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President asks Tax Ombudsman to ensure speedy justice to taxpayers ISLAMABAD: President Mamnoon Hussain Friday urged the Federal Tax Ombudsman to take vigorous steps and innovative approaches to ensure inexpensive and speedy justice to the taxpayers.Talking to Abdur Rauf Chaudhry, Federal Tax Ombudsman (FTO) here at the Aiwan-e-Sadr the President said the institution of FTO was an important government organization mandated to redress the complaints of maladministration and rectify injustice done to the tax payers by the tax authorities.Abdur Rauf Chaudhry presented to the President the annual performance report of the Federal Tax Ombudsman for the year 2013.He briefed the President about Federal Tax Ombudsman, its establishment, charter and functions and various initiatives being taken by it for speedy disposal of complaints regarding the taxes.The President appreciated the role of the office of FTO towards resolution of tax payers' grievances and problems ever since its establishment in year 2000.The President assured the FTO of every possible support and patronage in ...

Pakistan's liquid foreign reserves reach $14.45 billion ISLAMABAD: The total liquid foreign reserves held by the country stood at US$14,450.2 million on July 18, 2014.Giving the break-up of the foreign reserves position, a statement of the Central Bank issued here Thursday said that Foreign reserves held by the State Bank of Pakistan stood at US$ 9,398.8 million while the net foreign reserves held by banks were US$ 5,051.4 million on July 18.During the week ending July 18,2014, SBP's Liquid FX Reserves decreased ...
Fresh notes of Rs.87bn issued to banks for public distribution: SBP KARACHI: State Bank of Pakistan (SBP) has issued fresh notes worth Rs.87 billion to commercial banks for distribution to the general public and their clients upto July 22. SBP has been issuing fresh currency notes to facilitate general public during the month of Ramadan through counters of field offices of SBP BSC and it would continue till the last working day of Ramadan, said a press release issued here on Wednesday.Under the arrangements, each member ...
SBP issuance of fresh notes to general public ISLAMABAD: The State Bank of Pakistan (SBP) has decided to further facilitate issuance of fresh currency notes to general public during ongoing month of Ramazan.For the purpose the field offices of SBP BSC shall also start issuing fresh notes to the general public from its counters from Thursday July 24, 2014 (Thursday) till the last working day of Ramazan, says a statement issued by the Central Bank on Wednesday.Under the arrangements, each member of the ...
SBP instructs banks to ensure ATM services availability during Eid holidays ISLAMABAD: State Bank of Pakistan (SBP) has instructed all the banks across the country to ensure Auto Teller Machine (ATM) services availability during Eid holidays.A statement of the Central Bank issued on Tuesday said that it has directed banks to take necessary measures in order to ensure maximum availability of ATM services and avoid public inconvenience during Eid holidays.In a circular letter, banks have been instructed to ensure round-the-clock availability, consistent monitoring of ATMs and ...
Rs7,500 prize bond draw on Aug 4 FAISALABAD: The 59th balloting of Rs7,500 prize bonds will be held at Peshawar on August 4.According to a spokesman for National Savings, first position holder will be awarded a prize of Rs15 million while three prizes of Rs5 million each have been reserved for second position holders.Third prize of Rs93,000 will be awarded to each of 1696 position holders.Copyright APP (Associated Press of Pakistan), 2014 ...
Foreign reserves stand at US$14,513.6mn KARACHI: The total liquid foreign reserves of the country stood at US$14,513.6 million on July 11, said the State Bank of Pakistan (SBP) on Thursday.According to a SBP press release, the foreign reserves held by the SBP are US$ 9,485.8 million, while the net foreign reserves held by banks are US$ 5,027.8 million.During the week ending July 11, SBP's Liquid Foreign Reserves decreased by US$116 million to US$9,486 million compared to US$9,602 million in the ...


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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln