SBP facilitates exports against advance payment

KARACHI: State Bank of Pakistan (SBP) has amended framework related to trade based money laundering in order to facilitate receiving export payment. Read more »

Tax return filing reaches to new record high of 2.68 million

ISLAMABAD: Income tax return filing has reached to another record level of 2.68 million for tax year 2018, according to latest statistics on the basis of returns filed till November 17, 2019. Read more »

Customs directed to verify seized vehicles carrying smuggled goods

ISLAMABAD: Syed Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) has directed customs authorities to launch verification of seized vehicles carrying smuggled goods. Read more »

Foreign investment increases to $1.1 billion owing to debt securities attraction

KARACHI: Pakistan’s total inflow of foreign investment has increased to $1.1 billion during first four months (July – October) 2019/2020 as compared with outflow of $77.5 million in the corresponding months of... Read more »

Stock market gains 828 points as majority scrips traded in green

KARACHI: The stock market gained 828 points on Monday as majority of scrips traded in green and upper circuits. Read more »

Rupee gains four paisas against dollar on inflows

KARACHI: The Pak Rupee gained four paisas against dollar on Monday owing to sufficient inflows. Read more »

SBP to announce monetary policy on Nov 22

KARACHI: State Bank of Pakistan (SBP) will announce monetary policy on Friday, November 22, 2019 for next two months, said a statement on Monday. Read more »

Half of registered companies not complying with mandatory return filing

ISLAMABAD: Almost half of the companies registered with Securities and Exchange Commission of Pakistan (SECP) have been found as non-compliant in mandatory income tax return filing. Read more »