Commerce ministry issues clarification to ban on Indian imports

ISLAMABAD: The ministry of commerce has issued clarification regarding ban on imports from India and said that letter of credit (LC) or bill of lading (BL) issued prior August 09, 2019 shall... Read more »

Non-ATL commission agents to pay up to 24 percent withholding tax

ISLAMABAD: Federal Board of Revenue (FBR) has said that commission agents not appearing on Active Taxpayers List (ATL) shall pay 24 percent withholding tax during tax year 2019/2020 effective from July 01,... Read more »

Hubco declares commercial operation date for 1320MW coal-based power plant

KARACHI: China Power Hub Generation Company (CPHGC) – a joint venture between The Hub Power Company Ltd. (HUBCO) and China Power International Holding – has declared the Commercial Operations Date (COD) of... Read more »

SBP sets maximum payment limits for board members of banks, DFIs

KARACHI: The State Bank of Pakistan (SBP) on Saturday amended Prudential Regulations G-1 and sets maximum limits for payment to board members of banks and Development Financial Institutions (DFIs). Read more »