SBP issues list of e-branches for obtaining fresh currency notes for Eid-ul-Fitr

KARACHI: State Bank of Pakistan (SBP) on Friday issued list of 1,718 e-branches for sending SMS and obtaining fresh currency notes for Eid-ul-Fitr. Read more »

Hafeez Shaikh approves disaster support fund worth Rs17bn for stock exchange

KARACHI: Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance and Revenue on Friday met members of delegation of stock exchange and approved Rs17 billion amounting disaster support fund. Read more »

Rupee deteriorates to record low; dollar closes at Rs148

KARACHI: The Pak Rupee ended down against dollar on Friday and closed at Rs148.00 in interbank foreign exchange market. Read more »

SBP launches SMS service for issuance fresh currency notes for Eid-ul-Fitr

KARACHI: State Bank of Pakistan (SBP) has launched SMS service for issuance of fresh currency notes to the general public for the celebration of Eid-ul-Fitr. Read more »

KSE-100 ends down by 805 points on massive rupee depreciation

KARACHI: The stock market lost another 805 points on Friday owing to massive depreciation of Pak Rupee and upcoming monetary policy. Read more »

Dollar makes record high at Rs150

KARACHI: The Pak Rupee deteriorated mercilessly on Friday to reach all time low at Rs 150 to the dollar in Interbank Foreign Exchange Market. Read more »

Black money invested in immovable properties allowed whitening at just 1.5 percent of tax

KARACHI: The government has allowed whitening of money investment in immovable properties at nominal income tax rate of 1.5 percent on declaration made by June 30, 2019. Read more »

FBR advised reducing income tax to half for exporters other than five zero-rated sectors

KARACHI: Federal Board of Revenue (FBR) has been suggested to reduce the income tax rate to half for exporters not falling under five zero-rating scheme in order to promote and diversification of... Read more »

PTBA recommends eliminating 12 provisions of withholding tax in next budget

KARACHI: Pakistan Tax Bar Association (PTBA) has recommended abolishing 12 different provisions of withholding income tax in order reduce the cost of business. Read more »

Sales tax rate in Pakistan highest in region: ACCA

KARACHI: Association of Chartered Certified Accountants (ACCA) has said that the existing sales tax rate of 17 percent in Pakistan is the highest in the region. Read more »

Foreign exchange reserves decline by $78 million to $15.89 billion

KARACHI: The foreign exchange reserves of the country decreased by $78 million to $15.894 billion by week ended May 10 owing to foreign debt payment, State Bank of Pakistan (SBP) said on... Read more »