FBR notifies transfers of BS-17 to BS-20 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of BS-17 to BS-20 officers of Inland Revenue Service (IRS) with immediate effect and until further orders. Read more »

FBR allows goods clearance without retail price print till July 31

ISLAMABAD: Federal Board of Revenue (FBR) on Monday allowed to clear consignments of consumer items without printing of retail prices till July 31, 2019 in order to facilitate clearance of stuck up... Read more »

Fiscal deficit deteriorates on slowdown in tax collection: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the fiscal deficit was ballooned owing to slowdown in tax revenue collection and fall in non-tax revenue. Read more »

FPCCI urges government to resolve issues of small traders

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday urged the government resolves problems of small traders in order to keep the economy move forward. Read more »

KCCI supports government resolve to tax all taxable incomes

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has supported efforts of the government to bring all taxable income into tax net. Read more »

Foreign direct investment falls by 50 percent in 2018/2019

KARACHI: The inflow of foreign direct investment (FDI) to the country has declined by 50 percent to $1.73 billion during fiscal year 2018/2019 as compared with $3.47 billion in the preceding fiscal... Read more »

Stock market plunges on policy rate uncertainty

KARACHI: The stock market plunged by 714 points on Monday owing to uncertainty on monetary policy that is scheduled to be announced tomorrow. Read more »

Rupee weakens against dollar on import, corporate payments

KARACHI: The Pak Rupee weakened by Rs1.07 against dollar on Monday owing to demand for imports and corporate payments. Read more »

Analysts forecast 100bps increase in policy rate

KARACHI: The State Bank of Pakistan (SBP) is scheduled to announce its monetary policy on July 16, 2019 (Tuesday) and analysts forecast central bank may increase key policy rate by another 100... Read more »