Alvi praises FTO role in resolving taxpayers’ complaints

ISLAMABAD: President of Pakistan Dr. Arif Alvi has praised the role of Federal Tax Ombudsman (FTO) for resolution of aggrieved taxpayers’ complaints. Read more »

Imran Khan welcomes investment from Qatar

ISLAMABAD: Prime Minister Imran Khan has welcomed investment from Qatar in various sectors of the economy. Read more »

FPCCI criticizes increase in POL product prices

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday criticized the increase in prices of petroleum products for the month of April 2019. Read more »

Headline inflation increases by 9.4pc in March

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 9.4 percent on year-on-year basis in March, 2019 as compared to an increase of 8.2 percent in the previous... Read more »

Equity market falls by 295 points on policy rate hike

KARACHI: The equity market fell by 295 points on Monday owing to hike in discount rate by 50 basis points. Read more »

Rupee eases by 11 paisas against dollar

KARACHI: The rupee depreciated 11 paisas against dollar on Monday owing to hike in policy rate and petroleum products. Read more »

Goods transporters reject increase in POL product prices

KARACHI: Goods Transport Association has rejected the increase in petroleum products and said that it will increase the fares by 10 percent. Read more »

SBP issues regulations for electronic money institutions

KARACHI: State Bank of Pakistan (SBP) on Monday issued regulations for electronic money institutions in order to promote financial inclusion in the country. Read more »

FBR’s tax collection gap widens by Rs295bn; needs Rs1,698bn in three months to meet target

ISLAMABAD: The deficit in tax collection has soared by 295 billion in first nine month of current fiscal year making it an impossible task for Federal Board of Revenue (FBR) to achieve... Read more »

Rupee falls by 7 paisas in early trade

KARACHI: The Pak Rupee fell by seven paisas against dollar in early trade on Monday. Read more »

Sales Tax Act 1990: 17 percent applicable on taxable supplies

KARACHI: A normal sales tax rate at 17 percent is applicable on taxable supplies made by registered person. Read more »