Persons on ATL exempted from tax on cash withdrawal

ISLAMABAD: There is no withholding tax on cash withdrawal from banking system by a person, whose name is appeared on Active Taxpayers List (ATL), officials in Federal Board of Revenue (FBR) said... Read more »

Stock market climbs up by 825 points on bullish trading

KARACHI: The stock market gained 825 points on Friday amid bullish trading which resulted in recovery of past day’s losses. Read more »

International rating agencies visit Pakistan for annual exercise

ISLAMABAD: International rating agencies Moody’s and Fitch have visited Pakistan for annual credit rating exercise, said a statement issued by ministry of finance on Friday. Read more »

State Bank keeps key policy rate unchanged at 13.25pc

KARACHI: State Bank of Pakistan (SBP) on Friday announced monetary policy for next two months and kept the key policy rate unchanged at 13.25 percent owing to higher inflation. Read more »

US experts train Pakistan Customs officers

KARACHI: US law enforcement experts have trained probationary officers of Pakistan Customs on enforcement topics such as contraband smuggling, human trafficking, investigative methods, and evidence collection. Read more »

Rupee advances five paisas against dollar

KARACHI: The Pak Rupee further advanced by five paisas against dollar on Friday amid calm demand from importers and corporate. Read more »

New policy to eliminate tariff rate gap between commercial, industrial importers

ISLAMABAD: The gap of duty and tax rates between commercial importers and industrial importers will be eliminated under newly proposed tariff policy. Read more »

Qatar to open two more visa centers in Pakistan: envoy

KARACHI: Consul General of Qatar Mishal Muhammad Ali Al Ansari has said his country will open two more visa centers in Pakistan for facilitating visa processing, a statement said on Friday. Read more »

PIA declares Rs67.32 billion annual loss

KARACHI: Pakistan International Airlines (PIA) – the national flag carrier – has declared after tax loss of Rs67.32 billion for the year ended December 31, 2018. Read more »

IR officers empowered to sell defaulters’ properties without attachment

KARACHI: Officers of Inland Revenue (IR) have been empowered to sell moveable or immovable properties of sales tax defaulters for recovery of arrears. Read more »

Customs seizes huge quantity smuggled diesel oil in deep sea operation

KARACHI: Customs authorities have foiled an attempt to smuggle large quantity of Iranian diesel oil into Pakistan, officials said on Thursday. Read more »