Shakeel Ahmed

PM Imran Khan to visit China on November 3

He will meet Chinese president and prime minister

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IMF may seek details of Chinese debt before processing Pakistan’s bailout request

An IMF team will visit Islamabad to discuss support program

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FATF wants all dollar, euro transactions above $3,000 to be documented

The team wants the government to maintain records of all transactions, even ones not done through banks

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PM Khan gives green signal to seek IMF bailout package

We’ll have to take tough decisions, says Asad Umar

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FATF delegation to visit Pakistan in October

The FATF placed Pakistan on its grey list earlier this year

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IMF team to visit Pakistan this week

US worried any IMF bailout to repay Chinese loans

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CPEC: Pakistan to establish special economic zones in Gwadar

Railways’ Main Line-1 project will be given priority

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Petrol, high speed diesel and furnace oil are cheaper now

High speed diesel will cost Rs6.37 less per litre than before. It now costs Rs106.57 per litre

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The foreign ministry says Pakistanis begging in Saudi Arabia are ruining the country’s image

Pakistani citizens are travelling to Jeddah, Riyadh, Mecca and Medina and are especially active in the months of Ramazan and Zilhaj, said the ministry

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Pakistan should manufacture cellphones, says PTI senator

Pakistan should manufacture cell phones to save $1 billion the country spends annually on the import of mobile devices, Senator Shibli Faraz of the PTI said in Tuesday. The senator heads a special committee of the Senate on circular debt. “Pakistan spends $1 billion annually on the import of mobile phones. This is a luxury….

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The FBR is going after tax evaders with assets abroad

If you have assets abroad that you haven’t declared and didn’t avail the FBR’s tax amnesty scheme then you’re in trouble. The FBR is going to take action against people with undeclared assets abroad and tax evaders within Pakistan. The FBR had introduced the tax amnesty scheme to widen the tax net. As part of…

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Electricity supply improved for ‘political gains’ ahead of the election, says Senator Shibli Faraz

Smooth supply of electricity was ensured ahead of the election for ‘political gains’, said Senator Shibli Faraz

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Zardari aide Hussain Lawai arrested in ‘Sindh’s biggest money laundering scam’

The Federal Investigation Agency (FIA) arrested on Friday PPP Co-Chairperson Asif Ali Zardari’s aide Hussain Lawai in a money laundering scam. Lawai is the chairperson of the Pakistan Stock Exchange and head of Summit Bank. Twenty-nine accounts belonging to seven people have been used to launder around Rs25 billion in Sindh, according to the FIA,…

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You have one more month to declare foreign assets without any penalties

The president has extended the tax amnesty scheme for another month, so Pakistanis now have until July 31 to declare foreign assets without any penalties. The move is an opportunity to increase the tax received by the Federal Board of Revenue (FBR). President Mamnoon Hussain extended the scheme on the request of the interim finance…

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No tax on mobile phone top-ups, at least for now

Cell phone users in Pakistan will continue to enjoy 100 percent tax-free mobile credit until cellular networks come up with a tax deduction mechanism. The good news came on Thursday just three hours before the deadline that the Supreme Court had set for telcos to find an alternative tax collection mechanism. According to our correspondent,…

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Pakistan placed on FATF grey list

The Financial Action Task Force (FATF) placed Pakistan on its grey list after a meeting in Paris on Wednesday. Pakistan remained on the FATF grey list between 2012 and 2015. On Wednesday, the anti-terror financing body decided to place Pakistan on the list once again despite diplomatic efforts. Interim Finance Minister Shamshad Akhter went to…

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Post-mortem: Pakistan’s alarming export decline in PML-N govt

Report by: Shakeel Ahmed Nawaz Sharif had claimed that Pakistan will soon become ‘Asian Tiger’; however, at end of his five-year government, the situation is quite different, as the country’s economy is struggling. It is dragged down by the sharp decline in export in almost all sectors. Watch this report…

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