LAHORE: Advisor to Prime Minister on Commerce and Investment Abdul Razak Dawood has said that Regulatory Duty and Additional Duty on those raw materials will be abolished which are not being produced locally. He was talking to the LCCI President Mian Tariq Misbah, Senior Vice President Nasir ...

ISLAMABAD: The Federal Board of Revenue (FBR) on Saturday clarified that no new sales tax was imposed on IT services as claimed in a news report published in a section of media. “IT and IT-enabled services were subject to sales tax at 16pc since July 2015 under Islamabad Capital Territory (Tax ...

The Pakistan Tehreek-e-Insaf (PTI) government is mulling over the privatisation of 10 more State-Owned Enterprises (SOEs) including Zarai Taraqiati Bank Limited (ZTBL), two gas utility companies and Utility Stores Corporation (USC) amid slow progress. Any entities put on this list would be an ...

Pakistan is considering a second bailout package worth $35.58 million for the Roosevelt Hotel in Manhattan, New York, which is owned by Pakistan International Airlines Investment Limited (PIAIL), a subsidiary of Pakistan International Airlines (PIA). The Economic Coordination Committee (ECC) of ...

Former head of the Federal Board of Revenue and respected accountant Syed Shabbar Zaidi has suggested that the government should go for demonetization of the Rs5,000 note from July 2021. "5000 Rupee Notes. Demonetise from July 1, 2021. Announce two months earlier" said Zaidi in a tweet on ...

The United Nations High Commissioner for Refugees has started small business support programme for the refugees. Talking to APP in Islamabad, an official of UNCHR said Pakistan and UNCHR in collaboration with Afghan Embassy has also provided six month vocational training skills in ten trade ...

ISLAMABAD: Minister for Industries and Production Hammad Azhar on Friday informed the Senate the government has paid US $16.4 billion towards external debt and Rs19.9 trillion towards domestic debt during the last two years. Responding to various supplementary questions during Question Hour, ...

Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired a meeting of the Executive Committee of the National Economic Council (ECNEC) at Cabinet Division today. ECNEC considered and approved a summary regarding the construction of the Gwadar-Ratodero Road Project (M-8) ...

ISLAMABAD – Minister for Industries Hammad Azhar has said the State Bank of Pakistan has foreign exchange reserves of twelve to thirteen billion dollars, adding that the reserves have increased due to improvement in exports and remittances. He was speaking on the floor of Senate during the ...

The Advisor to the Prime Minister on Commerce and Investment, Abdul Razak Dawood, held a consultative meeting at the Ministry of Commerce (MOC) to discuss Pakistan’s Global Trade in Services for the First Half of the Financial Year (FY) 2020-21 The advisor was apprised at the meeting that was ...