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 at the level of prices applied for January 2020. For the month of January 2020 the prices were increased as: The price of […]
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. Notification of following officers has been issued: 01. Javed Ghani (PCS/BS-22), who is currently Member (Customs Policy), FBR (HQ), Islamabad, has been assigned additional charge of Member […]
KARACHI: The stock market fell by 273 points on Friday as selling pressure seen in energy scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,631 points as against 41,904 points showing a decline of 273 points. Analysts at Arif Habib Limited said that the market traded in a range today between […]
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. The FBR issued Income Tax Circular No. 18 of 2019 for extension in date of filing income tax returns/statements for tax year 2019. The FBR said that the date […]
KARACHI: Engro Fertilizers has announced reduction of urea prices by Rs160 per bag effective from February 01, 2020. A statement on Friday said that Engro Fertilizers welcomed the decision of the government to reduce Gas Infrastructure Development Cess (GIDC) on urea. In line with the decision and to support the valued farmers of the country, […]
KARACHI: The Pak Rupee eased by two paisas against dollar on Friday owing to demand of the foreign currency ahead of two weekly holidays. The rupee ended Rs154.49 to the dollar from last day’s closing of Rs154.47 in interbank foreign exchange market. Currency dealers said that the market was remained flat. However, advance buying was […]
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 new merchants. The following merchant categories shall be exempt from this requirement: Government and Utilities MCC 9211: Court Costs, Including Alimony and Child […]
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. The last date for filing annual return for tax year 2019 is expiring today evening i.e. January 31, 2020. The FBR already granted date extension around five times so far […]
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 Authority (CAA). The notification said: “all direct flight operations between Pakistan and China are to be stalled on immediate basis, initially till 2nd […]
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. The Federal Board of Revenue (FBR) and representatives of traders’ associations on October 30, 2019 reached on an agreement under which the application of CNIC information […]