Share market gains over 1200 points on tax relief reports

KARACHI: The share market gained over 1,200 points on Tuesday owing to reports of tax relief announced by the government. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,231... Read more »

FBR asks terminal operators to allow 15-day free time for imported cargo

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday asked terminal operators to provide 15-day free time to imported cargo at port area without demurrage and detention charges in the wake of coronavirus... Read more »

FBR further extends sales tax payment date up to April 12

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday extended the last date for payment of sales tax and federal excise duty up to April 12, 2020 for the month of February 2020.... Read more »

FBR appeals taxpayers pay duty, taxes to help government fight against coronavirus

ISLAMABAD: Federal Board of Revenue (FBR) has appealed taxpayers to pay their duty and taxes in order to help the government to fight against coronavirus pandemic. In a statement on Tuesday the... Read more »

APTMA demands restoration of zero-rate sales tax, policy rate reduction to 5pc

KARACHI: All Pakistan Textile Mills Association (APTMA) on Tuesday demanded the government of restoring zero-rate sales tax and reducing interest rate to five percent in order to help the industry and ensure... Read more »

Date for converting bearer prize bonds of Rs40,000 extended to June 30

KARACHI: People now can surrender Rs40,000 denomination bearer prize bonds by June 30, 2020 and exchange the amount with registered bonds or other given options. Finance Division on Tuesday issued a notification... Read more »

Rupee depreciates by 56 paisas against dollar

KARACHI: The Pak Rupee fell by 56 paisas against dollar on Tuesday owing to uncertain economic conditions after coronavirus spread. The rupee ended Rs166.70 to the dollar from previous day’s closing of... Read more »

Attock Refinery warns complete shut down on lower uplifting

KARACHI: Attock Refinery Limited has warned complete shut down within one week in case production uplift not improved. In a communication sent to Pakistan Stock Exchange (PSX), the company informed the situation... Read more »

Philip Morris suspends operations

KARACHI: Philip Morris (Pakistan) Limited, a tobacco manufacturing company, has announced to suspend operations for indefinite period due to spread of coronavirus. In a letter to Pakistan Stock Exchange (PSX) on Tuesday,... Read more »

ECC approves Rs75 billion for repayment of tax refunds

ISLAMABAD: Economic Coordination Committee of (ECC) the Cabinet on Monday approved Rs75 billion for Federal Board of Revenue (FBR) for the repayment of tax refunds. Adviser to the Prime Minister on Finance... Read more »