Rupee slides by five paisas against dollar

KARACHI: The Pak Rupee ended down by 5 paisas against the US dollar on Monday despite reports of inflows from China. Read more »

Electronic Market protests against duty, taxes on mobile phones

KARACHI: Karachi Electronic Market on Monday protested against levy of 100 percent duty and taxes on used imported phones. Read more »

Pakistan Economy Second Quarter Report: SBP estimates lower GDP growth, high inflation

KARACHI: State Bank of Pakistan (SBP) has projected the real GDP growth for fiscal year 2018/2019 would be around 3.5-4 percent much lower than the actual target of 6.2 percent. The central... Read more »

FBR suspends customs officer

ISLAMABAD: Federal Board of Revenue (FBR) has suspended an officer Pakistan Customs Service (PCS) BS-16 while taking disciplinary action against him. Read more »

Income Tax Ordinance 2001: advance tax on paying education fee abroad

KARACHI: Foreign exchange companies are responsible for collecting advance tax on remitting abroad the education related expenses. Read more »

Customs Intelligence Lahore announces auction of vehicles on March 27

ISLAMABAD: Directorate of Intelligence and Investigation, Customs, Federal Board of Revenue (FBR), Lahore announced auction of confiscated vehicles to be held on March 27, 2019. Read more »

SBP directs banks to ensure OTC collection of duty, taxes by March 27

KARACHI: State Bank of Pakistan (SBP) on Friday directed all commercial banks to ensure receiving payment of duty and taxes through over the counter (OTC) channel. Read more »

Equity market gains 147 points on optimistic sentiments

KARACHI: The equity market gained 147 points on Friday on hopes of good news on economic front. Read more »

Rupee falls by 75 paisas against dollar on import demand

KARACHI: The Pak Rupee fell 75 paisas against US dollar on Friday owing to higher demand for import and corporate payments. Read more »

Currency notes have braille features for visually impaired persons: SBP

KARACHI: The State Bank of Pakistan (SBP) on Thursday said that it noticed visually impaired persons find it difficult to recognize and distinguish amongst different Pakistani currency notes. Read more »

FBR outlines sales tax amendments through second supplementary finance act

ISLAMABAD: Federal Board of Revenue (FBR) has summarized amendments to sales tax regime through Finance Supplementary (Second Amendment) Act, 2019 and directed the officials of Inland Revenue to take necessary action for... Read more »

FBR explains FED on motor vehicles under Second Amendment Act

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday explained the amendment of Federal Excise Duty (FED) on imported and locally manufactured vehicles through Finance Supplementary (Second Amendment) Act, 2019. Read more »