Daily Archives: January 12, 2022

RCCI International Chambers Summit 2022 Stresses Promotion of Industries

The two-day International Chambers Summit 2022 ended on Wednesday with an emphasis on the need for industrialization and the creation of economic zones.The summit was organized by the Rawalpindi Chamber of Commerce and Industry (RCCI) and the President...

EU GSP+ Review Mission to Visit Pakistan Next Month

An EU mission, the panel was informed, will visit Pakistan in February in connection with the extension of Good Governance and Sustainable Development (GSP Plus) status. It will monitor the situation of human rights, women rights, minority rights, labo...

FBR Begins Budget Preparation Exercises for FY23

Starting its budget preparation exercises for the fiscal year (2022-23), the Federal Board of Revenue (FBR) has sought customs-related proposals from all the Chambers of Commerce and Industry by March 31, 2022.In this regard, FBR has issued a letter to...

FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks

The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have ...

Pakistan’s Economic Fundamentals Remained Stable Despite COVID: Governor SBP

Pakistan’s economic fundamentals and overall performance remained stable during the COVID-19 pandemic, said Governor State Bank of Pakistan (SBP) Dr. Reza Baqir.Addressing ‘The Future Summit’ in Karachi, Dr. Reza Baqir reflected on how Pakistan’s econo...

Regal Automobiles Raising Rs. 800 Million Through PSX to Launch Electric Cars in Pakistan

Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs. 800 million for setting up set up an assembly line for the manufacturing of electric cars in Pakistan.The company will

Finance Ministry Concerned About Increase in Sugar Prices

National Price Monitoring Committee (NPMC) of the Ministry of Finance has expressed concerns about the marginal increase in sugar prices across various cities during a recent meeting. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, preside...

Rupee Posts Big Gains Against the US Dollar Following World Bank’s Projections

The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) for the second consecutive day in the interbank market today. It gained 40 paisas against the greenback after hitting an intra-day high of Rs. 175.87 against the latter during

FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks

The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have ...

EU GSP+ Review Mission to Visit Pakistan Next Month

An EU mission, the panel was informed, will visit Pakistan in February in connection with the extension of Good Governance and Sustainable Development (GSP Plus) status. It will monitor the situation of human rights, women rights, minority rights, labo...