Steps afoot to rationalize tax regime: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Tuesday said that steps have been taken for rationalization of tax regime to facilitate taxpayers. Read more »

ECC approves amending import policy order for tightening labeling requirement

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved to amend Import Policy Order to further tighten labeling requirement in order to facilitate local consumers to understand product ingredients. Read more »

Mining industry has potential for industrial growth, job creation: KPK finance minister

KARACHI: Finance Minister of Khyber Pakhtunkhwa Taimur Saleem Khan Jhagra on Tuesday said that mining industry has huge potential for industrial growth and job creation. Read more »

Equity market falls by 262 points on selling pressure

KARACHI: The equity market fell below 40,000 points on Tuesday owing to selling pressure throughout the day. Read more »

Rupee ends down by 20 paisas against dollar

KARACHI: The Pak Rupee fell by 20 paisas against US dollar on Tuesday owing to higher demand for import and corporate payments. Read more »

SME financing crosses over Rs500 billion: SBP

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that SME financing by banks has first time crossed the milestone of Rs500 billion. Read more »

FBR invites income tax proposals for budget 2019-2020

KARACHI: Federal Board of Revenue (FBR) on Tuesday invited income tax proposals from business community for budget 2019-2020. Read more »

Taking out of jewellery and precious stones prohibited

KARACHI: The laws have prohibited export from Pakistan of jewellery or precious stones except with the general or special permission of the State Bank (SBP). Read more »

Peshawar Customs Intelligence to auction confiscated vehicles on February 21

ISLAMABAD: The Directorate General of Intelligence and Investigation, Customs, Peshawar announced public auction of confiscated vehicles to be held on February 21. Read more »

NCCPL to collect capital gain tax on February 27

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Tuesday said that it will collect Capital Gain Tax (CGT) for the month of January 2019 from stock brokers on February 27. Read more »

Rupee depreciates against dollar in early trade

KARACHI: The Pak Rupee depreciated in the early trade on Tuesday owing to higher import and corporate payment demand. Read more »

Income Tax Ordinance 2001: Commissioner’s power to make provisional assessment

KARACHI: The income tax law has empowered a commissioner Inland Revenue to make provisional assessment where a concealed asset of a person impounded by any government agency. Read more »