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Daily Archives: December 23, 2021

FBR Exempts Custom Duty on Import of 9 Items from Afghanistan

The Federal Board of Revenue (FBR) has exempted customs duty on the import of nine items including coal, marble, sulphur and containers from Afghanistan.The FBR has also exempted regulatory duty on the import of marble and reduced regulatory duty on im...

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SBP’s Forex Reserves Plunge by $415 Million Due to Rising External Debt

The foreign reserves held by the State Bank of Pakistan (SBP) fell week-over-week by $415 million (2.2 percent) to $18.15 billion, mainly due to external debt repayments.According to the data released by the State Bank of Pakistan (SBP), the foreign ex...

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PAC Unhappy With Finance Ministry’s Handling of COVID-19 Relief Fund

The Public Accounts Committee (PAC) voiced its concerns regarding the Finance Ministry’s briefing on the Rs. 1,240 billion COVID-19 relief package, on Wednesday, after the ministry reportedly failed to satisfy the committee.During an audit briefing of ...

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