Business News
FBR extends deadline for retailers to file tax returns
The Federal Board of Revenue (FBR) has announced an extension in the deadline for retailers to file tax returns for the year 2017-18 it said a notification issued late Friday.
World Bank report says Pakistan’s budget has lost credibility
ISLAMABAD: According to a draft report by the World Bank, Pakistan's budget has lost its credibility and the public finance management has further weakened, it was revealed on Friday.
Huawei first-half revenue up about 30% despite U.S. ban: Bloomberg
Huawei Technologies Co Ltd’s revenue grew roughly 30% in the first half after select teams secured critical supplies to keep production going despite U.S. technology export restrictions, Bloomberg reported on Tuesday, citing people familiar…
IMF says Pakistan needs to mobilise tax revenue, cut debt
Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister…
Hammad acknowledges ADB’s support for Pakistan
ISLAMABAD: Asian Development Bank (ADB) Country Director Xiaohong Yang called on Mr. Muhammad Hammad Azhar, Federal Minister for Economic Affairs.
Ms. Yang congratulated Mr. Azhar on his appointment as Federal Minister. Minister for…
Huawei announces $100 mln investment in Pakistan this year
ISLAMABAD: Federal Minister for Planning, Development & Reform Makhdum Khusro Bakhtyar, while appreciating Huawei’s continued engagement in Pakistan, said that the leading technological company can support in developing and upgrading IT…
Business community will find govt receptive and responsive: PM
Prime Minister Imran Khan on Tuesday said the government was fully determined to extend all facilities to the investors and business community.
Hammad Azhar loses federal revenue ministry within 24 hours
ISLAMABAD: Hammad Azhar has been removed as head of Revenue Division a day after he was sworn in as Federal Revenue Minister.
According to well-placed sources, Dr Abdul Hafiz Shaikh was upset with the government for handing the revenue…
Pakistan receives first tranche of $991.4 mln from IMF
ISLAMABAD: Pakistan has received the first tranche of loan of $991.4 million from the International Monetary Fund (IMF) under the under Extended Fund Facility (EFF).
According to the State Bank of Pakistan (SBP), the country's foreign…
Emirates NBD Bank CEO calls on Abdul Hafiz Shaikh
ISLAMABAD: A five member delegation from Emirates NBD Bank called on the Adviser to Prime Minister on Finance, Dr. Abdul Hafiz Sheikh, here this morning.
The delegation was led by Mr. Fahad Al Qasim, CEO Emirates NBD Capital Limited.…