FBR asks police to provide agreements of rented properties

KARACHI: Federal Board of Revenue (FBR) has issued notices to police stations to acquire information about rented residential and commercial properties located in Karachi. Read more »

FBR warns of harsh action against undeclared assets from July 01

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday warned people of harsh action for possessing undeclared assets from July 01, 2019. Read more »

Foreign exchange reserves slip to $14.827 billion

KARACHI: The total foreign exchange reserves of the country have slipped by $63 million to $14.827 billion by week ended June 03, 2019 as compared with $14.89 billion as on May 31,... Read more »

Stock market gains 465 points on buying activities

KARACHI: The stock market gained 465 points on Thursday as buying activities remained dominant during the day on positive sentiments. Read more »

Rupee hits all time low Rs152.91 against dollar

KARACHI: The Pak Rupee hit all time low by losing Rs1.34 against dollar on Thursday owing to higher oil payment demand and scheduled repayment against foreign loan. Read more »

Consumers allowed 5pc cash back of sales tax paid on retail purchases

ISLAMABAD: Consumers have been allowed to get five percent cash back on the total amount of sales tax charged against purchases from retail outlets. Read more »

Dollar hits all time high at Rs153 in midday trading

KARACHI: The US dollar reached to all time high against Pak Rupee at Rs153 on Thursday in midday trading owing to weak economic indicator. Read more »

FBR estimates additional revenue of Rs2 billion through changes in super tax

ISLAMABAD: Federal Board of Revenue (FBR) has estimated additional revenue of Rs2 billion through proposed changes in law related to super tax. Read more »

Finance Bill 2019: Special regime for steel sector abolished; normal tax at 17pc imposed

ISLAMABAD: The government has abolished special sales tax procedure for steel sector through Finance Bill 2019 and imposed 17 percent federal excise duty in sales tax mode. Read more »

Finance Bill 2019: Duty exemption on foreign bandwidth services withdrawn

ISLAMABAD: Federal Board of Revenue (FBR) has said that telecom services provided in Islamabad Capital Territory are subject to Federal Excise Duty (FED) under the Federal Excise Act, 2005. Read more »

Finance Bill 2019: 12th Schedule introduced to levy 3pc value addition sales tax on all imported goods

ISLAMABAD: The government has proposed Twelfth Schedule to Sales Tax Act, 1990 to streamline imposition of 3 percent value addition tax on imported goods. Read more »

FBR empowered to probe foreign remittances above Rs5 million received in a year

ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to probe source of foreign remittances above Rs5 million received by a person in a year. Read more »