal Board of Revenue (FBR). FBR received net revenue of Rs.1,395 billion in the first quarter of the current Financial Year, surpassing the objective of Rs. 1,211 billion by Rs.Continue Reading
ISLAMABAD, Pakistan – During a phone chat on Thursday, Prime Minister Imran Khan and Iraqi Prime Minister Mustafa Al-Kadhimi expressed a willingness to deepen bilateral cooperation between the two nations in a variety of sectors, including commerce, investment, infrastructure development, and religious tourism. The Prime Minister wished the Iraqi governmentContinue Reading
ISLAMABAD: Finance Minister Shaukat Tarin said on Thursday that commerce with Afghanistan will be conducted in Pakistani currency due to a dollar scarcity in Kabul. Senator Senator Talha Mehmood, who chairs the Senate Standing Committee on Finance, made the decision during a meeting of the committee. According to Tarin, theContinue Reading
Pakistan’s most pressing need, according to Prime Minister Imran Khan, is to enhance its riches, he stated Monday during the groundbreaking ceremony of an international five-star hotel in Nathia Gali. According to the prime minister, the administration is working hard to create the rule of law in the country inContinue Reading
KARACHI: The State Bank of Pakistan (SBP) has received $2.75 billion in Special Drawing Rights (SDRs) from the International Monetary Fund (IMF), bringing the central bank’s foreign exchange holdings to an all-time high of $20.14 billion. The central bank’s foreign currency reserves on August 27 were $20,145.6 million, according toContinue Reading
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