The Federal Board of Revenue (FBR) has found no revenue loss on account of the alleged unlawful clearance of goods worth $847 million during the import ban under the Pakistan Single Window (PSW) or “WeBOC” Customs clearance system.The findings of the …
Prime Minister Muhammad Shehbaz Sharif has said that our economy can’t grow with high power tariff, thus we have to replace the power plants operating on costlier fuel that burdens our people and results in circular debt.In a tweet today, the Prime Mi…
The State Bank of Pakistan (SBP) will remain closed for public dealing on Monday, 14 August, which will be observed as a ‘Public Holiday’.“The State Bank of Pakistan will remain closed on Monday, August 14, 2023, on the occasion of ‘Independence Day’ …
The Punjab interim administration made an announcement on Tuesday, revealing a substantial 35 percent augmentation in the remuneration of government personnel within grades 1 to 16.As per the official statement, the administration has also given the g…
The Public Accounts Committee (PAC) Tuesday directed the Auditor General to conduct an audit of the State Bank of Pakistan (SBP).The directions came during a meeting of the PAC that took up the matter of loan disbursement under the Temporary Economic …
Rice is Pakistan’s third biggest export group after Textile and IT services but it declined by 14.5 percent in FY23 to $2.1 billion from $2.5 billion the previous year, but experts see bumper yields in 2023-24 which will lift rice exports to $3 billio…
The benchmark KSE-100 index surged over 49,000 points on Thursday, the first time since hitting 49,527 in June 2017.At 11:30 AM, the top index rose by 640 points to 49,404, before cooling down to 49,232 at 12:15 PM after initially opening at 48,764.Ac…
BRR Guardian Modaraba will be delisted from the Pakistan Stock Exchange (PSX) on Friday after the requirements for its merger with BRR Guardian Limited were satisfied.“BRRG is being listed on the Exchange pursuant to the Scheme of Arrangement (the “Sc…