PTBA estimates one million income tax returns shortfall in case no date extension

LAHORE: The apex tax bar of the country on Tuesday said that the shortfall in income tax return filing may exceed above one million in case no further extension in date is... Read more »

PPL plans to spud 20 exploratory, developmental wells

KARACHI: Pakistan Petroleum Limited (PPL) has planned to spud 20 wells during fiscal year 2019/2020 out of which half of wells are exploratory and remaining are developmental. Read more »

Stock market plunges by 417 points on top court verdict

KARACHI: The stock market plunged by 417 points on Tuesday following decision of the top court regarding extension of Chief of the Army Staff’s tenure. Read more »

TPL Trakker plans IPO to raise Rs1.4 billion for vehicle, container tracking business growth

KARACHI: TPL Trakker is planning for an Initial Public Offering (IPO) to raise Rs1.4 billion in order to grow vehicle and container tracking business, analysts said on Tuesday. Read more »

Rupee falls three paisas on import, corporate payment

KARACHI: The Pak Rupee fell by three paisas against dollar on Tuesday owing to demand for import and corporate payments. Read more »

Remitting up to $50,000 allowed for medical treatment abroad

KARACHI: Authorized dealers have been allowed to remit foreign exchange up to $50,000 on account of medical treatment abroad of resident Pakistanis only. Read more »

Income tax return filing hits new record high of 2.7 million

ISLAMABAD: Measures to increase tax burden on non-compliant persons have resulted into record income tax return filing of 2.7 million for tax year 2018. Read more »

Prevailing Customs tariff for fiscal year 2019/2020

KARACHI: Federal Board of Revenue (FBR) has issued updated Customs tariff for fiscal year 2019/2020, which have been imposed from July 01, 2019. Read more »