PSW to reduce trade cost, time, and complications: Tarin
ISLAMABAD: Finance Minister Shaukat Tarin on Friday said that Pakistan Single Window (PSW) will facilitate trade by reducing cost, time and complications. Shaukat Tarin presided over the first meeting of […]
KSE-100 index plunges by 1,562 points in week
KARACHI: The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a decline of 223 points on Friday and witness a fall of 1,562 points to end the week. […]
FBR rebuts currency smuggling to Afghanistan
ISLAMABAD: Federal Board of Revenue (FBR) strongly rebutted the reports of currency smuggling from Pakistan to Afghanistan. In a statement issued on Friday, the FBR categorically rebutted the unfounded, malicious […]
KIBOR rates on September 24, 2021
KARACHI: State Bank of Pakistan (SBP) on Friday issued the following Karachi Interbank Offered Rates (KIBOR) on September 24, 2021. Tenor BID OFFER 1 – Week 7.19 7.69 2 – Week 7.24 7.74 1 – […]
One month date extension demanded for filing tax returns
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday demanded the tax authorities to extend the last date of filing returns for the tax year 2021 up to October […]
PKR falls against dollar in interbank market
KARACHI: The Pak Rupee (PKR) continued its slide against the dollar on Friday in the interbank foreign exchange market. The rupee fell by five paisas to close at Rs169.08 to […]
Prosecution for offence by companies, AOPs
Section 200 of Income Tax Ordinance, 2001 has explained the prosecution for offence by companies or association of persons (AOPs). The Federal Board of Revenue (FBR) issued the Income Tax Ordinance, 2001 […]
Non-filers get ready for suspension of phone, gas, power
ISLAMABAD: Persons fail to file their annual tax returns by September 30, 2021 may face blockage of mobile phone service or disconnection of gas and electricity. The Federal Board of […]
SBP issues customers exchange rates for September 24
KARACHI: The State Bank of Pakistan (SBP) on Friday issued customers’ exchange rates for September 24, 2021. The exchange rate is on the basis of weighted average rates of commercial banks. The SBP said the data is compiled and disseminated […]
Depositors’ protection money enhanced to Rs500,000
KARACHI: The Deposit Protection Corporation (DPC) has increased the guarantee amount for all eligible depositors of banks from Rs250,000 to Rs500,000. The State Bank of Pakistan (SBP) on Friday said […]