The Senate Standing Committee on Finance and Revenue on Tuesday rejected the government plan to charge sales tax on the basis of the printed retail price of sugar.The meeting of the Senate committee was held under the chair of Senator Talha Mahmood on …
Pakistani Rupee Undergoes Massive Losses Against All Currencies
The Pakistani Rupee’s (PKR) posted notable back-to-back losses against the US Dollar (USD) this week, crossing the Rs. 156 exchange rate on Monday and deepening the losses today (Tuesday, 15 June).The PKR closed at Rs. 156.78 against the USD at the end…
Here’s How New Budget Proposals Could Kill E-Commerce Businesses In Pakistan
Opportunities have arisen in the times when the world was suffering from the COVID-19 pandemic. Many companies started downsizing by facing a severe cash flow issue. People around the world explored the options of eCommerce where online marketplaces pr…
FBR Ordered To Increase Integration of Point of Sale System
Minister for Finance & Revenue, Shaukat Fayaz Ahmed Tarin, visited the Federal Bureau of Revenue (FBR) headquarters today and held a meeting with the officers. The meeting’s main purpose was to devise a strategy to increase the integration …
Foreign Investors Appreciate SBP’s Remittance Process: Survey
The Overseas Investors Chamber of Commerce and Industry (OICCI) members have appreciated the significant improvement in the FX remittance processing time and growing engagement of the State Bank of Pakistan leadership with the key stakeholders.OICCI re…
UBL to Shut Down Its Subsidiary in Switzerland
United Bank Limited (UBL) continues to scale back its international operations as part of its global realignment strategy in phases, and now plans to voluntarily wind up its wholly-owned subsidiary UBL (Switzerland) AG.This decision is in line with UBL…