ISLAMABAD: The federal government on Saturday appointed Dr. Reza Baqir as the governor of State Bank of Pakistan (SBP) for next three years. A notification issued by the finance division said that President of Pakistan had appointed Dr. Reza Baqir as governor SBP for a period of three years from the date he assumes office. […]
ISLAMABAD: Federal Board of Revenue (FBR) on Saturday notified sales tax rates for petroleum products for the month of May 2019. The FBR issued SRO 507(I)/2019 on May 04, 2019 to amend the rates issued on April 30 and also amend the SRO 57(I)/2016 dated January 29, 2016. Following sales tax rates on petroleum products […]
KARACHI: The Pak Rupee gained 20 paisas against dollar on Saturday amid improved inflows in the open market and tight monitoring of law enforcement agency to prevent money laundering. The buying and selling of dollar was recorded at Rs141.30/Rs141.80 as compared with previous day’s closing of Rs141.50/Rs142.00 in cash ready market. Currency dealers said that […]
KARACHI: The staff level agreement of the IMF program is expected to restore confidence of the market, analysts said on Saturday. Volumes usually dry out in the month of Ramzan given shorter trading hours. Albeit, with budgetary proposals following in, we believe certain sectors / scrips may come under limelight. Analysts said that while the […]
ISLAMABAD: The federal government on Friday removed governor of the central bank and chief of the tax collecting agency in the wake of dismal fiscal position of the country and in the presence of visiting IMF mission, reports said. The removal of the heads of top organizations has come at a time when the fiscal […]
KARACHI: Federal Board of Revenue (FBR) has issued updated withholding tax rates on purchase and registration of motor vehicles. The withholding tax rates have been updated through Finance Supplementary (Second Amendment) Act, 2019 as on March 09, 2019.The withholding tax rate on registration of motor vehicle to be collected by excise and taxation department of […]
Islamabad: The Economic Coordination Committee of the Cabinet (ECC) has taken a significant step towards providing relief to the masses by approving a reduction of sales tax by five percent.