FBR gets CNIC details of motor vehicle buyers

KARACHI: Motor vehicle manufacturers and dealers have shared details of Computerized National Identity Card (CNIC) of buyers with the Federal Board of Revenue (FBR), sources said on Monday. Read more »

SBP takes steps to reduce cheque clearance time

KARACHI: Addressing another gap in cheque clearing whereby it took weeks to clear cheques in far flung areas of the country, SBP has allowed the use of Pakistan Real Time Interbank Settlement... Read more »

Stock market plunges by 1222 points on above expectation high inflation

KARACHI: The stock market plunged by 1222 points or three percent on Monday owing to higher than expected inflation numbers. Read more »

Finance ministry hopes ease in inflation in coming days

ISLAMABAD: Ministry of Finance has said that the outcome of stabilization policies, agriculture sector interventions, rigorous monitoring at federal/provincial levels and favourable weather will bring in better results in easing out inflation... Read more »

Rupee eases by two paisas against dollar

KARACHI: The Pak Rupee eased by two paisas against dollar on Monday due to higher demand for import and corporate payments. Read more »

Chartered accountants liable to penal action for issuing false tax certificate

KARACHI: Any auditor of professional accountancy firm is liable to penal action in case found guilty of misconduct in furnishing false tax certificate, sources in Federal Board of Revenue (FBR) said. Read more »