Hafeez Shaikh assures forex dealers of reducing foreign currency limit on travel abroad

ISLAMABAD: Dr. Abdul Hafeez Shaikh, adviser to Prime Minister on Finance and Revenue on Tuesday assured foreign exchange dealers of reducing limit for carrying foreign currency on traveling abroad. Read more »

SBP waives 100 percent cash margin requirement on various imported goods

KARACHI: State Bank of Pakistan (SBP) has waived condition of 100 cash margin on import of various goods against five different HS Codes. Read more »

Textile exporters oppose proposed plan for abolishing zero-rating, FTR

KARACHI: The textile exporters have strongly opposed to the proposed withdrawal of zero-rating of sales tax and abolishing Final Tax Regime (FTR). Read more »

SBP renews status of credit rating agencies

KARACHI: State Bank of Pakistan (SBP) has renewed the status of two leading credit rating agencies. Read more »

Stock market falls by 748 points on profit taking

KARACHI: The stock market fell by 748 points on Tuesday on aggressive profit taking by the investors. Read more »

Rupee falls by 45 paisas against dollar

KARACHI: The rupee has lost 45 paisas against dollar on Wednesday owing to higher demand for import and corporate payments. Read more »

Important meeting on exchange rate situation to be held today

KARACHI: Dr. Abdul Hafeez Shaikh to chair an import meeting of a committee which will also be attended by members of exchange companies association today (Tuesday) to discuss the options for strengthening... Read more »

FBR withdraws zero-rate facility to textile unit for no business activity at declared address

KARACHI: Federal Board of Revenue (FBR) suspended zero-rated sales tax facility on supply of electricity and gas to a textile unit for not operational at declared place of business activity. The FBR... Read more »

FBR urged to extend tax credit to investment in infrastructure

KARACHI: Federal Board of Revenue (FBR) has been urged to extend tax credit facility to investment in factory building and manufacturing related infrastructure. Read more »