FBR set to launch Benami law to trace black money

ISLAMABAD: Federal Board of Revenue (FBR) is set to make Benami Law operational with strict action to confiscate property if it was held by a person and payment made by another person. Read more »

Lucky Cement wins international CSR award

KARACHI: Lucky Cement Limited (psx: LUCK) has secured 8th International Corporate Social Responsibility Award in the category of “Sustainability Initiative”. The award was organized by The Professionals Network (TPN). Read more »

FBR notifies major reshuffle in IRS; 42 officers transferred

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday announced major reshuffle in Inland Revenue Service (IRS) as 42 officers of BS-17 to BS-20 transferred with immediate effect. Read more »

Banks require to send free of cost transaction alerts to ensure digital payment security: SBP

KARACHI: State Bank of Pakistan (SBP) on Thursday said that it has been made mandatory for all banks to send free of cost transaction alerts to their customers in order to ensure... Read more »

Equity market ends down by 173 points amid positive sentiments

KARACHI: The equity market ended down by 173 points on Thursday amid positive activities in many scrips. Read more »

Pakistan foreign exchange reserves increase to $14.885 billion

KARACHI: Pakistan’s foreign exchange reserves have increased by $83 million to $14.885 billion by week ended February 01, 2019 as compared with $14.802 billion a week ago, the State Bank of Pakistan... Read more »

Rupee ends firmer against US dollar

KARACHI: The Pak Rupee ended firmer against US dollar on Thursday despite demand for import and corporate payments. Read more »

Reform plan launched for improving financial health of three major PSEs

ISLAMABAD: The government has launched a reform plan for improving financial health of three major Public Sector Enterprises (PSEs) including Pakistan Steel Mills, Pakistan Railways and Pakistan International Airlines, according to Fiscal... Read more »

SBP issues list of hotels for restricted authorization in dealing foreign currency

KARACHI: State Bank of Pakistan (SBP) has issued list of hotels (3, 4 &5 stars) restraining from direct dealing in foreign currency except for their customers. Read more »

FBR withdraws credit card details on sales through POS

KARACHI: Federal Board of Revenue (FBR) has withdrawn requirement of details of credit card holder in case sales made through Point of Sale (POS) of textile and leather sectors under concessionary regime. Read more »

Rupee weakens against dollar in early trade

KARACHI: The Pak Rupee eased against US dollar in early trading session on Thursday owing to demand from import and corporate buyers. Read more »

Income Tax Ordinance 2001: taxation on non-resident ship owner, charterer

KARACHI: A ship owned or chartered by a non-resident person before leaving any port in Pakistan is required to furnish a return of income. Read more »