FBR proposes phenomenal increase in valuation of Karachi immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has proposed to phenomenal increase in valuation for commercial and residential immovable properties in Karachi for the purpose of collection of income tax. Read more »

Share market gains 127 points to end fiscal year

KARACHI: The share market ended with a gain of 127 points on the last trading day of fiscal year 2018/2019 despite early day losses. Read more »

Rupee recovers on last trading day of fiscal year

KARACHI: The Pak Rupee ended with gain to Rs160.05 on the last day of the fiscal year at to the dollar on Friday owing to inflows of exports and workers remittances besides... Read more »

Commerce ministry enhances shelf life condition to discourage substandard edible imports

ISLAMABAD: The ministry of commerce has put mandatory requirement of 66 percent shelf life on imported edible items in order to discourage not fit items and save huge foreign exchange. Read more »

Rupee sharply recovers by Rs4.06 against dollar in interbank market

KARACHI: The Pak Rupee sharply recovered by Rs4.06 against dollar in midday trading on Friday owing to inflows and ease in payment, dealers said. Read more »

SRB allows reduced rate of 3pc for outstanding payments by indenters

KARACHI: Sindh Revenue Board (SRB) has allowed a reduced rate of 3 percent sales tax for payment of past four years on services rendered by indenters. Read more »

FBR constitutes ADRCs for eight cities

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday constituted Alternative Dispute Resolution Committees (ADRCs) for speedy disposal of cases in Inland Revenue in eight cities of the country. Read more »

Prime Minister launches campaign to control price hike

ISLAMABAD: Prime Minister Imran Khan on Thursday took serious notice of abnormal price hike and launched a special campaign to control increase in prices of essential items. Read more »

FBR directs recovery of revenue loss from customs intelligence officers

ISLAMABAD: Federal Board of Revenue (FBR) has imposed penalty on two customs intelligence officers and directed recovery from these officials of such government revenue lost due to their negligence. Read more »

Bank holiday

KARACHI: The banks will remain close for public dealing on July 01, 2019, which will be observed as bank holiday on Monday. Read more »

Pakistan’s forex reserves deplete by $288 million to $14.351 billion

KARACHI: The liquid foreign exchange reserves of Pakistan fell by $288 million to $14.351 billion by week ended June 21 as against $14.639 billion a week ago, State Bank of Pakistan (SBP)... Read more »

Stock market witnesses continuous decline on selling pressure

KARACHI: The stock market witnessed another fall of 314 points on Thursday over concerns related to inflationary pressure and monetary tightening. Read more »