Pakistan Customs (FBR) has seized smuggled goods worth more than Rs. 10 Million at Torkhan Border.As per details received, a vehicle bearing registration No KAB 465 entered Pakistan through Customs Station at Torkham Border, apparently loaded with yam….
Microfinance Banks Are Struggling to Recover Loans
A majority of microfinance banks are struggling to recover loans of significant value after the Covid-19 pandemic and lockdowns hit businesses and the financial capability of their clients across the country.In the last two years, various indicators of…
Pakistan Will “Soon” Receive Over $2 Billion in Funds Through IMF, Sukuk And Eurobonds
Pakistan is expected to receive more than $2 billion from various sources within the next one and a half months.The sources include funds from the International Monetary Fund (IMF), the new Sukuk, and Eurobonds issues.Reliable sources from within the S…
Cabinet Approves Extension in SECP Chairman’s Service for Another Term
The federal cabinet has approved extension in service of Chairman Securities and Exchange Commission of Pakistan (SECP) Aamir Khan for another three years.This is the first in the history of SECP that a sitting chairman has been awarded an extension. P…
Imported Tire Prices Witness a 25% Increase in 2021
The prices of imported goods have risen at an exponential rate due to the plummeting value of the local currency. A recent report from Dawn has revealed that the prices of imported tires have surged by a massive 25 percent since January.The prices of B…
Police arrest six more main accused in Sialkot incident
Police have arrested six more main accused in connection with the Sialkot incident, while more raids are being carried out to arrest the remaining culprits.According to a spokesman of Punjab Police, the accused were identified in the videos torturing t…
Federal Tax Ombudsman Orders FBR to Audit Steel Melters
The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a special audit into cases of steel melters.A handout states that the FTO, exercising its own motion powers under section 9(1) of the Federal Tax Ombudsman Ordin…
Govt Announces Rs. 5 Million Reward for Information About Urea Hoarders
The government has announced that a reward of Rs. 5million for any person who can provide “credible” and “actionable” information about the 343,000 metric tons of urea that has anonymously disappeared from the market, reported a national daily.The anno…