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Friday, June 23, 2017

PSO becomes partner with Telenor to provide branchless banking

Country's largest oil marketing company, Pakistan State Oil Company (PSO), has partnered with Telenor Pakistan, premier digital and mobile financial services provider of Pakistan, to offer branchless banking services...

FBR may fall short of Rs100bln against annual tax target

The Federal Board of Revenue (FBR) is likely to face Rs100 billion in revenue loss as compared to the tax target set for the outgoing fiscal year, officials said...

‘Tampering with record’ – SC asks FIA to investigate JIT charge against SECP chief

The Supreme Court on Monday issued directives to Federal Investigation Agency to investigate the charges of Joint Investigation Team (JIT) against Chairman Securities and Exchange Commission of Pakistan (SECP)...

Further tax imposed on zero-rated supplies to unregistered Persons

The Federal Board of Revenue (FBR) on Saturday said that one percent further tax has only been imposed on supplies of zero-rated sales tax to unregistered persons. Rehmatullah Khan Wazir,...

Tackling power crisis may cost govt dearly

The government may be heading towards a series of liquidity damages and swelling capacity payments as it works towards ending power cuts by the end of the year. Official documents...
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Trump seen hardening stance on Pakistan

President Donald Trump's administration appears ready to harden its approach toward Pakistan, US officials tell Reuters. Potential Trump administration responses being discussed include expanding...

Textile, clothing exports decline 12.24 percent in May

Pakistan's textile and clothing exports have declined 12.24 per cent to $ 938.589 million in May 2017 from $ 1.069 billion for the same...

China Stocks Win MSCI Inclusion as Early Market Reaction Muted

Chinese stocks were little moved by MSCI Inc.’s decision to add them to its benchmark indexes, as investors weighed the symbolic importance of inclusion against...