The State Bank of Pakistan (SBP) has categorically rejected social media rumors which claimed that the central bank is planning to introduce new designs of currency notes.Terming such reports as ‘fake,’ SBP clarified that no proposal to replace the cur…
National Electric Power Regulatory Authority (NEPRA) has issued a notification to increase electricity cost with reference to fuel price adjustment for September 2021.The hearing was conducted by the authority in the last week of October as the Central…
The military-run Special Communication Organization (SCO) has warned that delaying the execution of the Pak-China Optic Fiber Cable (OFC) Phase-II project will result in an escalation of costs and other associated complications.The scope of the project…
The Pakistani Rupee (PKR) has posted losses against the US Dollar (USD) for the second time this week as the local unit deteriorated by Rs. 1.12 against the greenback in the interbank currency market today.It depreciated by 0.65 percent from yesterday’…
The Asian Development Bank (ADB) is planning to provide about US$ 10 billion to Pakistan as fresh assistance in various development projects, particularly in the sectors of urban services, disaster risk reduction, and policy-based programs, in the next…
The Asian Development Bank (ADB) is likely to approve a $600 million program for Pakistan in the first week of December to carry out social protection projects.This was revealed by Director-General Central and West Asia Department, ADB, Eugenue Zhukov,…
The Federal Board of Revenue (FBR) has announced to incentivize submission of timely, quality reports by Inquiry Officers while proclaiming a punitive regime for the Inquiry Officers who fail to file inquires on time.According to documents available wi…
The Federal Board of Revenue (FBR) has estimated that approximately 25 percent of the companies in Pakistan are zombie firms involved in tax evasion due to persistently declaring losses.An FBR report on “Zombie Firms in Pakistan and Tax Revenue Drag” e…
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