Pakistan starts receiving Saudi crude oil on deferred payment

KARACHI: Pakistan has started receiving crude oil on deferred payment from Saudi Arabia. In this regard two ships carrying 116,276 metric ton crude oil arrived at Karachi port on Saturday. Read more »

UAE announces opening visa centers at Karachi, Islamabad

KARACHI: United Arab Emirates (UAE) has announced to open visa centers in Karachi and Islamabad this year in order to facilitate Pakistanis, said UAE Ambassador Hamad Obaid Alzaabi. Read more »

Rupee ends down by 16 paisas in interbank

KARACHI: The Pak Rupee ended down by 16 paisas against dollar in interbank foreign exchange market on Friday owing to higher payments for import and corporate payments. Read more »

FBR redeploys 1,650 customs officials to curb smuggling

ISLAMABAD: The Customs Wing has re-deployed and transferred 1,650 official positions to meet the challenging revenue target and particularly to control smuggling. Read more »

Withholding Tax Card: Tax rates on salary income

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2019/2020 effective from July 01, 2019 under which every employer paying salary to employees above threshold income shall... Read more »

Withholding Tax Card: non-ATL persons to pay 30pc tax on dividend income

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2019/2020 effective from July 01, 2019 under which person not appearing on the Active Taxpayers List (ATL) shall... Read more »

Withholding Tax Card: Tax rates on imports of goods for ATL, non-ATL persons

KARACHI: Federal Board of Revenue (FBR) has issued withholding tax rates on imports of goods for persons appearing on Active Taxpayers List (ATL) and for persons not on ATL under Section 148... Read more »

FBR warns stern action against under-invoicing, mis-declaration

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch drive against manufacturers and importers indulged in under invoicing and incurring huge revenue losses to national exchequer. FBR chairman Syed Shabbar Zaidi,... Read more »

No unnecessary transfers of senior officials: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday asked the senior officers to concentrate on their work as no unnecessary transfers and posting will be notified. Read more »

Inland Revenue directed to ensure no zero-rate supply of gas, electricity

ISLAMABAD: Federal Board of Revenue (FBR) has directed offices of Inland Revenue to ensure implementation of normal tax rate on supply of gas and electricity to manufacturing facilities. Read more »

Foreign exchange reserves increase to $15.249 billion

KARACHI: The total liquid foreign exchange reserves of the country increased by $990 million to $15.249 billion by week ended July 12, 2019 as compared with $14.259 billion a week ago, State... Read more »

SBP designates three systemically important banks for 2019

KARACHI: State Bank of Pakistan (SBP) has designated three Domestic Systemically Important Banks (D-SIBs) for the year 2019, a statement said on Thursday. Read more »