Business

FBR’s policymaking role assigned to new tax office

FBR’s policymaking role assigned to new tax office

ISLAMABAD: The government has withdrawn key power of tax policymaking from the Federal Board of Revenue (FBR), fulfilling one of…
Gold prices see sharp decline in Pakistan

Gold prices see sharp decline in Pakistan

KARACHI: Gold prices witnessed significant decline in Pakistan amid dropping global rates on Saturday. According to All Pakistan Gems and…
EU Commission vows to react firmly and immediately to Trump’s tariffs

EU Commission vows to react firmly and immediately to Trump’s tariffs

BRUSSELS: The European Union’s executive branch on Friday vowed to “take firm and immediate action” against U.S. President Donald Trump’s…
Petrol price likely to be slashed by Rs2.49 per litre in upcoming review

Petrol price likely to be slashed by Rs2.49 per litre in upcoming review

ISLAMABAD: Petroleum product prices are likely to drop significantly for the next fortnight starting Sunday (February 16, 2025), as authorities…
Govt meets IMF condition with approval of civil servants’ asset declaration law

Govt meets IMF condition with approval of civil servants’ asset declaration law

ISLAMABAD: The federal government has met another IMF condition by approving a law requiring civil servants to declare their assets.…
IFC chief’s visit sparks hopes for $20bn private sector boost

IFC chief’s visit sparks hopes for $20bn private sector boost

International Finance Corporation (IFC) Managing Director Mukhtar Diop is arriving today (Friday) in Islamabad, marking the first high-level IFC delegation’s…
Faisal Nisar Chaudhry appointed new MD Utility Stores Corporation

Faisal Nisar Chaudhry appointed new MD Utility Stores Corporation

ISLAMABAD: The Pakistan government has replaced the managing director (MD) of Utility Stores Corporation, it was reported on Friday. As…
Petroleum prices likely to drop from Feb 15

Petroleum prices likely to drop from Feb 15

A major reduction in petroleum prices is expected from mid-February, with rates anticipated to decrease by up to PKR 9…
Brazil backs out of BRICS currency push, but aims to cut dollar dependence

Brazil backs out of BRICS currency push, but aims to cut dollar dependence

Brazil’s BRICS presidency this year will not advance a common currency for the group of major developing economies this year,…
Oil set to snap three-week losing streak amid rising fuel demand

Oil set to snap three-week losing streak amid rising fuel demand

Oil prices rose in early trade on Friday, set to snap a three-week losing streak, amid rising fuel demand and…
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