FBR discontinues zero rating facility to two textile units

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating to two textile units in Karachi for misusing facility on consumption of gas and electricity. Read more »

SBP sells T-Bills worth Rs461.37 billion in auction

KARACHI: The government has raised Rs461.37 billion for budget financing through auction of market treasury bills in an auction held on Wednesday. State Bank of Pakistan (SBP) said that it had offered... Read more »

Equity market makes sharp recovery on Pakistan response to India

KARACHI: The equity market made a sharp recovery on Wednesday as it fell by over 1,400 points owing to mounting tension at Pak-India borders. Read more »

Rupee ends down by 38 paisas against dollar

KARACHI: The Pak Rupee ended down by 38 paisas against the US dollar on Wednesday owing to growing border tension. Read more »

Business community applauds Pakistan response to India

KARACHI: The business community has applauded the professional approach of Pakistan air force for downing two India jets, which intruding into Pakistani soil. Read more »

List of 1,208 banned tariff lines for import from India

KARACHI: Following is the list of items not importable from India under Import Policy Order 2016 as issued by minister of commerce. Read more »

Equity market recovers earlier losses on shooting down two India aircraft

KARACHI: The equity market has recovered early day losses following the news of retaliation by Pakistan and shot down two Indian aircrafts inside Pakistan. Read more »

Rupee falls 23 paisas in mid-day trade on border tension

KARACHI: The Pak Rupee declined further against the US dollar in mid-day trade on Wednesday owing to growing border tension. The dollar is being traded at Rs 139.11 in interbank foreign exchange... Read more »

Income Tax Ordinance 2001: No commercial, industrial gas or electricity connection without NTN

KARACHI: The National Tax Number (NTN) is mandatory for a person applying by commercial or industrial connection for electricity or natural gas. Read more »

FBR fixes sales tax rate for cottonseed

ISLAMABAD: Federal Board of Revenue (FBR) has fixed Rs 8 as sales tax for 40 kilogram of cottonseed for the period starting from July 01, 2019. Read more »