Economy

Senate Chairman Urges Saudi Businessmen to Invest in Pakistan

Chairman Senate Muhammad Sadiq Sanjrani in his meeting with the Chairman of Shura Council of Saudi Arabia on Thursday urged the Saudi businessmen to take advantage of the investment-friendly opportunities in Pakistan.A high-profile parliamentary delega…

Economy

SBP Responds to FIA Crackdown on Credit Cards Used for Cryptocurrency Trading

The State Bank of Pakistan (SBP) has stated that the Federal Investigation Agency (FIA) is the appropriate authority to investigate illegal transactions in cryptocurrencies.Responding to queries raised by ProPakistani, an SBP spokesperson said in case …

Economy

Fully Functional FGPMA Necessary for Best Utilization of Govt’s Assets: Adviser

Adviser to the Prime Minister on Finance and Revenue Shaukat Tarin held a meeting with Special Assistant to the Prime Minister (SAPM) on E-Commerce Senator Aun Abass Buppi at Finance Division on Thursday.Senator Buppi extended congratulations to the ad…

Economy

FBR Exempts Custom Duty on Import of 9 Items from Afghanistan

The Federal Board of Revenue (FBR) has exempted customs duty on the import of nine items including coal, marble, sulphur and containers from Afghanistan.The FBR has also exempted regulatory duty on the import of marble and reduced regulatory duty on im…

Economy

SBP’s Forex Reserves Plunge by $415 Million Due to Rising External Debt

The foreign reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $415 million (2.2 percent) to $18.15 billion, mainly due to external debt repayments.According to the data released by the State Bank of Pakistan (SBP), the foreign ex…

Economy

PAC Unhappy With Finance Ministry’s Handling of COVID-19 Relief Fund

The Public Accounts Committee (PAC) voiced its concerns regarding the Finance Ministry’s briefing on the Rs. 1,240 billion COVID-19 relief package, on Wednesday, after the ministry reportedly failed to satisfy the committee.During an audit briefing of …