FBR issues draft rules to implement tax amnesty scheme 2019

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified draft rules to implement tax amnesty scheme 2019. The FBR invited comments or objections on the rules by May 22, 2019. Read more »

Stock market gains 84 points after early day losses

KARACHI: The stock market ended with gain of 84 points after recovery from massive loss earlier in the day on Monday. Read more »

SBP increases policy rate by 150 basis points in line with IMF directives

KARACHI: State Bank of Pakistan (SBP) on Monday increased key policy rate by 150 basis points to 12.25 percent, which is inline with the direction of newly agreed loan program with the... Read more »

Customs Intelligence Lahore to auction vehicles on May 23

LAHORE: Directorate of Intelligence and Investigation, Customs, Lahore has announced auction of vehicles to be held on May 23 at State Warehouse of the directorate. Following vehicles would be presented for the... Read more »

Rupee depreciates further against dollar in mid-day trading

KARACHI: The Pak Rupee fell further 80 paisas against dollar in mid-day trading on Monday Read more »

ICAP suggests reviewing extra tax on electricity, gas consumption by industrial, commercial consumers

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has suggested the tax authorities to review imposition of extra sales tax on electricity and gas as this levy is passed unnecessarily to consumers... Read more »

Additional advance tax proposed on all type of motor vehicles to discourage premium

KARACHI: Federal Board of Revenue (FBR) has been urged to impose Rs100,000 as additional advance tax on all type of motor vehicles, which are sold before registration. Read more »