Pakistan approaches IMF on bad economic conditions: Dr. Hafeez Shaikh

KARACHI: Pakistan has approached the IMF for a new loan program due to bad economic conditions of the country, Advisor to Prime Minister on Finance Dr. Hafeez Shaikh said on Thursday. Read more »

KSE-100 ends down 321 points on panic selling

KARACHI: Pakistan Stock Market (PSX) on Thursday fell by 321 points in panic selling over significant decline of rupee against dollar. Read more »

Dollar touches record high of Rs146.52 to close in interbank

KARACHI: The Pak Rupee depreciated massively against dollar to end at record low of Rs146.52 by shedding Rs5.12 in the single day trading. Read more »

SBP to announce monetary policy on May 20

KARACHI: State Bank of Pakistan (SBP) will announced monetary policy for next two months on Monday, May 20, 2019. Read more »

Shipping agents demand forming task force to eliminate under/over invoicing

KARACHI: Shipping agents have demanded the Federal Board of Revenue (FBR) to form taskforce / joint investigation team (JIT) to eliminate the menace of under / over invoicing, mis-declaration and smuggling in... Read more »

Rupee hit historict low against dollar in interbank market

KARACHI: The Pak Rupee hit historic low against dollar at Rs 148 in mid-day trading on Thursday. Read more »

FBR recommended to exempt income tax on mortgage loans to facilitate salaried persons

KARACHI: Federal Board of Revenue (FBR) has been recommended to exempt income tax on mortgage loans in order to facilitate salaried persons. Read more »

FBR suggested abolishing withholding tax for corporate manufacturers

KARACHI: Federal Board of Revenue (FBR) has been suggested to abolish withholding tax on import stage for corporate manufacturers in order to attract investment in the country. Read more »

Amnesty Scheme -2019: text of presidential ordinance

ISLAMABAD: The amnesty scheme announced by the government for foreign and domestic undeclared assets a day earlier has been launched through promulgation of presidential ordinance on Wednesday. Read more »

OICCI welcomes Shabbar Zaidi’s appointment as FBR chairman

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI), has appreciated the appointment of tax expert Shabbar Zaidi as Chairman of the Federal Board of Revenue (FBR), a statement said on... Read more »