Foreign exchange reserves decline to $14.64 billion

KARACHI: The foreign exchange reserves of the country have declined by $188 million to $14.639 billion by week ended June 14, 2019 as compared with $14.826 billion by June 03, 2019, State... Read more »

Prime Minister assures business community of considering sales tax zero rating

KARACHI: Prime Minister Imran Khan has assured business community of considering restoration of sales tax zero rating for export sector. Read more »

KSE-100 gains 340 points on improved sentiments

KARACHI: The stock market gained 340 points on Thursday on improved sentiments. Read more »

Rupee ends flat against dollar

KARACHI: The Pak Rupee ended flat against dollar on Thursday owing to reduction in current account deficit for eleven months. Read more »

FBR outlines action in post July 01 scenario; urges people to avail asset declaration scheme

ISLAMABAD: Federal Board of Revenue (FBR) has outlined course of action in scenario of post July 01, 2019 and some of motives are visible in the Finance Bill 2019. Read more »

SBP issues procedure for repatriation of foreign shares of Pakistan companies under asset declaration scheme

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for repatriation of foreign assets held in the form of shares of a company incorporated in Pakistan, under Asset Declaration (Procedure &... Read more »

List of transactions not to attract 100 percent increased withholding tax

KARACHI: The Finance Bill 2019 has proposed a new schedule related to compliance with 100 percent increased withholding tax rates to persons not appearing on Active Taxpayers List (ATL). Read more »

Customs duty concessions allowed on 1650 raw materials

KARACHI: The government has allowed customs duty concessions on import of 1650 raw materials through Finance Bill 2019. Read more »

Small traders decide to strongly resist FBR’s raids

KARACHI: Small traders have decided to resist strongly any move of the Federal Board of Revenue (FBR) to raid markets and business premises. Read more »