China Unveils $72 billion Tax Break for EVs, Other Green Cars to Spur Demand
China unveiled on June 21, 2023, a 520-billion-yuan ($72.3 billion) package of tax breaks over four years for electric vehicles…
International Use of the Euro Resilient in 2022
The international role of the euro was resilient in 2022, with its share across various indicators of international currency use…
UK Net Debt Passes 100 percent of GDP for First Time Since 1961
Britain’s public sector net debt surpassed 100 percent of gross domestic product in May as borrowing came in higher than…
New CBUAE Rulebook Provides Financial Sector Stakeholders Further Accessibility to its Regulations
The Central Bank of the UAE (CBUAE) on June 21, 2023, has launched the Rulebook, a dedicated platform on its…
Collection of Duties/ Taxes on 27th, 28th & 30th June 2023
State Bank of Pakistan announced on June 24, 2023 that in order to facilitate the taxpayers, all Banks and SBP…
POL Import Bill Shrinks by 21.8 percent in 11 Month
The imports of the overall petroleum group contracted by 21.8 percent during the first eleven months of the current fiscal…
Pakistani Exporters Get Big Opportunity to Tap $15 Billion Chinese Boiled Beef Market
In a significant development in China-Pakistan bilateral trade, the Chinese customs has allowed the export of Pakistan’s boiled beef to…
FBR Holds Three Day International Conference
Federal Board of Revenue FBR held three-day International Conference on Digitalization of Taxes in Pakistan at FBR Headquarters in collaboration…
SECP Amends Securities & Futures Advisers Regulations to Improve Investor Base
The Securities and Exchange Commission of Pakistan (SECP) has notified amendments to the Securities and Futures Advisers (Licensing and Operations)…
SBP Issues Revised Regulations for Electronic Money Institutions
State Bank of Pakistan has issued revised Regulations for Electronic Money Institutions (EMIs) on June 21, 2023, with the aim…