Business

M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) Patoki MTO has stolen over Rs 70.5 million cash which was to be uploaded in a nearby Automated Teller Machines (ATMs) and run away, officials sources told Daily The Business on Friday. Sources said that the HBL MTO Fiaz Ahmad slipped away with the cash of over Rs 70.5 million which was to be…

Our Special Correspondent LAHORE: State Bank of Pakistan (SBP) in collaboration with Pakistan Banks Association (PBA) has announced a comprehensive relief…

Our Special Correspondent Lahore: The State Bank of Pakistan (SBP) has allowed all federal and provincial government departments, hospitals in public and…

M jahangir Hayat LAHORE: The State Bank of Pakistan Monetory Policy Committee (MPC) has decided to cut the policy rate by a further 150 basis points to 11 percent which brings the cumulative easing over the past one week to 225 basis points. At its last meeting on 17thMarch 2020, the Monetary Policy Committee (MPC) noted considerable…

Our Special Correspondent LAHORE: SBP held a meeting with banks today,through link, to assess their readiness to SBP takes measures to ensure continuous…

Bank increases provision for NPLs to Rs 45.12 billion from Rs 43.53 billion in 2018 By M Jahangir Hayat LAHORE: The Bank of Punjab (BoP) mounting Non-…

Our Special Correspondent LAHORE : In light of the pandemic faced by the whole nation Punjab Industrial Estates Development & Management Company (PIEDMC) has initiated a campaign in which hand sanitizers will be placed in all the factories and compulsory handwashing will implemented before entering the premises to safeguard the workers,…

Our Special Correspondent LAHORE: To protect internal and external stakeholders, JS Bank has implemented a business continuity plan to fight the spread of…

M Jahangir Hayat LAHORE: In the wake of the time when Habib Bank Limited (HBL) has announced to complete its US New York operation by March 31, 2020, losing…

Our Special Correspondent Lahore: With an aim to reshape Pakistan’s automobile industry, Regal Automobiles Industries Limited (RAIL), launched Pakistan’s most affordable hatchback, the Prince Pearl, on 31st January 2020. The car was launched in an exclusive event at a local hotel. Governor Punjab, high profile dignitaries and elite of the city…

 Our Special Correspondent LAHORE: The Federal Board of Revenue (FBR), has released the information about the number of Point of Sales integrated with the…

With industrial sector under stress, demand for imported raw-material is expected to stay low M Jahangir Hayat LAHORE: In view of major developments in the…

By Our  Staff Reporter LAHORE: Grade 21 Officer Captain (R) Javed Akbar is said to be the Senior Member Board of Revenue. Javed Akbar is currently posted in Islamabad. Akbar has been super-ceded for some reason and will be retiring this year. After former SMBR Babar Hayat Tarar left for Islamabad the seat was vacant. Another grade…

Failure in implementation of policies caused economic downturn; immense opportunities are untapped for women in business especially fashion, cosmetics and…

M Jahangir Hayat LAHORE: A fundamental change will be there to see on the World Customs Day this Sunday as the Federal Board of Revenue (FBR) has ordered…

M Jahangir Hayat LAHORE: Summit Bank Limited (SMBL) has sought its removal of placement from the defaulter's segment in Pakistan Stocks Exchange (PSX). The Bank in a letter to the stocks exchange submitted to the exchange that it is with reference to PSX notice no. PSX/N-66 dated January 16, 2020 and earlier correspondences held on the matter…

Will he be able to pass the F&T of SBP? M Jahangir Hayat LAHORE: The Punjab government has announced appointment of Atif Bajwa as the president of…

M Jahangir Hayat The Calendar Year 2019 has proved the toughest year for the economy of the country as all section of the society remained complaining about…

Amendments related to purchases in business income tax returns be implemented at earliest, FBR chief urged. Our Special Correspondent LAHORE: The condition of CNIC is adding up tensions for sales tax registered suppliers, and it goes without saying that all the legal formalities are for those who are in the tax net and who are more…

Habib Bank Limited is at top of list among banks, MCB Bank comes second M Jahangir Hayat LAHORE: The State Bank of Pakistan (SBP) imposed staggering over…

Our Special correspondent  Lahore:  FBR’s Helpline does not only educate the public but also provides them a forum through which the public can put forward…

M Jahangir Hayat LAHORE: The issues of  as under-invoicing and smuggling are big challenges for the economy. Change in valuation system would improve the tax collection while government, law enforcement agencies and the department are committed to root out the menace of smuggling. Director General Customs Valuation Mukarram Jah Ansari…

Total does not reflects slight reduction after govt pays Rs3.999 trillion in servicing in 15 months by Q1FY20 "If the government spends about Rs4trillion for…

Our Special Correspondent Lahore: Syed Shabbar Zaidi, Chairman FBR held a meeting with Heads of Departments of National University of Science and Technology…

Muhammad Basharat Raja to hold first meeting on 11th M Jahangir Hayat LAHORE: The chief Minister of Punjab Sardar Usman Buzdar has constituted a committee to appoint permanent President of Bank of Punjab (BoP) consisting convener and three members from the Punjab Cabinet. As per official sources Minister for Muhammad…

Our SpecialCorrespondent LAHORE: Federal Board of Revenue (FBR) has requested Ministry of Finace of United Arab Emirates (UAE) to provide the information of…

Our Special Correspondent LAHORE: Pakistan Tax Bar Association (PBA) and Lahore Tax Bar Association (LTBA) office Bearers Tuesday met Federal tax Ombudsman…

There would be good time ahead as the government is looking forward to increasing growth, opening employment, constructing low-cost housing for the common people M Jahangir Hayat LAHORE: Prime Minister of Pakistan Imran Khan has said that Pakistan has come out of the worst ever economic crisis and there would be good time ahead as the…

Biotechnology also features prominently as a priority area in all the government's policy documents M Jahangir Hayat BHURBAN: CropLife…

5th CAC Summit and Exhibition kicked off M Jahangir Hayat LAHORE: The Agriculture sector has been playing a key role in Pakistan's economy and has an…