Railways’ Main Line-1 project will be given priority

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

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

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….

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…

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

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,…

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…

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,…

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…

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…