Forex exchange reserves fall to $16.19 billion on sovereign bond repayment

KARACHI: The foreign exchange reserves of the country fell by $1.03 billion during a week owing to huge repayment made against Pakistan Sovereign Bond. Read more »

Freezing bank account, raid only on discovery of evasion: KCCI

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has recommended that harsh measures of freezing bank account and raid should only be undertaken on discovery of massive tax evasion. Read more »

Equity market ends higher in seesaw trade

KARACHI: The equity market gained 59 points on Thursday after witnessing seesaw trading during the day. Read more »

Rupee maintains level against dollar

KARACHI: The Pak Rupee remained unchanged against dollar on Thursday amid lackluster trading activities. Read more »

Foreign Direct Investment falls by 51.4 percent in nine months

KARACHI: The foreign direct investment (FDI) has declined by 51.4 percent to $1.27 billion during first nine months of current fiscal year as compared with $2.6 billion in the corresponding period of... Read more »

Zubyr Soomro appointed as NBP board chairman

KARACHI: Zubyr Soomro has been appointed as chairman of Board of Directors of National Bank of Pakistan (NBP), said a notice to Pakistan Stock Exchange (PSX) on Thursday. Read more »

Sales Tax Act 1990: six years record required to be maintained

KARACHI: A person, who is undertaking activities of taxable supplies, is required to maintain record and documents of past six years. Read more »

FBR amends requirement of cash withdrawal information by banks

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued new instructions to banks regarding providing details of cash withdrawal by filers and non-filers. Read more »