With an objective to improve the timely inflow of foreign exchange from export proceeds in the market, the State Bank of Pakistan (SBP) has amended the foreign exchange regulations and directed the exporters to bring export proceeds within a maximum pe...
Read More »Daily Archives: January 5, 2022
FBR Gives Deadline for Businesses to Integrate with Point of Sale System
In a bid to collect maximum taxes from big retailers, the Federal Board of Revenue (FBR) has made public the list of 1,284 business tycoons who did not integrate their businesses with its Point Of Sale (POS) system, warning them that they will not be e...
Read More »Govt Likely to Remove Rs. 350 Billion Tax Exemptions in FY23 Budget
The government is likely to remove all tax exemptions by the next budget, i.e., for the fiscal year 2022-23 which would entail around Rs. 350 billion additional revenue measures.Chairman FBR Dr. Ashfaq Ahmed revealed this while briefing the Senate Stan...
Read More »Pak-China and APCEA Collaborate to Highlight the Role of Chinese Enterprises in Pakistan
Pakistan-China Institute (PCI) and All-Pakistan Chinese Enterprises Association (APCEA) launched the ‘APCEA Sustainable Development Report 2021’ during an event organized at the Chinese Embassy.The event was attended by over 100 participants and featur...
Read More »ECC Allows Import of 50,000MT of Urea from China on Urgent Basis
The Economic Coordination Committee (ECC) authorized the import of 50,000 Metric Ton (MT) of Urea on a Government-to-Government (GoG) basis from the People’s Republic of China on an immediate basis.The decision was made with the Federal Minister for Fi...
Read More »PTA Starts Application Process for Long Distance and International Licenses
Pakistan Telecommunication Authority (PTA) has started accepting applications for Long Distance and International (LDI) licenses for Pakistan with an application processing of $500.The initial license fee for the LDI license for Pakistan is $0.5 millio...
Read More »Rupee Holds Out Against the US Dollar Following IMF News
The Pakistani Rupee (PKR) held out against the US Dollar (USD) in the interbank market today. It appreciated by one paisa against the greenback after hitting an intra-day low of Rs. 176.75 against the latter during today’s open market session.It apprec...
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