ISLAMABAD: A tax advisory firm has estimated that banks will have to pay an additional income tax of Rs197 billion on excessive lending to the federal government but the financial
ISLAMABAD: A tax advisory firm has estimated that banks will have to pay an additional income tax of Rs197 billion on excessive lending to the federal government but the financial
ISLAMABAD: Despite increased revenue, PTCL Group has reported a significant loss for the third quarter of 2024. The company’s loss surged to Rs6.3 billion for JulySeptember 2024, up from Rs2.3
The rupee has slightly increased against the USD and declines against euro and other major currencies, according to the latest exchange rates. The indicative buying rate for the US dollar
LAHORE: Business leaders have called for the establishment of a dedicated investment and trade development bank within the Shanghai Cooperation Organisation (SCO), aimed at facilitating transactions in local currencies. The
ISLAMABAD: Pakistan has failed to meet the International Monetary Fund’s (IMF) condition to collect Rs10 billion from traders under a new scheme in the first quarter of this fiscal year,
Roshan Digital Accounts (RDA) have surpassed a remittance volume of $8.749 billion for overseas Pakistanis. According to the State Bank, overseas Pakistanis have invested $1.532 billion through RDA, including $380
Gold prices in both the international and local markets have seen a minor increase. In the local gold markets, the price of 24-karat gold per tola increased by Rs200, reaching
ISLAMABAD: The government is likely to increase the price of high-speed diesel by up to Rs10.25 per litre in response to global oil price fluctuations, effective from October 16, 2024.
ISLAMABAD: Pakistan Sugar Mills Association (PSMA) on Saturday announced the beginning of new sugarcane crushing season from November 21 to ensure availability of sufficient stocks despite government’s permission for
Finance Minister Muhammad Aurangzeb has announced that there is tax fraud and evasion worth Rs3,400 billion in the country, and a major crackdown will be launched against sales tax evasion.