ISLAMABAD: The Supreme Court of Pakistan was informed on Tuesday that no tax is being deducted on recharging of mobile cards of less than Rs 500. Attorney General of Pakistan Anwar Mansoor made this statement during the court hearing today. Chief Justice of Pakistan (CJP) Mian Saqib Nisar asked the attorney general about legislation to do away with surplux tax on mobile cards recharging. In his reply, the AG requested some time for materialization of the legal cover to prevent imposition of taxes on mobile cards.…
LAHORE: Chairman Pakistan Cricket Board (PCB) Najam Sethi on Sunday gave the Army and government credit for successfully holding the third and final Twenty20 International match between Pakistan and Sri Lanka in Lahore. “All thanks to Allah (SWT). Prayers of Pakistani people were answered today. It was a historic day for us as this match will pave way for other teams also to Pakistan,” he said exclusively talking to ARY News after Shoaib Malik-inspired Pakistan clean swept three-match T20 series against Sri Lanka in…
LONDON: Ratings agency Moody's said Britain's creditworthiness was now at greater risk after voting to leave the European Union, as the country would face substantial challenges to successfully negotiate its exit from the bloc.
KARACHI: State Bank of Pakistan (SBP) on Saturday announced its new monetary policy in which it was stated that the interest rate will remain unchanged at 6.0 percent.
KARACHI: The United States Agency for International Development (USAID) and Securities and Exchange Commission of Pakistan (SECP) hosted a three-day conference on non-banking finance and capital markets in Karachi which was attended by financial sector experts, government officials and business representatives.
ANKARA: Financial leaders from the world's 20 biggest economies agreed on Saturday to step up reform efforts to boost disappointingly slow growth, saying reliance on ultra-low interest rates would not be enough to accelerate economic expansion.
ISLAMABAD: Credit guarantees are gaining traction in Islamic finance, helping a wider range of firms to tap the market for sharia-compliant debt, which remains stubbornly reliant on sovereign and quasi-sovereign issuers.
ISLAMABAD: Pakistan's ongoing fuel shortage that has led to worsening power blackouts is weighing on its credit worthiness and hindering its ability to meet key reform targets laid out by the IMF, ratings agency Moody's warned Monday.