All tax exemptions to have sunset clause: MTEF

ISLAMABAD: The ministry of finance on Monday launched Medium-Term Economic Framework (MTEF), which envisaged that all permanent exemptions to be withdrawn or have a sunset clause. Read more »

SBP to be given independence for money market discipline

ISLAMABAD: The State Bank of Pakistan (SBP) to be given operation and institutional independence for bringing discipline in money market. Read more »

Equity market plunges by 600 points

KARACHI: The equity market plunged by 600 points on Monday owing to reports of possible border confrontation between Pakistan and India. Read more »

Rupee ends down by nine paisas

KARACHI: The Pak Rupee ended down by nine paisas against dollar on Monday after gaining value earlier in the day. Read more »

Amnesty Scheme 2019 likely be introduced on April 15

ISLAMABAD: The government likely to introduce new tax amnesty scheme 2019 for undeclared foreign and local assets from next week. Read more »

Active taxpayers list shows 1.88 million return filers

KARACHI: The number of active taxpayers has increased to 1.88 million for tax year 2018 by April 07, 2019, revealed by official document on Monday. Read more »

Rupee gains five paisas against dollar in early trade

KARACHI: The Pak Rupee gained five paisas against dollar in early trade on Monday owing to monitoring by authorities for import payments. The dollar is being traded at Rs141.25 in interbank foreign... Read more »

Sales Tax Act 1990: buyer, seller jointly responsible for unpaid tax

KARACHI: Where an amount of tax unpaid in supply chain then registered buyer and seller are both responsible for paying to national exchequer. Read more »

Higher duties create anti-export bias: World Bank highlights constraints to Pakistan’s exporters

KARACHI: World Bank has identified three main constraints that are directly affecting Pakistan exporters. These are the anti-export bias of its trade policy, the inadequate export promotion infrastructure, and an ambiguous regulatory... Read more »

Customs to auction huge quantity of vehicles, motor bikes on April 09

KARACHI: Pakistan Customs has announce public auction of used motor vehicles and heavy bikes to be held on April 09, 2019 at Bay West, West Wharf Road, Karachi. Read more »