The cut-off yields on Treasury Bills (T-Bills) were down by up to 2 basis points (bps) in the auction of the paper held on Wednesday. According to the data released by the State Bank of Pakistan (SBP), the government raised Rs. 853 billion against an initial target of Rs. 1.1
Pakistan’s dollar bonds fell on Wednesday after Ishaq Dar hinted at slashing interest rates on the very first day of taking charge as the finance minister. The country’s sovereign dollar-denominated bonds slumped by 8 cents to hit record lows with the country’s 2024 dollar bond being traded at 40.2 cents
The Federal Board of Revenue (FBR) has enabled a refund adjustment tab in the tax return forms to ensure smooth filing of returns and improve ease of doing business and decrease the cost of compliance for taxpayers. According to an official statement released by FBR, the said facility will enable
Saudi Arabia has confirmed the rollover of three billion dollars deposit, placed with the State Bank of Pakistan, for one year. The State Bank of Pakistan on its official twitter handle said the deposit is part of its forex reserves. It said the rollover of the deposit reflects continuing strong
The Federal Board of Revenue (FBR) has dismissed the Deputy Commissioner (DC) Large Taxpayers Unit (LTU) for unauthorized absence from duty. In its statement, the board said that it initiated disciplinary proceedings against DC LTU Karachi Nadeem Ahmad Tahir (Inland Revenue Service/BS-18) on account of his unauthorized absence from duty.
Pakistan has expressed regret over the non-issuance of visas by India for the visit of Pakistani Zaireen to participate in the Urs of Hazrat Mujadad Alf-Thani (RA). In a statement, a spokesperson of Ministry of Religious Affairs said India has deprived the Pakistani pilgrims from attending the Urs, which began
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