100% tax exemption allowed on inter-corporate dividend

KARACHI: The government has allowed 100 percent exemption on inter-corporate dividend to companies entitled to group relief. Read more »

Equity market recovers 608 points in developing geopolitical situation

KARACHI: The equity market recovered 608 points on Tuesday in the aftermath of US-Iran confrontation and developing geopolitical situation. Read more »

Rupee depreciates six paisas against dollar

KARACHI: The Pak Rupee fell six paisas against dollar on Tuesday owing to demand for import and corporate payments, dealers said. Read more »

FBR chairman on 14 days leave

ISLAMABAD: Syed Muhammad Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) is on leave for 14 days leave, according to a notification issued on Tuesday. Read more »

FBR set to launch simplified tax return form for small traders

ISLAMABAD: Federal Board of Revenue (FBR) is set to launch simplified income tax return form for small retailers, sources said on Tuesday. Read more »

Investigation launched against 88 housing schemes for deceptive market practices

ISLAMABAD: Competition Commission of Pakistan (CCP) has initiated investigation against around 88 housing schemes for deceptive marketing practices. Read more »

Auction of confiscated motor vehicles to be held on Jan 09

KARACHI: Pakistan Customs has announced auction of confiscated motor cars to be held at Anti-Smuggling Organization (ASO) on January 09, 2019. Read more »

Higher inflation jacks FBR’s revenue collection up: SBP

KARACHI: Higher inflation has jacked up the revenue collection for Federal Board of Revenue (FBR) besides other factors including increase in tax rates and reinstatement of tax on telecom services, State Bank... Read more »

Birds hit two PIA aircraft

KARACHI: At least two aircraft of Pakistan International Airlines (PIA) were damaged in bird-strike incidents which were took place at Karachi Airport, a spokesman said on Monday. Read more »

Import bill plunges by 17.06% in first half

KARACHI: Pakistan’s import bill fell by 17.06 percent during first six months (July – December) 2019/2010 owing to deceleration in international commodity prices and lower domestic demand. Read more »