FATF advises Pakistan to continue on action plan implementation

ISLAMABAD: Financial Action Task Force (FATF) in its plenary meeting on Friday advised Pakistan to continue to work on implementing its action plan to address its strategic deficiencies. Read more »

SBP announces freight support for sugar export

KARACHI: State Bank of Pakistan (SBP) on Friday said that it will disburse freight support payments to sugar mills in Punjab Province at variable rates to be calculated on daily basis as... Read more »

SBP launches three Sharia compliant refinancing schemes for SMEs

KARACHI: State Bank of Pakistan (SBP) has issued three Shariah Compliant Refinance Schemes that are expected to provide level playing field to the Islamic banking industry, a statement said on Friday. Read more »

KSE-100 index sheds 55 points

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended down by 55 points on Friday due to lack of interest by investors. Read more »

Rupee gains against dollar for third consecutive day

KARACHI: The Pak Rupee gained for the third consecutive day against dollar on Friday owing to shrinking current account deficit and foreign inflows. Read more »

FBR issues tax directories of parliamentarians, companies and individuals

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued tax directories of parliamentarians and general taxpayers including companies in order to public the information about contribution of different segments of taxpayers. Read more »

Classes of taxpayers require sales tax registration

KARACHI: Federal Board of Revenue (FBR) has listed classes of taxpayers, who are required to get sales tax registration to declare their monthly transactions to the tax authorities. Read more »

Rupee advances against dollar in early trade

KARACHI: The Pak Rupee further made gain against dollar in early trade on Friday owing to contraction in current account deficit, dealers said. Read more »

Income Tax Ordinance 2001: procedure for claiming refund, additional payment for delay

KARACHI: A commissioner of Inland Revenue is responsible for making payment at KIBOR plus 0.5 percent per annum for late payment of income tax refund. Read more »