The International Monetary Fund (IMF) has projected Pakistan’s GDP growth rate at 4 percent for 2022 against 5.6 percent in 2021 and projected a rise in inflation from 8.9 percent in 2021 to 11.2 percent in 2022. IMF in its latest report “World Economic Outlook (WEO), War sets back the global recovery” has projected GDP …
IMF Forecast: Pakistan’s GDP Growth, Inflation & Unemployment Read More »
The Federal Board of Revenue (FBR) has constituted a high-level committee for the resolution of issues of pharmaceutical companies in the country. According to the FBR, the “Issues Resolution Committee” has been formed, headed by Chief Commissioner Inland Revenue Large Taxpayers Office, Karachi. Sixteen other officers of the FBR are also members of the committee. …
Scammers target people of all backgrounds, ages, and income levels by creating believable schemes that may convince one to give them money or personal details. Scammers will go to great lengths to convince a person that a fortune awaits if one follows their instructions, but there are several ways to avoid such mishaps. You may …
The government is working on setting up a regulatory body for the country’s housing finance market which is experiencing an accelerated growth and is currently regulated by the State bank of Pakistan (SBP). In this regard, Finance Minister Shaukat Tarin while unveiling the economic plan for sustainable growth earlier this week revealed that the regulatory authority …
Housing Finance Market Regulatory Body in Making Read More »
Engro Corporation said on Wednesday it will enhance its total equity investment in the telecom infrastructure vertical to Rs21.5 billion. According to a regulatory filing on the Pakistan Stock Exchange, the holding company will make this investment in its wholly-owned subsidiary Engro Connect, which will serve as a platform for the conglomerate’s initiatives in the …
Engro to Inject Rs14bn in Telecom Infrastructure Read More »
The Securities and Exchange Commission of Pakistan (SECP) has introduced major capital market reforms featuring legal, structural, regulatory, operational, and product development initiatives for a robust and transparent capital market in the country. According to the details, the SECP’s capital market reforms are focused to ensure the provision of a complete eco-system desirable for capital …
The Federal Board of Revenue (FBR) has made it mandatory for the importers to submit ‘certificates of origin’ of shipments originating from the United Arab Emirates (UAE) and China excluding imports under the preferential trade agreement (PTA) and Free Trade Agreement (FTA) regime. FBR has made draft amendments to the Customs Rules 2001 by issuing …
FBR Makes It Compulsory for Importers to Submit Certificates of Origin Read More »
PayPal will allow customers in the UK to buy, sell and hold bitcoin and other cryptocurrencies starting this week, the company said on Monday. The roll-out, which marks the first international expansion of PayPal’s cryptocurrencies services outside of the United States, could inspire further mainstream adoption of the new asset class. With over 403 million …