USC officials warned of ‘removal from service’ for selling subsidized items in open market

KARACHI: Utility Stores Corporation (USC) has warned officials of removal from services in case of indulgence in selling subsidized items under Prime Minister Relief Package in open market. Read more »

Foreign exchange reserves increase to $18.123 billion

KARACHI: The foreign exchange reserves of the country have increased by $39 million to $18.123 billion by week ended January 10, 2020 as compared with $18.084 billion a week ago, State Bank... Read more »

Foreign direct investment increases by 68.3% in first half

KARACHI: The foreign direct investment (FDI) into Pakistan has increased by 68.3 percent during first six months (July – December) of 2019/2020 owing to lower outflows during the period, according to data... Read more »

Equity market gains 72 points amid range bound activity

KARACHI: The equity market gained 72 points on Thursday amid range bound trading activity during the day. Read more »

Rupee gains 12 paisas on sufficient dollar supply

KARACHI: The Pak Rupee gained 12 paisas against dollar on Thursday owing to sufficient supply of the greenback in the market. Read more »

Sales tax on mobile phones reduced by 85% to promote digital economy: FBR

ISLAMABAD: Federal Board of Revenue (FBR) has reduced sales tax on imported mobile phones by 85 percent in order to promote digital economy in the country. Read more »

Return filing for tax year 2019 must for salary income above Rs400,000

KARACHI: Persons having salary income above Rs400,000 are required to file income tax returns for tax year 2019 as slabs revised through Finance Act, 2019 will be applicable for tax year 2020,... Read more »