FBR warns stern action against under-invoicing, mis-declaration

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch drive against manufacturers and importers indulged in under invoicing and incurring huge revenue losses to national exchequer. FBR chairman Syed Shabbar Zaidi,... Read more »

No unnecessary transfers of senior officials: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday asked the senior officers to concentrate on their work as no unnecessary transfers and posting will be notified. Read more »

Inland Revenue directed to ensure no zero-rate supply of gas, electricity

ISLAMABAD: Federal Board of Revenue (FBR) has directed offices of Inland Revenue to ensure implementation of normal tax rate on supply of gas and electricity to manufacturing facilities. Read more »

Foreign exchange reserves increase to $15.249 billion

KARACHI: The total liquid foreign exchange reserves of the country increased by $990 million to $15.249 billion by week ended July 12, 2019 as compared with $14.259 billion a week ago, State... Read more »

SBP designates three systemically important banks for 2019

KARACHI: State Bank of Pakistan (SBP) has designated three Domestic Systemically Important Banks (D-SIBs) for the year 2019, a statement said on Thursday. Read more »

Stock market erodes by 672 points on massive selling

KARACHI: The stock market eroded by 672 points on Thursday following significant selling pressure during the day. Read more »

Rupee falls by 21 paisas against dollar

KARACHI: The Pak Rupee fell 21 paisas against dollar on Thursday due to higher demand for import and corporate payments. Read more »

Tax collection from salary income declines by 44 percent: State Bank

KARACHI: Tax collection from salary income declined by 44 percent due to changes in income tax rates for all income slabs, according to a report issued by State Bank of Pakistan (SBP). Read more »

Oversight Board revokes registration of audit firm

KARACHI: The Audit Oversight Board (AOB) has revoked the registration of an audit firm and thereby stopped it from carrying out audit of public interest companies, a statement said on Wednesday. Read more »