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Pakistan’s Manpower Exports Are Declining

Pakistan’s manpower exports to different countries have shown a downward trend in the past three years, mainly due to the prevailing situation of the Covid-19 pandemic which affected the work situation in different host countries and resulted in a stri...

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Saudi Arabia Deposits $3 Billion at State Bank of Pakistan

Saudi Arabia has officially deposited $3 billion in the State Bank of Pakistan (SBP) under its support package agreement which was signed between the two countries almost 2 months ago.Advisor to the Prime Minister on Finance and Revenue Shaukat Tarin c...

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Federal Tax Ombudsman Orders FBR to Audit Steel Melters

The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to conduct a special audit into cases of steel melters.A handout states that the FTO, exercising its own motion powers under section 9(1) of the Federal Tax Ombudsman Ordin...

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IAP and CDC Sign MoU for Digital Aggregation of Insurance Products

Under the regulatory impetus of the Securities & Exchange Commission of Pakistan (SECP), the Insurance Association of Pakistan (IAP) and the Central Depository Company (CDC) have signed a Memorandum of Understanding (MoU) for the digita...

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