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Bank accounts of non-filers not frozen, says FBR

ISLAMABAD: The Federal Bureau of Revenue (FBR) on Monday clarified that it had not issued any instructions about freezing of bank accounts held by non-filers of income tax returns. To allay the misconception stirred by a segment of print…

CDNS bags Best Financial Inclusion award

ISLAMABAD: The Central Directorate of National Savings (CDNS) has been awarded for Best Financial Inclusion, Pakistan-2018, by International Finance Magazine, UK. With an entrust to inculcate the habit of thrift among masses and as an…

Turkish Lira falls by 3% against US Dollar

ISTANBUL: Turkey’s battered lira weakened 3 percent on Friday after Turkish court rejected an American pastor’s appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention…

Dollar slips as China-U.S. trade worries ebb

NEW YORK: The dollar fell against a basket of peers on Friday, retreating from a 13-month high hit earlier this week, on lower demand for the safe-haven greenback and some profit-taking, as worries about trade tensions between Washington…

If Indian rupee slump persists, it can hurt Modi

NEW DELHI/MUMBAI: The rupee’s plunge to a record low has worried a wide cross-section of India’s society: companies, importers, those going on vacation and students planning to study overseas. But if the weakness persists, Prime Minister…