Pakistan unlikely to get benefit from 2nd phase of China FTA: SITE Association

KARACHI: Pakistan may not get benefit from the 2nd phase of Pak China FTA as Chinese imports of $2 trillion are either of raw materials or high-tech equipment. Read more »

IMF team to visit Pakistan April 29

ISLAMABAD: A team of International Monetary Fund (IMF) will visit Pakistan starting April 29, 2019 to continue technical discussions for IMF supported program, spokesman of ministry of finance said on Friday. Read more »

Engro Corp announces Rs7.5 billion investment in telecom infrastructure

KARACHI: Pakistan’s premier conglomerate, Engro Corporation, has announced investment in telecom infrastructure. Read more »

FBR set asides penalty on four customs officials

ISLAMABAD: Federal Board of Revenue (FBR) on Friday set-aside penalty imposed on four officials of Customs collectorate Quetta with future warning. Read more »

Prime Minister, World Bank CEO discuss economic, fiscal situation

ISLAMABAD: Prime Minister Imran Khan on Friday met Ms. Kristalina Georgieva, Chief Executive Officer (CEO) of the World Bank discussed economic and fiscal situation on the sidelines of the second Belt and... Read more »

Equity market gains 335 points amid optimism on IMF loan program

KARACHI: The equity market gained 335 points on Friday amid optimistic sentiment over IMF loan program. Read more »

Rupee ends unchanged for 10th consecutive trading day

KARACHI: The Pak Rupee was remained unchanged against dollar on Friday for the 10th consecutive trading day. The rupee ended Rs141.40 to the dollar, same previous day’s level, in interbank foreign exchange... Read more »

PSX proposes scheme for attracting investment from black economy

KARACHI: Pakistan Stock Exchange (PSX) has advised the government to introduce a scheme for attracting investment from large black economy. Read more »

PSX’s net profit falls by 10.6pc on elimination of tax on bonus shares

KARACHI: The earning of Pakistan Stock Exchange (PSX) during first nine months of current fiscal year fell by 10.6 percent due to elimination of tax on bonus shares, which results no dividend... Read more »

Salary tax card – updated for Tax Year 2019

KARACHI: Federal Board of Revenue (FBR) has updated tax rate for salary persons as per Finance Supplementary (Second Amendment) Act, 2019. Read more »

Sales Tax Act 1990: imposition of default surcharge in fraud, non-payment

KARACHI: A person willfully does not make sales tax payment or commits fraud shall liable to pay default surcharge along with actual amount. Read more »

FBR issues rules for ADR in sales tax, federal excise cases

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified rules to make Alternate Dispute Resolution Committee (ADRC) functional for cases in sales tax and federal excise. Read more »