Petroleum prices kept unchanged

ISLAMABAD: The government has decided to keep the prices of petroleum products unchanged for the month of February 2020. A statement said on Friday that the government decided to keep POL prices... Read more »

FBR reshuffles senior customs officers in BS-20-22

ISLAMABAD: Federal Board of Revenue (FBR) on Friday reshuffled senior officers of Pakistan Customs Service (PCS) and notified transfers and postings with immediate effect and until further orders. Read more »

Stock market ends down by 273 points on selling pressure in energy scrips

KARACHI: The stock market fell by 273 points on Friday as selling pressure seen in energy scrips. Read more »

FBR extends return filing date up to February 28

ISLAMABAD: Federal Board of Revenue (FBR) on Friday granted sixth consecutive extension for filing income tax return for tax year 2019 up to February 28, 2020. Read more »

Engro Fertilizers reduces urea prices by Rs160

KARACHI: Engro Fertilizers has announced reduction of urea prices by Rs160 per bag effective from February 01, 2020. Read more »

Rupee eases by two paisas ahead weekly holidays

KARACHI: The Pak Rupee eased by two paisas against dollar on Friday owing to demand of the foreign currency ahead of two weekly holidays. Read more »

SBP fixes merchant discount rate up to 2.5% on digital payments

KARACHI: State Bank of Pakistan (SBP) on Friday announced that Merchant Discount Rate (MDR) for Point of Sale (POS) acquiring Pakistan shall be within the range of 1.5%-2.5% for both existing and... Read more »

Senior tax officers oppose return filing date extension

KARACHI: Senior officers of Federal Board of Revenue (FBR) opposed to further extend the last date for filing income tax return for tax year 2019. Read more »

Pakistan suspends flight operation with China on coronavirus threat

KARACHI: Pakistan has suspended direct flight operation to China in wake of coronavirus threat. The direct flight operation will remain suspend till February 02, 2020, said a notification issued by Civil Aviation... Read more »

CNIC condition on purchases above Rs50,000 applies from tomorrow

ISLAMABAD: The condition of Computerized National Identity Card (CNIC) on purchases above Rs50,000 shall apply from tomorrow (February 01, 2020) as relaxation provided to small traders is expiring today. Read more »

FBR links 5,783 POS of retailers with online system

ISLAMABAD: Federal Board of Revenue (FBR) has integrated 5,783 Point of Sales (POS) of 286 retailers so far with the hectic efforts of field formation, FBR spokesman said on Thursday. Read more »

SRB exempts sales tax on low cost housing projects

KARACHI: The Sindh government has exempted sales tax on services provided or rendered to low cost housing projects funded by the federal government or Sindh government. Read more »