Non-filers allowed purchase of locally assembled motor vehicles of any engine capacity

ISLAMABAD: The federal government has allowed non-filers of income tax returns to purchase of locally assembled motor vehicles of any engine capacity. Read more »

PM approves country’s first-ever National Tariff Policy

ISLAMABAD: Prime Minister Imran Khan on Wednesday approved the first-ever ‘National Tariff Policy’ which is aiming to improve competitiveness through access to raw materials, increase employment opportunities by attracting investment through transparent... Read more »

Sindh Food Authority finds unhygienic, expired food items in North Nazimabad shops

KARACHI: Sindh Food Authority (SFA) on Wednesday raided several shops of sweets and bakers and found unhygienic environment and expired food items. Read more »

Industry demands separate gas line to avoid production losses

KARACHI: The business community has demanded separate gas line for industries and CNG stations in order to avoid production losses. Read more »

Equity market ends down by 120 points on selling pressure

KARACHI: The equity market ended down by 120 points on Wednesday owing to continued selling pressure. Read more »

Rupee ends down by 11 paisas against dollar

ISLAMABAD: The Pak Rupee ended down by 11 paisas against dollar in interbank foreign exchange market owing to high demand for import and corporate payments. Read more »

FBR promotes customs officers to BS-18

KARACHI: Federal Board of Revenue (FBR) has promoted officers of Pakistan Customs Service (PCS) from BS-17 to BS-18 on regular basis with immediate effect. Read more »

Income Tax Ordinance 2001: furnishing customers’ information by banks

KARACHI: Banks are required to provide certain details of their customers and transactions to Federal Board of Revenue (FBR) for subsequent use of identifying new taxpayers and tax evasion. Read more »

Cement exports increase sharply by 52 percent in eight months

KARACHI: Pakistan’s cement exports registered unprecedented growth of 52 percent during first eight months (July – February) of fiscal year 2018/2019 mainly on the back of rupee depreciation and focus on low... Read more »

Banking sector profits decline by 7 percent in 2018

KARACHI: The profits of banking sector have declined by 7 percent to Rs149 billion in 2018 as compared with around Rs160 billion in the preceding year, according to analysis of Topline Research... Read more »