Overstayed consignments: ECC waives Rs700 million penal surcharges

ISLAMABAD: The Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved waiver of penal surcharges to the tune of Rs700 million on overstayed consignments at ports. Read more »

FBR transfers customs officers of BS-18-19

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified transfers and postings of BS-18-19 officers of Pakistan Customs Service (PCS) with immediate effect and until further orders. Read more »

IMF mission chief holds talks with Pak authorities for new program

ISLAMABAD: IMF mission chief for Pakistan, Ernesto Ramirez-Rigo, visited Islamabad and Karachi during March 26-27, for introductory meetings with the authorities, said a statement on Wednesday. Ramirez-Rigo assumed Pakistan mission chief responsibilities... Read more »

FBR facilitates return filing on weekly holidays

ISLAMABAD: Federal Board of Revenue (FBR) has made special arrangements for income tax return filing on the last two days of this month falling on Saturday and Sunday (March 30 & 31),... Read more »

Equity market climbs up by 636 points on expectation of policy rate hike

KARACHI: The equity market climbed up by 636 points on Wednesday following expectation of rate hike in monetary policy to be announced on March 29. Read more »

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Wednesday despite recovery in the intra-day trading. Read more »

FBR notifies promotion of 20 IRS officers to BS-19

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified promotion of 20 Inland Revenue Service (IRS) officers to BS-19 from BS-18 with immediate effect. Read more »

FBR promotes Customs officers to BS-19

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday announced promotion of Pakistan Customs Service (PCS) officers from BS-18 to BS-19 with immediate effect. Read more »

Drug pricing mum on adjustment in foreign currency movement: SBP

KARACHI: The present drug policy is silent on adjustment of prices under foreign currency movement, State Bank of Pakistan (SBP) said in its latest report. Read more »

Rupee gains 17 paisas in mid-day trade

KARACHI: The Pak Rupee gained 17 paisas against US dollar in mid-day trade on improved inflows. Read more »

SBP to announce monetary policy on March 29; experts expect 75bps increase

KARACHI: State Bank of Pakistan (SBP) will announce Monetary Policy for the next two months on Friday, March 29, 2019, a statement said on Wednesday. Read more »

Income Tax Ordinance 2001: total exemption on payment of pension, retirement

KARACHI: Any income representing any payment received by way of gratuity or commutation of pension by an employee on his retirement is exempted from income tax. Read more »