Business

ISLAMABAD: The Federal Board of Revenue (FBR) clarifies in a press release that Government has not revised rates or limits for tax on cash withdrawal from bank account. The Federal Government has not revised rates or limits for tax on cash withdrawal from bank accounts under section 231A and on...

ISLAMABAD: In order to boost investment in the country, measures were introduced through the Finance Supplementary (Second Amendment) Bill, 2019. In furthering the policy of encouraging investment, various measures were intensively discussed with stakeholders after presentation of the Finance Supplementary (Second Amendment) Bill, 2019 in the House. The Senate of...

KARACHI: Yamaha Motors Pakistan has issued a notification of price hike of YBR125G, YB125Z and YBR125 Motorbikes with effective from March 1st, 2019. According to Official notification released by Yamaha Motor Pakistan Suggested retail price as followed Yamaha YB125Z Rs. 127,500/- Yamaha YBR125G Rs. 149,500/- Yamaha YBR125 Rs. 144,500/- YAMAHA...

ISLAMABAD: Saudia Arabia and Pakistan signed 7 agreements and MoUs yesterday, A new beginning of Socio-economic partnership will lead to shared prosperity, regional stability and mutual respect based on long term investment, strategic and social ties. According to the details released by Pakistan Information Department (PID) Investment plan is divided into...

ISLAMABAD: Government’s policy measures have resulted in shrinking of trade deficit, decline in imports and increase in exports which augurs well for overall balance of payment of the country. The trade deficit that stood at US$ 17.7 Billion in July- December 2017 has shrunk by 5% to US$16.8 Billion in...

KARACHI: Pak Suzuki Motor Company Ltd (PSMCL) made the first increase of this new year, The new prices will be effective from January 1st, 2019. The Price of the most popular car Suzuki Mehran VXR jumps Rs 20,000/- from Rs 840,000/- to Rs 860,000/- said to be discontinued in April...

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has signed an agreement for PKR 4 Billion Unsecured Subordinated Debt Facility (Tier 2 capital) with U Microfinance Bank (U Bank), which is a wholly owned subsidiary of PTCL. This capital injection will enable the bank to further capitalize on the growth opportunities possible...

A short report on Economic indicators of Pakistan 2018, It is important to understand the economic situation of the country.  Prime Minister Imran Khan said all the economic indicators showing positivity, As Pakistan has entered in the phase of emerging economy. “Had the economic situation been really bad, there would...

CAIRO: Dubai based ride-hailing company Careem has launched a bus-booking service in Egypt.  Careem has planned to expand the same service in Saudia Arabia and Pakistan.  Bus-Booking - Users of the Careem application will be able to Book a Bus like other services offered by Careem app.  Read More: Careem responds...

KARACHI: Yamaha Motors Pakistan has revised the prices of  YB125Z, YBR 125 & YBR-G 125 motorbikes effective from 14th December 2018. It's the 3rd time in a year when Yamaha Motors Pakistan has revised the prices due to Pakistani Rupee devaluation against US Dollar.  Yamaha Motor Pakistan Price List According...

ISLAMABAD: Finance Minister Asad Umar addressed 11th South Asia Economic Summit organized by Sustainable Development Policy Institute in Islamabad.  "The Current account deficit is also being overcome gradually, Economic indicators improving with exports witnessing upward trend – Finance Minister Asad. Read More:SBP Monetary Policy Statement The Government is successfully overcoming all...

KARACHI: The State Bank of Pakistan (SBP) has released the Monetary Policy statement on 30th November, 2018. The economic data released since the last Monetary Policy Committee meeting in September 2018 shows that the positive impact of recent stabilization measures has started to materialize gradually. Particularly, the current account deficit...