2019/2020: Withholding tax rates on insurance premium

ISLAMABAD: The insurance companies are required to deduct/collect withholding tax only from persons not appearing on the Active Taxpayers List (ATL) at the time of collection of insurance premium. Read more »

Business community condemns Indian illegal action

KARACHI: The business community has condemned India’s illegal actions, Indian atrocities and violation of rights of Kashmiri people. Read more »

SBP launches Islamic working capital financing for small, medium enterprises

KARACHI: State Bank of Pakistan (SBP) on Wednesday launched Islamic Working Capital Financing (IWCF) for small enterprises and low-end medium enterprises. Read more »

Customs intelligence official awarded ‘dismissal from service’ on corruption charges

ISLAMABAD: Federal Board of Revenue (FBR) has imposed major penalty of ‘dismissal from service’ upon customs intelligence official on the charges of corruption, misconduct and inefficiency. Read more »

FBR promotes 57 officials to post of superintendents (BS-16)

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday promoted 57 officials including superintends, inspectors, intelligence officers of customs department to the post of Superintendent (BS-16) and notified their transfer and postings with... Read more »

FBR allows retail price printing relaxation on imported consumer items

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended relaxation on mandatory printing of retail prices on imported consumer items after receiving several representations from stakeholders. Read more »

KIA launches sportage vehicle in Pakistan

KARACHI: KIA Lucky Motors on Wednesday launched Pakistan’s first all-wheel 2000 CC SUV. KIA Sportage is Pakistan’s first all-wheel drive car with 100,000 km or 4 years warranty. Read more »

Stock market plunges by 723 points on weak financial results

KARACHI: The share market plunged by 723 points on Wednesday due to poor financial results of major scrips and confrontation between Pakistan and India on Kashmir issue. Read more »

Rupee continues to make gain against dollar on eighth consecutive trading day

KARACHI: The Pak Rupee continued to make gain against dollar for eighth consecutive day on Wednesday owing to improved inflows of home remittances related to Eid-ul-Azha. The rupee gained 40 paisas to... Read more »

MCB Bank declares Rs10.67 billion net profit for first half

KARACHI: MCB Bank has declared Rs10.67 billion net profit for first half (January – June) 2019 as compared with the profit of Rs9.76 billion in the same half of the last year. Read more »