The Federal Tax Ombudsman (FTO) anticipates a significant surge in the number of tax return filers, surpassing the current 4.2 million figure. This surge is expected following the introduction of…
Business
China’s $40 Billion Investment in Semiconductor Technology to Mitigate Effects of US Trade Restrictions
Despite continuous efforts by the United States to restrict China’s semiconductor production, the potential impact remains limited. China is gearing up to launch a new fund aimed at bolstering its…
Saudi Arabia extended the deadline for the $3 billion deposit.
The SBP says the extension of the deposit period was “a continuation of the support that Riyadh has provided” to Pakistan. The State Bank of Pakistan (SBP) announced Friday that…
Hina Rabbani Khar conducts political talks with Afghan FM in Kabul.
Foreign Affairs Ministry Hina Rabbani Khar discussed several bilateral issues of common concern’ with Afghan officials, says FO. Minister of State for Foreign Affairs Hina Rabbani Khar held political consultations…
AIIB to credit SBP account with $500 million, Dar confirms.
Financing was sent under ADB’s BRACE program to provide the fiscal space needed for the government to implement its countercyclical development spending package. ISLAMABAD: The Asian Infrastructure Investment Bank (AIIB)…
Interpreter: The Reko Diq saga — financial implications
The $9 billion Reko Diq Deal is the most significant investment in Pakistan’s history. By making a matching investment, the country gets 50 percent of the profit from the overall…
Protracted Pak-IMF talks may delay the $1 billion tranche.
Talks between Pakistan and the IMF are stalling as the two sides have so far been unable to reach a broader agreement on a revised macroeconomic framework for the current…
PSX Shakes After SBP Raises Interest Rates to Highest Since 1999
KSE-100 index falls by over 950 points; experts blame SBP’s pronouncement to upsurge interest rate The Pakistan Stock Exchange (PSX) stormed open on Monday morning in response to the State…
- 1
- 2