Fresh audits of PIA, Pakistan Steel to be conducted for transparency

KARACHI: The federal government will conduct fresh audit of Pakistan International Airlines (PIA) and Pakistan Steel Mills (PSM) in order to ensure transparency in state-owned enterprises (SOE). Read more »

FBR notifies transfers, postings of 503 principal appraisers, appraising officers in major reshuffle

ISLAMABAD: Federal Board of Revenue (FBR) on Friday made huge reshuffle in Pakistan Customs Service (PCS) by notifying transfer and posting of 503 officers including principal appraisers, appraising officers and valuation officers... Read more »

Trade deficit narrows by 15.33pc to $31.82 billion in 2018/2019

ISLAMABAD: The country’s trade deficit has narrowed by 15.33 percent during fiscal year 2018/2019 owing to decline in import bill, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. Read more »

FPCCI seeks removal of protective duties on Pakistani products by Turkey

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged Turkish authorities to remove protective duties imposed on Pakistani products. Read more »

Stock market ends down by 203 points on lack of investors confidence

KARACHI: The stock market ended down by 203 points on Friday due to lack of investors confidence. Read more »

Rupee continues losing streak against dollar

KARACHI: The Pak Rupee continued losing streak on Friday amid higher demand for import and corporate payments. Read more »

SBP to announce monetary policy on July 16

KARACHI: State Bank of Pakistan (SBP) will announce key policy rate for next two months of July 16, 2019, a statement said on Friday. Read more »

Cash payment above Rs5 million for immovable property to attract penalty of 5pc of total value

KARACHI: A person who purchases immovable property having fair market value greater than Rs5 million through cash or bearer cheque then the person is liable to pay five percent of the value... Read more »

Consumers may not able to get 5pc sales tax rebate till FBR notification

ISLAMABAD: General public may not be able to avail 5 percent rebate on their purchases until a notification is issued by the Federal Board of Revenue (FBR). Read more »