Mobile handset levy increased up to Rs7,000 per set

ISLAMABAD: The government has increased mobile handset levy up to Rs7,000 per set from the date of implementation of Finance Supplementary (Second Amendment) Act, 2019. The government through Finance Act, 2018 introduced... Read more »

ECC approves Rs2 billion for Ramazan Relief Package

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Tuesday approved Rs2 billion as Ramazan Relief Package. Read more »

Trade deficit narrows by 11 percent in eight months

ISLAMABAD: The trade deficit has narrowed by 11 percent during first eight months of current fiscal year owing decline in import bill, Pakistan Bureau of Statistics (PBS) said on Tuesday. Read more »

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Tuesday amid higher demand for import and corporate demand. Read more »

Equity market witnesses lackluster trading activity

KARACHI: Trading at the equity market was remained lackluster as the taxation measures failed to attract investors. Read more »

SBP allows regulatory exemptions, relaxations for low cost housing finance

KARACHI: The State Bank of Pakistan (SBP) has allowed certain exemptions and relaxations in prudential regulations for promoting low cost housing finance. Read more »

Finance Supplementary (2nd Amendment) Act 2019: Directorate set up for tax recovery from undeclared offshore assets

ISLAMABAD: The federal government has set up Directorate General of International Tax Operations for recovery of tax in undeclared off-shore assets and incomes. Read more »

Finance Supplementary (2nd Amendment) Act 2019: motor vehicle purchase restriction on non-filers withdrawn

ISLAMABAD: The federal government has allowed non-filers of income tax returns to purchase locally manufactured motor vehicles. Read more »

Finance Supplementary (2nd Amendment) Act 2019: FBR to issue sales, income tax refund bonds

ISLAMABAD: Federal Board of Revenue (FBR) will issue sales tax and income tax refund bonds through its subsidiary company ‘FBR Refund Settlement Company (Private) Limited. Read more »

SBP launches Sharia compliant loan facility for low cost housing

KARACHI: State Bank of Pakistan (SBP) on Monday launched Sharia compliant loans for low cost housing for special segments. Read more »