FBR cracks down on officers over corruption in smuggled vehicle auction
The Federal Board of Revenue (FBR) has admitted corruption within its ranks and taken strict action after uncovering large-scale misuse of its digital Auction…
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Business
Updates on Pakistan’s economy, trade, markets, finance, entrepreneurship, and global business trends
SBP set to legalize crypto in Pakistan
The State Bank of Pakistan (SBP) has announced plans to lift its advisory against cryptocurrencies, paving the way for a regulated framework through the Virtual…
5G auction set for December in Pakistan
ISLAMABAD: Pakistan’s long-delayed 5G spectrum auction will finally be completed by December 2025, as per directives from Prime Minister Shehbaz Sharif. The…
Gold price hits all-time high in Pakistan, soars to Rs. 376,700 per tola
KARACHI: Gold prices continued their record-breaking streak on Wednesday, touching new all-time highs in both domestic and global markets.
According to the…
Pakistan’s trade deficit widens 29% to $6 billion as exports stagnate, imports jump
ISLAMABAD: Pakistan’s trade deficit surged 29% to $6 billion in the first two months of the ongoing fiscal year, fueled by stagnant exports and a sharp rise in…
PSX rally continues as KSE-100 index surges past 152,000 mark in intra-day trade
KARACHI – The Pakistan Stock Exchange (PSX) extended its bullish momentum on Wednesday, with the benchmark KSE-100 index climbing 1,317.85 points (0.87%) to…
Loan apps trap Pakistanis with 1800% interest and data theft
The Senate Standing Committee on Information Technology and Telecommunications, chaired by Senator Palwasha Khan, has uncovered shocking details about predatory…
SECP tightens rules for digital AMCs
The Securities and Exchange Commission of Pakistan (SECP) has introduced a new regulatory framework for Digital Asset Management Services (DAMS), tightening…
State Bank shuts down Money Masters Currency Exchange
Karachi, September 2: The State Bank of Pakistan (SBP) has revoked the authorization of Money Masters Currency Exchange Company (Pvt.) Limited, citing “serious…
FBR misses revenue target by Rs65b amid weak enforcement and slowdown in power, industry
ISLAMABAD: The Federal Board of Revenue (FBR) has fallen short of its monthly revenue target by Rs65 billion, reflecting weak enforcement, reduced industrial…