Tax rates on cash withdrawn from banks not revised: FBR

ISLAMABAD: The Federal Board of Revenue on Wednesday clarified that the government had not revised rates or limits for tax on cash withdrawal from...

Pakistan’s foreign reserves rise to $17.58bn

KARACHI: Pakistan’s net foreign exchange reserves have reached the level of 17.58 billion US Dollar with the recent receipt of 2.2 billion dollars from...

ADB supports Pakistan in accelerating urban projects with new financing instrument

ISLAMABAD: The Asian Development Bank (ADB) has approved US $9 million in project readiness financing (PRF) to support the preparation and design of urban...

PA resolution demands withdrawal of taxes from cosmetics materials

LAHORE: A resolution in the Punjab Assembly on Tuesday demanded from the government to withdraw ‘additional taxes’ from raw materials used in the local...

Federal cabinet reviews economic situation, approves Rs278bn national emergency agriculture program

ISLAMABAD: Prime Minister Imran Khan chaired a five-hour long meeting of the federal cabinet met in Islamabad on Tuesday to review the overall political,...

Govt to return Rs 2.5bn to consumers for gas overbilling: Cabinet

ISLAMABAD: Federal Minister for Information Fawad Chaudhry on Tuesday said the government was returning Rs 2.5 billion to gas consumers after they were overbilled. Briefing...

Completion of power projects to save Rs 86bn of govt, NA body told

ISLAMABAD: Chairman Water and Power Development Authority (Wapda) Muzammil Hussain on Tuesday briefed the National Assembly Standing Committee on Water Resources about power distribution...

March 31 new date for income tax statement submission

ISLAMABAD: Federal Board of Revenue (FBR) has once again extended deadline for submission of income tax statement. Now the last date of tax return file will...

Pakistan’s sugarcane production far behind developed nations

FAISALABAD: Although Pakistan is considered 5th the largest sugarcane producing country in term of area worldwide but its average per acre sugarcane production is far behind...

International investment conference scheduled in Lahore next month

LAHORE: Provincial Minister for Industries & Trade, Mian Aslam Iqbal has said that decision has been made to hold international investment conference in provincial metropolis...