SBP sells treasury bills worth Rs2,107.51 billion in auction

KARACHI: The State Bank of Pakistan (SBP) has raised Rs2,107.51 billion in an auction of Market Treasury Bills (MTBs) held on Wednesday. Read more »

FBR identifies undeclared foreign assets of 152,201 Pakistanis

ISLAMABAD: The tax authorities have identified 152,201 Pakistani nationals with undeclared assets abroad, Mohammad Jehanzeb Khan, Chairman, Federal Board of Revenue (FBR) said on Wednesday. Read more »

PTCL customers to get discount on Careem rides

KARACHI: Pakistan Telecommunication Company Limited (PTCL) collaborates with Careem to offer discounts on rides for its customers across Pakistan. Read more »

Equity market ends down as profit taking continues

KARACHI: The equity market witnessed continuation in yesterday’s profit taking on Wednesday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 40,544 points from previous day’s closing of 40.596 losing... Read more »

Rupee weakens by two paisas against US dollar

KARACHI: The Pak Rupee ended down by two paisas against US dollar on Wednesday amid demand for import and corporate payments. Read more »

Pakistan to get record investment on Saudi Crown Prince visit: Minister

ISLAMABAD: Pakistan will get record investment on the visit of Saudi Crown Prince, who is scheduled to arrive on February 16, 2019, said a minister on Wednesday. Read more »

Allied Bank declares Rs12.88 billion profit after tax for year 2018

KARACHI: Allied Bank Limited on Wednesday declared Rs12.88 billion profit after tax for the year 2018, which was 1.15 percent higher than the profit of Rs12.733 billion in the preceding year. Read more »

FBR explains inclusion into ATL for availing tax benefits

ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits. Read more »

Arif Usmani appointed NBP President, CEO

KARACHI: The federal government has appointed Arif Usmani as President and Chief Executive Officer (CEO) of National Bank of Pakistan (NBP), said an official note received by Pakistan Stock Exchange (PSX) on... Read more »

Rupee maintains level against dollar in early trading

KARACHI: The Pak Rupee has started the day by maintaining its value against dollar on Wednesday, dealers said. The dollar was being traded at Rs138.91 in early day trading in interbank foreign... Read more »

Income Tax Ordinance 2001: persons not required to file annual income return

KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR). Read more »

PTCL group’s revenue grows to Rs126.2 billion

KARACHI: Pakistan Telecommunication Company Limited (PTCL) Group’s revenue for the year 2018 has grown YoY by 8 percent to Rs126.2 billion as a result of positive contribution by all group companies. Read more »