Payment for transactions above Rs50,000 must be made through crossed cheque

KARACHI: Federal Board of Revenue (FBR) has made it mandatory for buyers to make payment above Rs50,000 through crossed cheque or banking instruments ensuring transfer of payment to seller’s account. Read more »

Zong partners with Enfrashare to expand 4G network

KARACHI: Zong 4G, Pakistan’s leading telecommunication network, has entered into a strategic partnership with Enfrashare Private Limited, a leading connectivity infrastructure provider. Read more »

Provisional release of offended imported goods

KARACHI: The collector of customs has been empowered to allow provisional release of imported goods, on which any offence is detected, against duty and payment and submission of bank guarantee for penalty... Read more »

Stock market ends down by 289 points amid narrow band trading

KARACHI: The stock market ended down by 289 points on Monday as market traded in narrow band. Read more »

Rupee ends firmer in interbank

KARACHI: The Pak Rupee ended firmer against dollar on Monday owing to lackluster demand after significant decline in trade deficit and current account deficit of the country. Read more »