FBR Mandates Buyers to show CNIC on purchases over PKR 50,000
FBR issued a sales tax notification mandating the buyers to show their Computer National Identity Card (CNIC) on purchases over PKR 50,000 from a sales tax registered person.
Pakistan’s exports expected to increase: IMF
The International Monetary Fund (IMF) has projected that Pakistan’s exports will increase to US $ 36.7 billion in five years by the year 2023-24.
SECP notifies Collateral Management Companies Regulations, 2019
SECP has notified Collateral Management Companies (CMC) Regulations, 2019 under the Companies Act, 2017 to promote warehouse receipt financing and electronic trading of agricultural commodities. Under these Regulations, any public limited company with a...
Asian Development Bank introduces contingent disaster financing
The Asian Development Bank (ADB) has introduced a new financing mechanism—contingent disaster financing (CDF)—to support its developing member countries in strengthening disaster preparedness and provide quick-disbursing budget support following natural disasters.
“CDF will provide...
SBP data shows Growth in Pakistan’s Textile Industry
The textile group exports from the country during July-June (2018-19) were recorded at US $13553.153 million against the export of US $ 13376.780 million.
IFC invests $2.5 million in Tech startup Sarmayacar
The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first early-stage venture capital funds supporting tech-driven startups in Pakistan, to help boost...
Boost in Pakistan Agricultural machinery imports
Agriculture Machinery imports into the country during financial year ended on June 30, 2019 witnessed about 8.73% increase as compared the imports of the corresponding period of last year.
According the data of Pakistan Bureau...
Pakistan Artificial Jewellery exports drops to 16.86pc
The exports of artificial jewellery from the country witnessed decrease of 16.86 percent during the financial year (2018-19) as compared to the corresponding period of last year.
The artificial Jewellery exports from the country during...
Dutch oil company, Royal Vopak is to invest $ 2.8 billion in Pakistan
The world famous Dutch oil company, Royal Vopak is going to invest $ 2.8 billion in Pakistan due to improved investment regime and conducive business environment being provided by the government.
A delegation of Royal...
North Shore Medical Labs USA to invest US$ 40 mln in Pakistan’s healthcare
The North Shore had invested US$ 10 million on the project, which was underwritten by the US government.
