Sale tax refunds to be released on declared stock statement: FBR

ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that refunds will be issued only on stock statement declared by sales tax registered persons. Read more »

Asset quality of banking sector weakens on rising NPLs: SBP

KARACHI: State Bank of Pakistan (SBP) on Monday said that the asset quality of banking sector weakened owing to Rs88.3 billion or 13 percent increase in Non-Performing Loans (NPLs). Read more »

SBP directs banks to ensure employment quota for disable persons

KARACHI: State Bank of Pakistan (SBP) on Monday directed banks to ensure compliance related to employment quota for persons with disabilities. Read more »

PM inaugurates CPHGC 1320MW Coal-fired Power Plant

KARACHI: Prime Minister Imran Khan on Monday inaugurated CPHGC 1320MW Coal-fired Power Plant, Hub, Balochistan and said that more collaborations on the same pattern may be seen in future. Read more »

Stock market falls by 785 points on FATF warnings

KARACHI: The stock market fell 785 points on Monday owing to decision of Financial Action Task Force (FATF) an its warning on compliance by February 2020. Read more »

Rupee ends stable despite higher dollar demand

KARACHI: The Pak Rupee ended stable against dollar on Monday despite higher demand for import and corporate payments. Read more »

Tax collected on prize bond winning to be final

KARACHI: The withholding tax collected on winning of prize bond shall be final tax liability either it is collected from person appeared on Active Taxpayers List (ATL) or not. Read more »

No refund, input adjustment to be entertained on invoice issued prior or after of blacklisting

KARACHI: Federal Board of Revenue (FBR) said invoices issued by a person prior or after blacklisting for sales tax will not be entertained for refunds or input adjustment. Read more »