State Bank of Pakistan (SBP) refuted reports suggesting that bank deposits exceeding Rs. 500,000 within the Pakistani banking system are at risk.
Once again, Pakistan State Oil (PSO) has halted the supply of fuel to Pakistan International Airlines (PIA) due to outstanding debts, causing multiple PIA flights to experience delays at Lahore airport.
The YBR 125, a well-known commuter motorcycle introduced by Yamaha in 2015, still maintains its dominance on the roads
The World Bank has suggested that Pakistan should initiate taxation on monthly salaries below Rs50,000 and further lower the income threshold for imposing the highest income tax rate of 35% on salaried individuals, which currently stands at Rs500,000 per month.
The World Bank has raised significant concerns about Pakistan’s sales tax system, highlighting that it offers preferential rates below the standard 18 percent for specific products and sectors.
In a significant move, Pakistan’s Caretaker Interior Minister, Sarfraz Bugti, recently announced a major crackdown against illegal immigrants, with a particular focus on Afghan nationals residing in the country without valid passports and visas.
In an impressive streak of performance, the Pakistani currency has reached its highest value in nearly three months, just shy of Rs286 against the US dollar in the interbank market on Tuesday. T
Bank Alfalah Limited (PSX: BAFL) has unveiled its plans to establish an Exchange Company with an initial paid-up capital of Rs. 2,000 million, as confirmed in a disclosure to the Pakistan Stock Exchange on Tuesday.
In a significant development, the Federal Board of Revenue (FBR) has reported a substantial increase in refunds disbursed during September 2023 compared to the previous year, signaling a significant improvement in the tax collection and refund distribution system.
In September 2023, Pakistan experienced a 12 percent decline in its textile exports compared to the same month in the previous fiscal year, with the total standing at $1.35 billion as opposed to the $1.53 billion reported earlier.
Rizwan Ata has assumed the role of President and CEO at BankIslami, one of Pakistan’s prominent Islamic financial institutions. Ata’s appointment is backed by his extensive experience and profound knowledge of the Islamic banking sector.
The Federal Investigation Agency (FIA) has officially filed a First Information Report (FIR) against Pakistani businessmen on charges of deceiving a Chinese investor.
