Weekly Review: Imran-Trump meeting to send positive signals to investors

KARACHI: The scheduled visit of Prime Minister Imran Khan to meet US President Donald Trump next week will send positive signals to investors of share market. Read more »

Textile exports decline by 15pc in June on budgetary measures

KARACHI: Pakistan’s textile exports fell by 15 percent in June 2019 to $1.01 billion as compared with $1.19 billion in the same month of the last year, according to export data released... Read more »

Pakistan Customs seizes huge quantity of Indian white sugar

ISLAMABAD: Pakistan Customs has seized huge quantity of Indian origin white sugar, which was to be used in Afghanistan. Read more »

Withholding Tax Card: Non-ATL to pay up to 30pc tax on profit from bank deposits, saving schemes

ISLAMABAD: Federal Board of Revenue (FBR) has issued withholding tax card for tax year 2019/2020 effective from July 01, 2019 under which persons receiving profit from bank deposits or investment in national... Read more »

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 outlines action in post July 01 scenario; urges people to avail asset declaration scheme

ISLAMABAD: Federal Board of Revenue (FBR) has outlined course of action in scenario of post July 01, 2019 and some of motives are visible in the Finance Bill 2019. Read more »

SBP issues procedure for repatriation of foreign shares of Pakistan companies under asset declaration scheme

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for repatriation of foreign assets held in the form of shares of a company incorporated in Pakistan, under Asset Declaration (Procedure &... Read more »

FPCCI may opt harsh decisions against proposed budgetary measures

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on has announced to take harsh decision against duty and tax measures proposed through Finance Bill, 2019. Read more »

FBR sets up Finance Bill 2019 anamoly committee

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday constituted an anamoly committee comprising tax professionals to identify legal flaws in Finance Bill 2019. Read more »

Demand, supply to decide dollar rate: SBP governor

KARACHI: The demand and supply will decide the rate of US dollar, Reza Baqir, Governor, State Bank of Pakistan (SBP) said on Monday in his maiden press conference. Read more »

KCCI seeks three month deferment for implementing unregistered buyers’ details

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Monday urged the government to defer implementation of obtaining information of unregistered buyers. Read more »

Rupee hits another historic low against dollar

KARACHI: The Pak Rupee hit another historic low after depreciation of Rs1.11 against US dollar on Monday owing to payment pressure for oil import. Read more »