SRB suspends sales tax registration of two goods transport companies

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of two goods transport companies for defaulting payment and non-compliance of monthly returns, officials said on Friday. Read more »

FBR sets up DGBTB for taking action against tax evaders

ISLAMABAD: Federal Board of Revenue (FBR) on Friday established a new directorate for taking action against tax evaders. Read more »

Asad Umar chairs NFC meeting

ISLAMABAD: Finance Minister Asad Umar on Friday chaired the 5th meeting of the 9th National Finance Commission (NFC) that was held in at Lahore. Read more »

SBP increases policy rate by 50bps to 10.75 percent

KARACHI: State Bank of Pakistan (SBP) on Friday increased key policy rate by 50 basis points to 10.75 percent for next two months effective from April 01, 2019. Read more »

Equity market gains 96 points in range bound trading

KARACHI: The equity market ended with 96 points gain on Friday in a range bound trading activity. Read more »

Rupee sheds 49 paisas against dollar

KARACHI: The Pak Rupee fell sharply by 49 against the US dollar on Friday owing to higher demand for import and corporate payments. Read more »

Rupee falls by 41 paisas against dollar in early trade

KARACHI: The Pak Rupee witnessed massive fall of 41 paisas against US dollar in early trade on Friday. Read more »

Income Tax Ordinance 2001: Income from pension funds tax exempted

KARACHI: The government has allowed tax exemption to the income derived by pensioners invested in various schemes, including pension funds. Read more »

KTBA elects Rehan Siddiqui as president for 2019-2020

KARACHI: Karachi Tax Bar Association (KTBA) in the 62nd Annual General Meeting held on Thursday announced Muhammad Rehan Siddiqui as president of the association of the term 2019-2020. Read more »

FBR temporarily halts raids on tax evaders

ISLAMABAD: Federal Board of Revenue (FBR) has temporarily halted raids on tax evaders on assurance of business community. Read more »

Ministry probes Indian expired mango pulp entry

ISLAMABAD: Ministry of National Food Security & Research (MNFSR) has taken notice of reports regarding the “import of expired Indian mango pulp”. Read more »

Foreign exchange reserves increase to $17.58bn

KARACHI: The total liquid foreign exchange reserves of the country have increased to $17.58 billion by March 25, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »