Budget 2019/2020: sales tax zero-rating abolished

ISLAMABAD: The government has abolished sales tax zero-rated by rescinding SRO 1125(I)/2011 for export sectors. However, new mechanism of refund has been introduced which would be paid at the time of realization... Read more »

Budget 2019/2020: salary, pension increased up to 10 percent

ISLAMABAD: The government has announced increase up to 10 percent in salary and pension in the federal budget 2019/2020. Read more »

Budget 2019/2020 at glance

ISLAMABAD: Following is the glance of budget 2019/2020. Read more »

Budget 2019/2020 with massive tax burden presented

ISLAMABAD: The present government on Tuesday presented its first budget with total outlay of Rs 7,022 billion for the fiscal year 2019-2020, registering growth of 30 percent against the revised budget of... Read more »

Rupee weakens by Rs1.36 against dollar

KARACHI: The Pak Rupee weakened by Rs1.36 against the US dollar on Tuesday as demand persists for import payment. The rupee closed at Rs151.47 to the dollar from previous day’s close of... Read more »

Government borrows Rs3.2 trillion from SBP in 10 months: Economic Survey

ISLAMABAD: The government has borrowed Rs3.2 trillion from State Bank of Pakistan (SBP) for budget financing during first ten months of current fiscal year, Economic Survey of Pakistan revealed. The survey released... Read more »

World Bank helps Sarena Hotels to obtain global business certification for gender equality

ISLAMABAD: International Finance Commission (IFC), a member of the World Bank Group, is partnering with one of the largest hotel chains in South Asia, Serena Hotels Pakistan, to help it become the... Read more »

Share of indirect taxes increases to 60.9 percent: Economic Survey

ISLAMABAD: Despite claims of authorities to increase the share of direct taxes in total revenue, the share of indirect taxes further increased to 60.9 percent in 2018/2019. Read more »

PIA implements business plan to improve financial health

ISLAMABAD: Pakistan International Airlines Corporation (PIAC) has implemented strategic business plan to improve its financial health, according to Economic Survey 2018/2019 launched a day earlier. Read more »

FBR to force all NTN holders for filing tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has chalked out a comprehensive plan to broaden the tax base by enforcing tax returns in the case of all National Tax Number (NTN) holders. Read more »

National Savings to issue registered prize bonds in all denominations

ISLAMABAD: The Central Directorate of National Savings (CDNS) to issue scripless registered prize bonds amongst all denominations with objective to document the economy. Read more »

Economic Survey 2018/2019: SBP increases policy rate by 650bps in past 18 months

ISLAMABAD: State Bank of Pakistan (SBP) enhanced policy rate by 650 basis points during last 18 months (January 2018 to date) for macroeconomic stabilization. Read more »