FBR to issue around Rs3 billion tax refunds in next couple of days: Hafeez Shaikh

ISLAMABAD: Federal Board of Revenue (FBR) will issue another Rs2 to 3 billion tax refunds in next couple of days, Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and... Read more »

SECP, ADB organize consultation workshop on financial market development

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) and Asian Development Bank (ADB) jointly organized a workshop for stakeholder consultations on Financial Market Development 2020-2025, a statement said on Thursday. Read more »

SBP directs banks to prepare depositor-wise database

KARACHI: The State Bank of Pakistan (SBP) on Thursday directed banks to prepared a comprehensive depositor-wise database/ Management Information System. Read more »

Pakistan’s foreign exchange reserves increase by $416 million to $15.993 billion

KARACHI: The liquid foreign exchange reserves of Pakistan increased by $416 million to $15.993 billion by week ended November 29, 2019, State Bank of Pakistan (SBP) said on Thursday. Read more »

Stock market gains 371 points on improved rating of top banks

KARACHI: The stock market gained 371 points on Thursday owing to improved rating of top five banks of Pakistan. Read more »

Rupee makes gain for third consecutive day against dollar

KARACHI: The Pak Rupee made gain against dollar for the third consecutive day on Thursday owing to improved inflows of export receipts and workers’ remittances. Read more »

FBR attaches shareholding of Golden Globe Holding in Benami properties case

KARACHI: Federal Board of Revenue (FBR) has attached shareholding of Golden Globe Holding in Thatta Cement in Benami properties case, according to a notice issued on Thursday. Read more »

Salary persons having income above Rs400,000 require to file return for tax year 2019

KARACHI: Persons driving salary income above Rs400,000 are remained liable to file annual income tax returns for tax year 2019. Read more »

Moody’s assigns stable outlook to top five Pakistani banks

KARACHI: Following the improved outlook of Pakistan economy, Moody’s Investors Service on Thursday affirmed the B3 long-term local currency deposit ratings of five top Pakistani banks and changed the outlook to stable... Read more »

Import, export of gold prohibited under foreign exchange laws

KARACHI: The import and export of gold are prohibited, except with the general permission, under updated foreign exchange manual issued by State Bank of Pakistan (SBP). Read more »

Bearer prize bonds of Rs40,000 worth Rs233 billion documented

KARACHI: People have documented an amount of Rs233 billion invested in bearer prize bonds of Rs40,000 denominations following the government announcement of discontinuation. Read more »