Stock market declines by 240 points on selling pressure

KARACHI: The stock market fell by 240 points on Tuesday owing to selling pressure seen in various scrips. Read more »

Rupee ends unchanged

KARACHI: The Pak Rupee ended unchanged against dollar on Tuesday owing to lackluster demand for import payments, dealers said. Read more »

SBP enhances borrowing limit under LTFF to Rs5 billion

KARACHI: The State Bank of Pakistan (SBP) has enhanced the maximum borrowing limit under Long Term Financing Facility (LTFF) to Rs5 billion from Rs2.5 billion. Read more »

SBP allows 100% advance payment for import

KARACHI: State Bank of Pakistan (SBP) has allowed 100 percent advance payment for import of various goods against letter credit. Read more »

SBP keeps policy rate unchanged at 13.25%

KARACHI: The State Bank of Pakistan (SBP) on Tuesday kept policy rate unchanged at 13.25 percent. SBP governor Dr. Raza Baqir announced the decision taken by the Monetary Policy Committee (MPC). The... Read more »

FBR advised to allow sales tax refunds on local supplies

KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday advised Federal Board of Revenue (FBR) to allow sales tax refund to manufacturers making local supplies. Read more »

SRB suspends sales tax registration of M/s. Ability Logistics International

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of M/s. Ability Logistics International for failure to pay taxes and non-compliance of filing monthly returns. Read more »

FBR issues list of software vendors for integrating big retailers’ sales

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday issued list of vendors providing software for integrating sales of big retailers with the tax machinery. Read more »

Murtaza Syed appointed as SBP deputy governor

KARACHI: The federal government has appointed Dr. Murtaza Syed as Deputy Governor of the State Bank of Pakistan (SBP), in pursuance of Section 10(4) of the State Bank of Pakistan Act 1956... Read more »

National Savings screening meant to stop ill-gotten money: Finance Division

ISLAMABAD: The Finance Division on Monday said that the screening of all saving schemes is meant to stop any ill-gotten money to become part of financial system and to safeguard the valued... Read more »