All sales tax refund claims to be processed through risk management system

ISLAMABAD: Federal Board of Revenue (FBR) has said that every refund claim of sales tax refund shall be processed through Risk Management System of the FBR’s computerized system. Read more »

Abolition of SRO 1125 does not affect income tax concessions

KARACHI: The abolition of SRO 1125(I)/2011 has not taken away concessions available under income tax laws, the ministry of law and justice said in its opinion. Read more »

Customs stops goods removal from EPZ without authority

KARACHI: Pakistan Customs has stopped removal of goods from export processing zones by customs agents without authority letter of investors or importer of the EPZ. Read more »

Weekly Review: Bulls likely return on attractive levels

KARACHI: The stock market may witness bullish trends during the next week after bears dominated the current week, analysts said. Read more »

FBR lists prohibited items for import, export

KARACHI: Federal Board of Revenue (FBR) has issued list of items that are prohibited for clearance of import or export under Customs Act, 1969. Read more »

PM’s economic team to hold dialogues with business community for growth

ISLAMABAD: The economic team of the Prime Minister will hold dialogues with business community to take input for economic stability and growth. Read more »

SBP urges business community to discourage cash transactions

KARACHI: The governor of State Bank of Pakistan (SBP) Dr. Reza Baqir has urged the business community to discourage cash transactions in order to help the economy to grow. Read more »

FBR transfers BS-20 officers of Pakistan Customs Service

ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of officers of BS-20 Pakistan Customs Service (PCS) with immediate effect and until further orders. Read more »

Stock market falls by 487 points

KARACHI: The stock market fell by 487 points on Friday as bearish trend prevailed on major scrips. Read more »

Rupee ends with 36 paisas gain against dollar

KARACHI: The Pak Rupee ended with gain of 36 paisas against dollar on Friday owing to improved inflows of remittances and export receipts. Read more »