Customs collects Rs444 billion, surpasses July – February target

ISLAMABAD: Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e. July-February 2018-19, Federal Board of Revenue (FBR) said on Monday. Read more »

Prime Minister invites suggestions on new tax amnesty scheme: KCCI

KARACHI: Prime Minister Imran Khan has asked business community to give their suggestions for a new tax amnesty scheme, said Junaid Makda, President, Karachi Chamber of Commerce and Industry (KCCI) on Monday. Read more »

Equity market gains 211 points as Pak-India tension eases

KARACHI: The equity market ended with gain of 211 points as tension eases between Pakistan and India. Read more »

Rupee ends down by 15 paisas against dollar

KARACHI: The Pak Rupee ended down by 15 paisas against dollar on Monday owing to demand for import and corporate payments. Read more »

PSO receives Rs60 billion from power companies

KARACHI: Pakistan State Oil (PSO) has said it received Rs60 billion as partial settlement of receivable from power sector companies. Read more »

Philip Morris decides closing factory in Kotri

KARACHI: Philip Morris (Pakistan) Limited, an American multinational cigarette and tobacco manufacturing company, has decided to close down its factory located in Kotri. Read more »

Dollar increases by 12 paisas in early trade

KARACHI: The Pak Rupee has lost 12 paisas against the US dollar in early trade on Monday owing to demand for import and corporate payments. Read more »

Income Tax Ordinance 2001: default surcharge at 12 percent on failure to pay tax

KARACHI: A person fails to pay taxes by due date shall be liable to pay default surcharge at 12 percent per annum. Read more »