Trade restrictions increase to historic high levels: WTO

KARACHI: The World Trade Organization (WTO) has observed that trade restrictions have increased to historic high levels. Read more »

FBR allows filing Annexure H for July 2019 to claim sales tax refund

ISLAMABAD: Federal Board of Revenue (FBR) has allowed filing of statement containing stock position for July 2019 to taxpayers for claiming sales tax refunds. Read more »

Pakistan’s foreign exchange reserves increase despite $1bn Sukuk repayment

KARACHI: The foreign exchange reserves of the country have increased by $55 million by the week ended December 06, 2019 despite repayment of $1 billion against International Sukuk. Read more »

Telenor Microfinance Bank signs pact for promotion of financial literacy in women

KARACHI: Telenor Microfinance Bank (TMB) and Pakistan Bait-ul-Mal have signed an agreement for the promotion of financial literacy among women of the country, a statement said on Thursday. Read more »

Stock market ends flat amid selling pressure

KARACHI: The stock market witnessed a marginal decline of 17 points on Thursday despite selling pressures during the day. Read more »

Rupee eases against dollar in narrow band trading

KARACHI: The Pak Rupee eased against dollar on Thursday in narrow band trading and lackluster demand from importers. Read more »

EOBI pension increased by 30 percent from January 01

ISLAMABAD: The government has decided to increase pension amount by 30 percent from January 01, 2019, special assistant to prime minister said on Thursday. Read more »

Irrecoverable loans to be allowed tax concession

KARACHI: Federal Board of Revenue (FBR) shall allow reduction in tax liability against bed debts where loans are irrecoverable, officials said. Read more »

SBP relaxes condition on advance payment against imports

KARACHI: State Bank of Pakistan (SBP) on Thursday amended instructions regarding advance payment against imports in order to facilitate manufacturers. Read more »

FBR deploys IR officers at 20 sugar mills for monitoring of production, supplies

ISLAMABAD: Federal Board of Revenue (FBR) has deployed officers of Inland Revenue at 20 sugar mills to monitor production and supply for checking tax evasion. Read more »