FBR suggested reducing income tax rate for banks

KARACHI: Federal Board of Revenue (FBR) has been advised to reduce income tax rates for banking companies in line with general corporate tax rates. Read more »

PTBA urges benefits for taxpayers opting out of PTR

KARACHI: Pakistan Tax Bar Association (PTBA) has urged the tax authorities to give benefits to persons opting out of presumptive tax regime (PTR). Read more »

Budget deficit swells to 5 percent in nine months, higher than fiscal year target

ISLAMABAD: The country’s budget deficit soared to 5 percent in the first nine months of current fiscal year, which is already higher than the full year target of 4.9 percent. Read more »

Pakistan’ FDI declines by 52 percent in 10 months

KARACHI: Foreign Direct Investment (FDI) has declined by 52 percent during first 10 months of current fiscal year owing to higher repatriation of profits by corporate sector. Read more »

Stock market gains 192 points on positive sentiments

KARACHI: The stock market ended with gain on Tuesday continuing the positive sentiments for second consecutive day. Read more »

Rupee hits all time low at Rs152/dollar in interbank

KARACHI: The Pak Rupee has plunged to another historic low against dollar on Tuesday owing to panic in the financial markets. Read more »

Temporary import of arms, ammunition by foreign hunters allowed

ISLAMABAD: The ministry of commerce has allowed temporary import of arms and ammunition by foreign hunters by amending Import Policy Order, 2016. Read more »

SRB launches amnesty scheme for exemption from penalty

KARACHI: Sindh Revenue Board (SRB) on Monday launched an amnesty scheme to exempt penalty amount on payable as sales tax on services. Read more »