Category Archives: Market

Govt making tax collection trouble-free for people: Hafeez

Adviser to Prime Minister on Finance Abdul Hafeez Sheikh has said present government is continuing with reforms in tax system to make it transparent through automation. He was speaking at a ceremony to release tax directory and hold balloting for

Pak-China border via Khunjarab pass re- opened for trade

The Pak-China border via Khunjarab pass has been re- opened for trade. Border will remain open under strict SOPs till 30th of this month. It remained closed for tourism purposes to avoid spread of COVID-19.   Source: Radio Pakistan

SBP Working To Provide Investment Opportunities to Overseas Pakistanis

State Bank of Pakistan (SBP) is actively working along with the government for the facilitation of overseas Pakistanis by increasing their access to financial markets of Pakistan, said SBP Governor Reza Baqir while speaking to the Pakistani community through a

CDWP Approves 4 Projects Worth Rs. 12.25 Billion

A recent Central Development Working Party (CDWP) meeting, presided over by Deputy Chairman Planning Commission Mohammad Jehanzeb Khan, approved four projects worth Rs. 12.25 billion on Wednesday. The meeting committee also recommended two projects worth Rs. 33.427 billion to the

Govt Allows Wheat Import to Meet Local Demand

The government has decided to allow import of 1.50 million metric tons (mmt) wheat through Trading Corporation of Pakistan (TCP). A summary has been moved to the Economic Coordination Committee (ECC) of cabinet by the Ministry of National Food Security

TCP to import wheat for additional strategic reserves

The Trading Corporation of Pakistan will start importing wheat to maintain its supply at a reasonable price and for keeping additional strategic reserves. A decision to this effect was taken by the Economic Coordination Committee (ECC) of the Cabinet, which

New web portal opened for payments of Ehsaas Emergency Cash

Special Assistant to Prime Minister on Poverty Alleviation and Social Protection Sania Nishtar says a new web portal (complaints.pass.gov.pk) has been opened to provide ease to the people who are facing issues of biometric verification in the payments of Ehsaas

FBR Issues 2 SROs Revising Duty Drawback & Making Tax Exemption Certificates More Difficult

The non-resident persons or permanent establishment (PE) of non-resident persons have to go through a new cumbersome process at the tax offices to obtain certificates from the Federal Board of Revenue (FBR) for availing income tax exemption or a lower

Online Shopping in Pakistan Increased by 52% During Pandemic: Report

Displaying verified customer reviews, use of augmented reality, local currency payment options, ease of refunds, and a chat window as top confidence builders according to Visa Inc. survey A significant majority of Pakistani customers have shifted towards digital payment options

Pakistan Expected to See Broad Economic Recovery in FY2021: ADB Report

Pakistan is projected to experience a broad economic recovery in fiscal year (FY2021) as the economic sentiment improves with the expected subsiding of the coronavirus (COVID-19) pandemic and the resumption of structural reforms, says an Asian Development Bank (ADB) report.