KTBA asks FBR to clarify filing withholding statements after amendment

KARACHI: Karachi Tax Bar Association (KTBA) has asked Federal Board of Revenue (FBR) to issue clarification regarding filing withholding tax statement following amendment made through Finance Supplementary (Second Amendment) Act, 2019. Read more »

Exchange companies stop dollar selling except for needy customers

KARACHI: Foreign exchange companies have decided to stop sale of dollars except for needy customers for education, health and Hajj, said Malik Bostan, President, Forex Association of Pakistan (FAP) on Friday. Read more »

Second phase of Pak-China FTA not at cost of local industry: FPCCI

KARACHI: Federation of Chambers of Commerce and Industry (FPCCI) has advised the government that the second phase of Pak-China Free Trade Agreement (FTA) should not be at the cost of local industry.... Read more »

FBR promotes customs officers to BS-17

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of Superintendents, Principal Appraiser, and Superintendent Preventive of Customs Department are promoted to the post of Assistant Collector (BS-17) in Pakistan Customs... Read more »

Stock market remains flat on lack of investors’ interest

KARACHI: The stock market ended flat on Friday as lack of interest by investors in blue chips. Read more »

Rupee gains 10 paisas against dollar

KARACHI: The Pak Rupee gained 10 paisas against dollar on Friday following ease in demand for scheduled repayment for foreign loans. Read more »

Sales Tax Act 1990: rate in force to apply at time of supply

KARACHI: If there is change in rate of sales tax then it shall apply at the time of supply. Read more »

Past revenue-centric policies hurt exports: Prime Minister

ISLAMABAD: Prime Minister Imran Khan has said that the revenue-centric economic policies of past governments have badly damaged the competitiveness of Pakistan’s exports. Read more »

Bill to amend foreign exchange regulations presented

ISLAMABAD: The finance ministry has presented a bill in the parliament to amend foreign exchange regulations to stop illegal transactions. Read more »

Interloop IPO’s 43pc subscription made through CDC’s electronic system

KARACHI: Stock market investors now prefer to use electronic IPO platforms to subscribe for new IPOs. In recent Interloop IPO, 43 percent of total subscriptions (both physical and electronic), or around 80... Read more »