Textile value added sector demands restoration of sales tax zero-rate regime

KARACHI: Exporters of textile value added sector have demanded restoration of zero-rated sales tax regime as despite assurance of 72-hour payment of refunds huge liquidity was stuck up with the tax authority. Read more »

Sindh introduces 5% sales tax reduced rate for healthcare services

KARACHI: Sindh Revenue Board (SRB) on Thursday introduced a reduced rate sales tax at five percent for various healthcare services with compliance of certain conditions. Read more »

SRB announces 5% sales tax reduced rate for personal care services

KARACHI: Sindh Revenue Board (SRB) on Thursday announced a reduced rate sales tax at five percent for various personal care services with compliance of certain conditions. Read more »

Pakistan’s foreign exchange reserves increase to $18.644 billion

KARACHI: Pakistan’s liquid foreign exchange reserves increased by $282 million on a weekly basis to $18.644 billion by week ended January 31, 2020, State Bank of Pakistan (SBP) said on Thursday. Read more »

Equity market ends down by 160 points on selling pressure

KARACHI: The equity market fell by 160 points on Thursday owing to selling pressure was seen during the day. Read more »

Rupee falls by 8 paisas on import demand

KARACHI: The Pak Rupee depreciated by eight paisas against dollar on Thursday owing to higher demand for import payments as market opened after a public holiday. Read more »

Foreign investors show willingness on new FDI in Pakistan: OICCI survey

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has conducted bi-annual survey 2019 which revealed around 75 percent of its members show willingness to recommend new foreign direct investment in Pakistan... Read more »