Petrol, high speed diesel prices increased for November

ISLAMABAD: The government on Thursday increased the prices of petrol and high speed diesel on sales to end consumers. Read more »

Monthly sales tax return filing date extended to November 08

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday extended the last date for filing monthly sales tax and federal excise tax return for the month of September 2019 up to November 08,... Read more »

Pakistan’s foreign exchange weekly reserves decrease by $96 million to $15.089 billion

KARACHI: Pakistan’s total liquid foreign exchange reserves decrease by $96 million to $15.089 billion by week ended October 25, 2019 as compared with $15.186 billion a week ago, State Bank of Pakistan... Read more »

Stock market gains 442 points amid political uncertainty

KARACHI: The stock market gained 442 points on Thursday despite political uncertainty due to Azadi March (protest relly) launched by JUI-F. Read more »

Rupee gains six paisas on inflows

KARACHI: The Pak Rupee gained another six paisas against dollar on Thursday owing to improved supply of the foreign currency in the market. Read more »

FBR extends date for filing income tax returns up to November 30

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing income tax returns and wealth statements for tax year 2019 up to November 30, 2019, according to a notification... Read more »

SBP allows banks to accept electronic warehouse receipts as collateral for financing

KARACHI: State Bank of Pakistan (SBP) has allowed banks to accept electronic warehouse receipts as collateral for lending against storage of agriculture produce and commodities, said a statement on Thursday. Read more »

SBP identifies shortfall in collateral obtained by Silkbank

KARACHI: State Bank of Pakistan (SBP) has identified shoartfall in collateral against financial facilities granted by Silkbank Limited. Read more »

About 7.65 million bank accounts still require biometric verification for AML/CFT compliance

KARACHI: Around 7.65 million bank accounts are still unverified till June 30, 2019. The verification of bank accounts is mandatory through biometric system in order to mitigate risks of money laundering and... Read more »

FBR may extend date beyond Oct 31 for return filing tax year 2019

KARACHI: Federal Board of Revenue (FBR) is likely to extend the last date for filing income tax returns for salaried and business individuals beyond October 31, 2019. Read more »

State Bank incurs Rs506 billion exchange loss in 2018/2019

KARACHI: The State Bank of Pakistan (SBP) incurred a net exchange loss of Rs506.13 billion during fiscal year 2018/2019 as against exchange loss of Rs72.28 billion during the preceding fiscal year, according... Read more »

Stock market ends down by 36 points amid narrow band trading

KARACHI: The stock market ended down by 36 points on Wednesday in narrow band trading. Read more »