ECC approves Rs700 million for Postal Life Insurance

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved an amount of Rs700 million as initial paid up capital for Postal Life Insurance. Read more »

Stock market stages recovery of 475 points as banks play major role

KARACHI: The stock market made recovery of 475 points on Tuesday as stocks of banking sector registered gain during the day. Read more »

FPCCI demands PM to stop implementation on proposed gas price hike

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the Prime Minister to stop implementation of proposed hike in gas tariff. Read more »

Karachi Chamber welcomes ease in US, UK travel advisory for Pakistan

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Tuesday welcomed the decision of United States and United Kingdom for easing travel advisory for Pakistan. Read more »

Rupee gains 10 paisas against dollar on inflows

KARACHI: The Pak Rupee gained 10 paisas against dollar on Tuesday owing to inflows and lackluster demand for import payment. Read more »

MCB Bank declares 14% growth in annual net profit

KARACHI: MCB Bank Limited has declared 14 percent growth in annual profit for calendar year 2019 owing to significant increase in net mark-up income. Read more »

Oil sales fall by 10% on slow economic activity

KARACHI: The domestic oil sales have declined by 10 percent during first seven months (July – January) 2019/2020 owing to slow economic activity. Read more »

FBR conducts audit of all refund cases

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that the tax machinery conducts audit of all refund cases. Read more »

Bank holiday announced on Kashmir Day

KARACHI: State Bank of Pakistan (SBP) on Tuesday announced that the central bank will remain closed on February 05, 2020 on the occasion of Kashmir Day. Read more »

Income tax return filing hit record high of 2.78 million

ISLAMABAD: The income tax return filing of tax year 2018 has reached to record high of 2.785 million by February 02, 2020, according to latest Active Taxpayers List (ATL) issued by Federal... Read more »