KARACHI: The equity market plunged by 342 points on Wednesday owing to negative trading sentiments.
KARACHI: The inflow of Foreign Direct Investment (FDI) into Pakistan fell by 19.2 percent during first half (July – December) of the current fiscal year, State Bank of Pakistan (SBP) said on Wednesday.
KARACHI: The Pak Rupee ended down by one paisa against dollar on Wednesday in a range bound foreign currency market.
KARACHI: Pakistan Customs on Wednesday destroyed huge quantity of counterfeit products worth Rs120 million in order to enforce laws related to intellectual property rights.
KARACHI: The Federal Board of Revenue (FBR) on Wednesday imposed a fine of 10 percent on the total amount of duty and taxes involved for the clearance of unregistered mobile phones.
KARACHI: Textile industry has failed to improve exports despite availing incentives of duty and taxes.
KARACHI: Stock brokers have been directed to file suspicious transaction report (STR) with Financial Monitoring Unit (FMU) under regulations related to anti money laundering and countering financing terrorism.
ISLAMABAD: Federal Board of Revenue (FBR) has said that salary individuals having taxable income above Rs800,000 to Rs12,000 shall pay Rs2,000 as minimum tax for Tax Year 2019. According to latest withholding tax…
ISLAMABAD: The ministry of commerce has issued a notification making it mandatory the clearance of new/used imported vehicles under concessionary schemes through payment in foreign exchange. The ministry issued SRO 52(I)/2019 dated…
KARACHI: Model Customs Collectorate (MCC) Preventive will conduct public auction of confiscated vehicles on January 18, 2019 to be held at Headquarters of Anti-Smuggling Organization (ASO), Ghasbandar, Karachi.
ISLAMABAD: Prime Minister’s Task Force has proposed zero percent income tax on internet for promotion of IT industry. Second meeting of Prime Minister’s Task Force on IT and Telecom was held on…
KARACHI: The advance tax rates have be prescribed on domestic and foreign air tickets to be collected from purchaser of the tickets.