By Staff Reporter
ISLAMABAD: The government has raised the advance income tax on vehicles above 2000cc and imposed a fixed tax on imported and locally manufactured vehicles from 2001cc to above 3000cc under the amended Finance Bill 2023, according to a document issued by the Federal Board of Revenue (FBR).
By Staff Reporter
ISLAMABAD: Pakistan has revised its budget for the fiscal year starting on July 1 to include the latest fiscal tightening measures dictated by the International Monetary Fund (IMF) in a final effort to clinch a stalled rescue package, Finance Minister Ishaq Dar said on Saturday.
By Staff Reporter
ISLAMABAD: Pakistan’s attorney general told the Supreme Court on Friday that the army had detained 102 people for attacking military installations during protests over the arrest of former Prime Minister Imran Khan last month.
By Staff Reporter
ISLAMABAD: The cabinet’s Economic Coordination Committee (ECC) approved on Friday the export of 32,000 metric tons of sugar by mills in Sindh province within 60 days and a supplementary grant of Rs250 billion to increase the borrowing limit of the provinces for the current fiscal year.
By Staff Reporter
ISLAMABAD: Pakistan’s central bank saw its foreign exchange reserves drop by $482 million to $3.54 billion in the week to June 16, latest data showed on Thursday, as the country faces pressure to revive a stalled IMF programme and repay its debts.
By Staff Reporter
ISLAMABAD: Pakistan’s Supreme Court on Thursday ordered the government to provide a record of all those arrested after violent protests erupted on May 9 following the arrest of former Prime Minister Imran Khan in corruption charges.
By Staff Reporter
KARACHI: AD Ports Group, a UAE government-owned maritime and logistics provider, said on Thursday it had signed a 50-year concession agreement with Pakistan’s Karachi Port Trust (KPT) to operate the Karachi Gateway Terminal Limited (KGTL).
By Staff Reporter
ISLAMABAD: A reporter was slapped by finance minister Ishaq Dar on Thursday after asking him about the stalled negotiations with the International Monetary Fund.
By Staff Reporter
ISLAMABAD: Prime Minister Shehbaz Sharif said on Thursday he hoped the International Monetary Fund would release funds under its bailout program soon, after meeting IMF Managing Director Kristalina Georgieva on the sidelines of a summit in Paris.
By Staff Reporter
KARACHI: Pakistan is set to lease four terminals of its Karachi Port to a state-owned company of the United Arab Emirates for 50 years in a deal that will bring $50 million upfront and about $24 million in annual fees.
