Rupee gains another 50 paisas in interbank

KARACHI: The Pak Rupee gained another 50 paisas against US dollar on Friday owing to inflows related to Eid improved the supply. Read more »

Ministry opposes suggestions to allow commercial import of used cars

ISLAMABAD: The ministry of industries and production has opposed the suggestions to allow commercial import of used and old motor cars into Pakistan. Read more »

Hafeez Shaikh discusses budget proposals with chambers of commerce and industries

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to Prime Minister on Finance and Revenue on Thursday met presidents of various chamber of commerce and industries to discuss proposals for budget 2019/2020. Read more »

ECC approves Rs20 billion fund to support stock market

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Thursday approved State Enterprise Fund worth Rs20 billion to support the stock market of the country. Read more »

Banks assure providing details of Benami account holders to FBR

ISLAMABAD: The commercial banks have assured the Federal Board of Revenue (FBR) of providing details of Benami account holders for the purpose of broadening of tax base and documentation of economy. Read more »

Pakistan’s foreign exchange reserves slip to $15.09 billion

KARACHI: The foreign exchange reserves of the country have slipped by $36 million to $15.09 billion by week ended May 24, 2019 as compared with $15.126 billion a week ago, State Bank... Read more »

Stock market makes nominal gain amid selling pressure

KARACHI: The stock market ended flat on Thursday after witnessed high band trading during the day. Read more »

Rupee makes sharp gains of Rs1.35 against dollar

KARACHI: The Pak Rupee made significant recovery of Rs1.35 against dollar on Thursday owing to measures taken by the government to check illegal outflows of the foreign currency. Read more »

SRB suspends sales tax registration of Multinet Pakistan

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Multinet Pakistan (Pvt.) Limited for defaulting tax payment and non-compliance in filing monthly sales tax return. Read more »

ICAP proposes restricting powers of Directorate General Intelligence and Investigation

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has proposed restricting powers of Directorate General of Intelligence and Investigation (I&I) as multiple powers of tax authorities are causing hardship for taxpayers. Read more »

PTBA suggests reducing record retention time to five years under Sindh tax laws

KARACHI: Pakistan Tax Bar Association (PTBA) has submitted budget proposals 2019/2020 to Sindh Revenue Board (SRB) suggesting to reduce time limit for retaining records to 5 years from 10 years. Read more »

National Economic Council approves GDP target at 4pc for 2019/2020

ISLAMABAD: The National Economic Council (NEC) in its meeting held on Wednesday approved GDP target at 4 percent for fiscal year 2019/2020. Read more »