Philip Morris decides closing factory in Kotri

KARACHI: Philip Morris (Pakistan) Limited, an American multinational cigarette and tobacco manufacturing company, has decided to close down its factory located in Kotri. Read more »

Dollar increases by 12 paisas in early trade

KARACHI: The Pak Rupee has lost 12 paisas against the US dollar in early trade on Monday owing to demand for import and corporate payments. Read more »

Income Tax Ordinance 2001: default surcharge at 12 percent on failure to pay tax

KARACHI: A person fails to pay taxes by due date shall be liable to pay default surcharge at 12 percent per annum. Read more »

Sindh Food Authority seals many breakfast eateries in Karachi

KARACHI: Sindh Food Authority has sealed many breakfast eateries in different districts of Karachi on Sunday. Read more »

MCC Port Qasim directs timely consignment clearance

KARACHI: Model Customs Collectorate (MCC) Port Muhammad Bin Qasim has directed all deputy and assistant collectors to ensure timely clearance of consignments. Read more »

Income Tax Ordinance 2001: three-year jail for person assisting tax evasion

KARACHI: A person is liable to three-year jail term for assisting tax evasion or motivating another person for commit tax offence under prevailing tax laws. Read more »

Headline inflation rises by 8.2 percent in February

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on year-on-year basis in February 2019 as compared to an increase of 7.2 percent in the previous month. Read more »

Rupee ends firmer in cash ready market

KARACHI: The Pak Rupee ended firmer against US dollar in cash ready market on Saturday. Read more »

Weekly Review: Market likely to bounce back on easing Pak-India stand off

KARACHI: After witnessing decline the equity market likely to bounce back during next week after ease in stand off between Pakistan and India. Read more »

Income Tax Ordinance 2001: two-year jail for failing return, statement filing

KARACHI: Federal Board of Revenue (FBR) is going to invoke certain provisions of tax laws, including prosecution for non-compliance to return and statement filing, under which about two years jails suggested for... Read more »

SPI inflation increases by 10.63 percent

ISLAMABAD: The inflation based on Sensitive Price Indicator (SPI) has increased by 10.63 percent by week ended February 28, 2019 as compared with the corresponding week a year ago, according to details... Read more »

Customs valuation meeting at commerce division

ISLAMABAD: A meeting on the Customs Valuation was held here on Friday in the Commerce Division with Abdul Razak Dawood, Prime Minister’s Advisor for Commerce & Textile, Industries & Production and Investment... Read more »