PSX recommends CGT exemption to foreign investors

KARACHI: Pakistan Stock Exchange (PSX) has proposed to exempt capital gain tax (CGT) on disposal of securities by foreign investors. Read more »

Stock market gains 292 points in volatile trading

KARACHI: The stock market gained 292 points on Thursday amid highly volatile trading sessions. Read more »

SBP launches refinance, credit guarantee scheme for women entrepreneurs

KARACHI: State Bank of Pakistan (SBP) on Thursday launched refinance and credit guarantee scheme for women entrepreneurs in order to support and revive economic activities in the country. Read more »

FPCCI signs three MoUs at Belt and Road Conference

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has signed three Memorandum of Understanding (MoUs) at Belt and Road CEO Conference held in Beijing China. Read more »

Country’s foreign exchange reserves declines by $202 million

KARACHI: The liquid foreign exchange reserves of the country declined by $202 million to $15.994 billion by week ended April 19, 2019 as compared with $16.196 billion a week ago, State Bank... Read more »

Rupee ends unchanged for ninth consecutive trading day

KARACHI: The Pak Rupee ended without change against dollar for the ninth consecutive day on Thursday. The rupee ended Rs141.40 to the dollar, the same last day’s closing, in interbank foreign exchange... Read more »

Tax amnesty scheme to be introduced in three phases, to continue by December 2019

ISLAMABAD: Federal Board of Revenue (FBR) has recommended three phases for new tax amnesty scheme for undeclared assets. Read more »

Trading restores at PSX after technical fault

KARACHI: Trading of shares restored at Pakistan Stock Exchange (PSX) at 11:50 am after suspension for more than one hour due to technical fault. Read more »

Withholding tax rates on imports updated through Finance Supplementary (Second Amendment) Act 2019

KARACHI: Federal Board of Revenue (FBR) issued withholding tax rates on imports for tax year 2019 updated as per Finance Supplementary (Second Amendment) Act, 2019. Read more »

Sales Tax Act 1990: One year jail for unauthorized access to FBR computerized system

KARACHI: Any persons attempted to gain unauthorized access to computerized system of Federal Board of Revenue (FBR) is liable to penalty and imprisonment up to one year. Read more »

FBR asked not to send notices for turnover tax

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged Federal Board of Revenue (FBR) to issue necessary instructions to all RTOs to refrain from sending notices for demanding the unjust annual... Read more »

KTBA, RTOs discuss budget proposals

KARACHI: The office bearers of Karachi Tax Bar Association (KTBA) discussed budget proposals 2019/2020 with Chief Commissioners of Inland Revenue on Wednesday. Read more »