National Bank declares 14.5 percent decline in after tax profit on imposition of super tax

KARACHI: National Bank of Pakistan (NBP) has declared 14.5 percent decline in after tax profit for the first quarter ended March 31, 2019 due to imposition of super tax. Read more »

SBP raises record Rs3,100 billion through MTBs auction at cut-off yield higher than key policy rate

KARACHI: The State Bank of Pakistan (SBP) has raised record huge amount of Rs3,100.71 billion through an auction of Market Treasury Bills (MTBs) at a cut-off yield much higher than the key... Read more »

FBR issues Urdu version of Tax Amnesty Scheme – 2019

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued Urdu version of presidential ordinance for Tax Amnesty Scheme – 2019. Read more »

New petroleum policy to offer incentives to foreign E&P companies: Imran Khan

ISLAMABAD: Prime Minister Imran Khan has said that the government is working on a new petroleum policy, which will offer incentives to foreign exploration and production (E&P) companies. Read more »

FBR chairman warns unregistered industrial, commercial consumers of penal action

ISLAMABAD: Syed Muhammad Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) Wednesday warned industrial and commercial consumers of gas and electricity to get registered with sales tax authorities, otherwise penal action will... Read more »

Stock market recovers 1195 points on hopes of state fund buying

KARACHI: The stock exchange recovered around 1195 points on Wednesday on the hope of buying through state fund. Read more »

Rupee maintains level against dollar after significant decline

KARACHI: The Pak Rupee maintained level on Wednesday after many days of continuous falling against dollar in interbank foreign exchange market. The rupee ended Rs151.95 to the dollar from previous day’s closing... Read more »

FPCCI expresses concerns over policy rate hike

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed concerns over recent significant rise in key policy rate by State Bank of Pakistan (SBP). Read more »

FBR restructuring proposed to make autonomous body

KARACHI: The government has been proposed to make Federal Board of Revenue (FBR) as an autonomous body on similar line as State Bank of Pakistan. Read more »

Car imports massively fall by 45pc in 10 months on restriction of duty, tax payment through foreign remittances

KARACHI: The import of motor cars sharply declined by 45 percent during first ten months of current fiscal year owing to restriction imposed of duty and tax payment through foreign currency account... Read more »