Trade deficit contracts by 13.02 percent to $23.67 billion in nine months

ISLAMABAD: Pakistan’s trade deficit has contracted by 13.02 percent during first nine months (July – March) 2018/2019 due to significant decline in import bill in the same period, according to trade data... Read more »

Remittances increase to $16.1 billion in July – March

KARACHI: Overseas Pakistani workers have remitted $16.1 billion during first nine months (July – March) 2018/2019 as compared with $14.8 billion in the same period of the last fiscal year, showing 8.74... Read more »

KSE-100 index falls 33-month low on revision in growth forecast

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) plunged to 33-month low on Wednesday due to downward revision in growth forecast by IMF for Pakistan. Read more »

Rupee makes gain against dollar

KARACHI: The Pak Rupee made slight gain against dollar on Wednesday amid lower demand for import and corporate payments. Read more »

FBR promotes 49 Inland Revenue Officers to Assistant Commissioner BS-17

ISLAMABAD: Federal Board of Revenue (FBR) o Wednesday promoted 49 officers of Inland Revenue from BS-16 to the post of Assistant Commissioner Inland Revenue (BS-17) with immediate effect. Read more »

Sales Tax Act 1990: refund of input tax payable in 45 days

KARACHI: Federal Board of Revenue (FBR) is required to pay sales tax refunds to the taxpayers in 45 days from the date of filing claim. Read more »

Ministry notifies implementation of labeling, printing requirements on imported goods from July 01

ISLAMABAD: The ministry of commerce on Tuesday notified the implementation of labeling and printing conditions on imported goods from July 01, 2019. The commerce ministry issued SRO 438(I)/2019 to amend Import Policy... Read more »

MCC Islamabad announces auction of vehicle on April 11

ISLAMABAD: Model Customs Collectorate (MCC) Islamabad has announced public auction of confiscated vehicles and those vehicles surrendered by Prime Minister House under austerity measures and surrendered by National Agricultural Research Centre (NARC)... Read more »