PAKISTAN has ensured a great leap in its classification in the latest indicators of Ease of doing business published by the World Bank. This is commendable and welcome, and is the culmination of a diligent and concerted effort made by the government's leading agency, the Investment Board, in conjunction with a wide range of federal […]
ISLAMABAD: The parliamentarians opposed on Wednesday the measure proposed by the government to centralize the sales tax on services for being against the constitution and asked the International Monetary Fund (IMF) to relax the economic objectives established under the facility Extended fund of $ 6 billion that was negatively affecting businesses and people in the
ISLAMABAD: The Economic Coordination Committee (CEC) of the cabinet approved on Wednesday the rescheduling of approximately Rs167 billion of debt in the electricity sector. At an ECC meeting, chaired by the prime minister's finance and income advisor, Dr. Abdul Hafeez Shaikh increased the sales margins of oil marketing companies and distributors and ordered the release
WASHINGTON: The Financial Action Task Force (FATF) urged all member states on Wednesday to criminalize the financing of terrorism-related travel. The FATF guidelines, issued on Wednesday, include explicit instruction to "criminalize travel financing for the purpose of perpetrating, planning, preparing or participating in terrorist acts, or providing or receiving terrorist training." The instructions also urged
ISLAMABAD: Prime Minister Imran Khan praised the agreement between the Hadi government in Yemen and the separatists backed by the United Arab Emirates on Wednesday. “Pakistan welcomes the conclusion of the historic Riyadh Agreement, as a result of the initiative taken by the Saudi leadership and the support of the UAE government. We believe it
ISLAMABAD: Prices for seasonal essentials continued to rise as inflation registered 11 percent in October 2019 compared to the previous year, the Pakistan Statistics Office (PBS) reported on Wednesday. Inflation, measured through the Consumer Price Index (CPI), increased 1.8{7be40b84a6a43fc4fae13304fce9a2695859798abfc41afd127b9f8b21c5f9c5} during the previous month after the PBS revised its calculation methodology by establishing the new 2015-16
ISLAMABAD: In a rare movement, almost 23 chief commissioners of Inland Revenue in a meeting with the president of the Federal Revenue Board (FBR), Shabbar Zaidi, demanded that the government withdraw the proposed reform measures for the tax authority within two days. But they were not clear about their course of action after two days
ISLAMABAD: In a nighttime development on Tuesday, the National Directorate of National Savings (CDNS) reduced profit rates in all national savings schemes. The new rates will be applicable to deposits and investments made from November 1. The benefit rate on the Defense Savings Certificate was reduced by 2.33 percentage points to 10.68pc, while the rate
ISLAMABAD: Federal Minister of Planning, Development and Reform Makhdum Khusro Bakhtyar and NDRC Vice President Ning Jizhe are seen in this group photo together with other delegates during the ninth meeting of the Joint Cooperation Committee. ISLAMABAD: Committing the complete fencing of Afghan and Iranian borders as a priority to ensure peace and security, Pakistan
ISLAMABAD: Disappointed by the loss of Pakistan's team in the second Twenty20 International against Australia in Canberra on Tuesday, former sprinter Shoaib Akhtar said there are no hitters on the team who can take responsibility as Captain Babar Azam. “I feel disappointed for Pakistan and especially for Babar, who played superbly in the two T20s.
