Method for determination of input sales tax

KARACHI: Sales tax rules have defined method for determination of input tax claimed by registered persons. Read more »

SBP gives deadline to banks for IFRS-9 implementation

KARACHI: State Bank of Pakistan (SBP) on Wednesday directed banks to implement International Financial Reporting Standard on Financial Instruments i.e. IFRS 9 from January 01, 2021. Read more »

Lack of banking channel hindering Pak-Iran trade potential: Iranian envoy

KARACHI: Consul General of Iran Ahmad Mohammadi has said that there is a huge potential to enhance bilateral trade and economic relations between Iran and Pakistan in a variety of subjects but... Read more »

Stock market gains 241 points on political tension ease

KARACHI: The stock market gained 241 points on Wednesday after ease in tension on political front. Read more »

Rupee ends flat in range bound activity

KARACHI: The Pak Rupee ended flat against dollar on Wednesday in range bound trading activity. Read more »

PSX announces 15.76 percent increase in after tax profit

KARACHI: The Pakistan Stock Exchange (PSX) has announced 15.76 percent growth in net profit for the three month period ended September 30, 2019. Read more »

Preventive Quetta announces auction of 88 confiscated vehicles

KARACHI: Model Customs Collectorate (Preventive) Quetta has announced auction of huge number of confiscated vehicles mostly impounded during current year to be held on October 17, 22 & 28, 2019. Read more »

Post refund divisions to be set up at RTOs/LTUs to audit claims

ISLAMABAD: Federal Board of Revenue (FBR) has decided to audit sales tax refunds by establishing ‘refund division’ at all Regional Tax Offices (RTOs) and Large Taxpayers Units (LTUs). Read more »

Pakistan Customs’ travel guide for passengers

KARACHI: Pakistan Customs has issued travel guide for persons departing to or arriving from abroad regarding clearance of goods under prevailing laws. Read more »