Economy

Habib Bank and China Machinery Engineering Pen MoU on Agriculture

A Memorandum of Understanding (MoU) between Habib Bank Limited (HBL) and China Machinery Engineering Corporation (CMEC) on Agricultural Cooperation was signed towards the end of the CPEC Industrial Cooperation B2B Investment Conference in Lahore.Federa…

Economy

Rupee Breaks Its Own Record Against Dollar Again Despite Good News from the US

The Pakistani Rupee (PKR) fell to another new all-time low against the US Dollar (USD) and depreciated by 10 paisas against the greenback in the interbank market today. It hit an intra-day low of Rs. 178.57 against the USD during today’s open market se…

Economy

FBR Ordered to Automate Baggage Processing for Transparency

In a bid to restore the confidence of taxpayers in the tax system and to ensure transparency and quick processing of the consignments, the office of the Federal Tax Ombudsman (FTO) has been consistently taking measures to eliminate maladministration an…

Economy

Fakhar Imam Highlights Govt’s Initiatives to Address All Pillars of Food Security

Federal Minister of National Food Security and Research, Syed Fakhar Imam, addressed a workshop organized by Islamic Organization for Food Security (IOFS) on “OIC Country Experience in Food Security Governance for Strengthening South-South Cooperation”…

Economy

FBR Automation Important for Taxpayers’ Facilitation: Shaukat Tarin

Advisor to the Prime Minister on Finance and Revenue, Shaukat Tarin, emphasized the significance of Automation of processes at the Federal Board of Revenue (FBR) and deemed it crucial in facilitating taxpayers.He made these remarks while chairing a mee…

Economy

FBR Rebuts News Story on Tax Collection

The Federal Board of Revenue (FBR) has taken a strong exception to a news story captioned “Tax Collection on Demand falls 41%” published in Express Tribune on December 19, 2021.In a media release, the FBR called the story “malicious in intent and suspi…