Pakistan’s foreign exchange reserves slip to $15.09 billion

KARACHI: The foreign exchange reserves of the country have slipped by $36 million to $15.09 billion by week ended May 24, 2019 as compared with $15.126 billion a week ago, State Bank... Read more »

Stock market makes nominal gain amid selling pressure

KARACHI: The stock market ended flat on Thursday after witnessed high band trading during the day. Read more »

Rupee makes sharp gains of Rs1.35 against dollar

KARACHI: The Pak Rupee made significant recovery of Rs1.35 against dollar on Thursday owing to measures taken by the government to check illegal outflows of the foreign currency. Read more »

SRB suspends sales tax registration of Multinet Pakistan

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Multinet Pakistan (Pvt.) Limited for defaulting tax payment and non-compliance in filing monthly sales tax return. Read more »

ICAP proposes restricting powers of Directorate General Intelligence and Investigation

KARACHI: Institute of Chartered Accountants of Pakistan (ICAP) has proposed restricting powers of Directorate General of Intelligence and Investigation (I&I) as multiple powers of tax authorities are causing hardship for taxpayers. Read more »

PTBA suggests reducing record retention time to five years under Sindh tax laws

KARACHI: Pakistan Tax Bar Association (PTBA) has submitted budget proposals 2019/2020 to Sindh Revenue Board (SRB) suggesting to reduce time limit for retaining records to 5 years from 10 years. Read more »

National Economic Council approves GDP target at 4pc for 2019/2020

ISLAMABAD: The National Economic Council (NEC) in its meeting held on Wednesday approved GDP target at 4 percent for fiscal year 2019/2020. Read more »