Ufone, SCO sign bilateral roaming service agreement

ISLAMABAD: Special Communications Organization (SCO), the largest Integrated Telecom Service Provider in Azad Jammu & Kashmir (AJ&K) and Gilgit-Baltistan (GB) and Ufone have signed a Bilateral Roaming Services Agreement at PTCL headquarters,... Read more »

FBR makes mandatory for big retail chains to share real-time sales data from December 01

ISLAMABAD: The big retail chains in the country will share their sales data with the Federal Board of Revenue (FBR) on real-time basis from December 01, 2019. In order to implement the... Read more »

Financial institutions report 219 suspicious transactions since AML/CFT regulatory framework launch: SECP

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has said around 219 Suspicious Transactions Reports (STRs) have been generated by financial institutions since launch of its Anti-Money Laundering (AML)/Counter Financing Terrorism... Read more »

Pakistan’s foreign exchange reserves at $14.993 billion

KARACHI: The total liquid foreign exchange reserves of Pakistan declined nominally by $11 million to $14.993 billion by week ended October 04, 2019 as compared with $15.003 billion a week ago, State... Read more »

Stock market gains over 500 points on improved trading activities

KARACHI: The stock market gained over 500 points on Thursday on across the board trading activity witnessed in the market. Read more »

Overseas Pakistanis remit $5.478 billion in July – September

KARACHI: The overseas workers have sent $5.478 billion during first quarter (July – September) of current fiscal year, which is 1.43 percent down when compared with $5.557 billion in the corresponding period... Read more »

Rupee gains 14 paisas on improved sentiments

KARACHI: The rupee gained 14 paisas against dollar on Thursday owing to improved economic sentiments. Read more »

Pakistan’s oil, gas reserves witness increase

KARACHI: Pakistan’s oil and gas reserves have witnessed increase by 7 percent and 1.4 percent, respectively, according to analysts at Topline Research. Read more »

Account holders with Rs10 million deposits on FBR’s radar

KARACHI: Bank account holders making aggregate deposits of Rs10 million in a month are on radar of Federal Board of Revenue (FBR) for the purpose of broadening of tax base and identifying... Read more »

Tax evading manufacturers, commercial importers supporting traders’ protest

ISLAMABAD: A large segment of tax evaders in manufacturing sector and commercial importers are behind the traders’ protest in order to force tax authorities to withdraw condition of computerized national identity card... Read more »

Repayment of drawback of export on imported goods explained

KARACHI: Federal Board of Revenue (FBR) has explained repayment of drawback of the export on imported goods under Customs Act 1969. Read more »

FBR updates sales tax rates on mobile phones on import, local supply

KARACHI: Federal Board of Revenue (FBR) has updated sales tax rates on import or local supply of mobile phones to be applicable for Tax Year 2020 (July 01, 2019 to June 30,... Read more »