FBR sets up complaint cell against corrupt officials

ISLAMABAD: Federal Board of Revenue (FBR) has established a dedicated cell to facilitate taxpayers in filing complaints against corrupt practices of officials of Inland Revenue and Pakistan Customs. Read more »

Equity market gains 208 points in narrow band trading

KARACHI: The equity market ended with gain of 208 points on Thursday in a narrow band trading. Read more »

Rupee ends flat in interbank market

KARACHI: The Pak Rupee ended flat against dollar on Thursday despite gain earlier in the day. Read more »

Adil Rashid appointed as CEO Wateen Telecom

KARACHI: Wateen Telecom Board of Directors announced today that Adil Rashid has been appointed as Chief Executive Officer of the company effective April 22 and he will replace Rizwan Tiwana, who has... Read more »

Foreign exchange reserves deplete by $169m to $17.228bn

KARACHI: Foreign exchange reserves of the country fell by $169 million to $17.228 billion by week ended April 05, 2019 as compared with $17.397 billion a week ago, State Bank of Pakistan... Read more »

FBR asks financial institutions to provide account holders details for automatic exchange of information

KARACHI: Federal Board of Revenue (FBR) has asked financial institutions to provide details of their account holders by May 31, 2019 for the purpose of automatic exchange of information with OECD member... Read more »

United Brands Limited stops consumer products’ distributions of leading brands

KARACHI: A leading distributor of consumer goods has discontinued distribution of leading brands from its business portfolio which may cause monthly loss of Rs58 million. Read more »

Rupee gains 4 paisas in early trade on declining import bill

KARACHI: The Pak Rupee gained 4 paisas against dollar in early day trading on Thursday after the reports of significant fall in import bill in March 2019. Read more »

Sales Tax Act 1990: Recovery of amount erroneously refunded

KARACHI: The officers of Inland Revenue have been authorized to recover tax for refund amount erroneously issued to taxpayer along with penalties and default surcharge. Read more »

FPCCI recommends single digit sales tax rate

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has proposed reducing sales tax to single digit from existing 17 percent. Read more »

Car sales down 4 percent on economic slowdown, high prices

KARACHI: The sales of locally assembled cars have declined by 4 percent during first nine months (July-March) 2018/2019 owing to slowdown in economy and recent rise in car prices, analysts said on... Read more »

SBP sells treasury bills worth Rs415.72 billion at above 11pc cut-off yield

KARACHI: State Bank of Pakistan (SBP) raised an amount of Rs415.72 billion through sale of Market Treasury Bills (MTBs) at an auction held on Wednesday. Read more »