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Prime Minister Shehbaz Sharif Tuesday urged Japanese companies to take full advantage of the vast potential for investment in the automobile industry of Pakistan. The premier made these remarks during a meeting with a high-level Japanese business delegation in Islamabad, Radio Pakistan reported. The prime minister underscored the need to…

The five-member inquiry committee led by Secretary Finance Imdad Ullah Bosal to probe the Track and Trace System (TTS) has found the former FBR Chairman, Dr. Muhammad Ashfaq Ahmed, a former Member Inland Revenue Operations, and Project Director guilty of poor implementation of TTS. According to a statement issued by…

The Competition Commission of Pakistan (CCP) has advanced the merger application of Telenor Pakistan with PTCL to the next phase, granting the essential preliminary approvals required for the merger to proceed. As reported by ProPakistani, the proposed merger between Telenor and PTCL has successfully passed the initial review by the…

The Economic Coordination Committee (ECC) of the cabinet Tuesday gave approval to increase the wheat procurement target for PASSCO from 1.40 to 1.80 MMT along with the required Cash Credit Limit for the purchase of additional quantity. The meeting, chaired by Finance Minister Muhammad Aurangzeb, also reviewed and approved a…

The Pakistani rupee reversed yesterday's losses against the US Dollar today after opening trade at 278 in the interbank market. It was largely stable before closing in green against the greenback and most of the other major currencies today. The interbank rate stayed at 278 most of the day before…

The International Monetary Fund (IMF) wants Pakistan to tax Rs. 1.3 trillion more next fiscal year, massively raising the Federal Board of Revenue's (FBR) annual revenue target to Rs. 12.3 trillion. IMF wants the authorities to collect half of these additional taxes from the salaried class and businesses, reported Express…

The future of smartphone innovation has arrived with the first sale of vivo Y100, now available for purchase across Pakistan at PKR 59,999. This latest addition to the renowned Y series offers an exceptional fusion of experience, utility, and performance. Y100 showcases a striking design that effortlessly merges style and…

Ambassador of Kazakhstan to Pakistan Yerzhan Kistafin called on Minister of State for IT and Telecommunication Shaza Fatima Khawaja in her office on Tuesday. The two sides exchanged views on enhancing collaboration in the field of IT and telecom. The minister said that Pakistan wanted to boost ties with Kazakhstan…

Citi Pharma Limited (PSX: CPHL) has entered into a joint venture with Hangzhou Newsea Technology Co., Ltd, a big player in the pharmaceutical industry in China, CPHL informed the main bourse on Tuesday. The filing explained that the joint venture (JV) is expected to generate an annual turnover of more…

Pakistan's tax-to-GDP ratio will be increased to 13-14 percent in the next four years but pensions remain a 'big liability' and massive reforms are needed to overcome this burden, Finance Minister Muhammad Aurangzeb said in a press briefing on Tuesday. Talking to reporters alongside Information Minister Attaullah Tarar and Law…

The price of gold in Pakistan fell by Rs. 500 per tola on Tuesday to settle at Rs. 240,000. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) fell by Rs. 500 per tola to Rs. 240,000, while the price of 10 grams registered…

The federal government is planning to withdraw sales and income tax exemptions for FATA/PATA areas. Sources told ProPakistani that the Federal Board of Revenue (FBR) has prepared tax proposals for the next fiscal year budget, and there are chances that the Chairman Federal Board of Revenue will brief the finance…