KARACHI: State Bank of Pakistan (SBP) has allowed import of medical equipment for treatment of coronavirus against 100 percent advance payment and open account.
(more…)Day: March 24, 2020
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KTBA asks FBR to grant general adjournment for cases during lockdown
KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged Federal Board of Revenue (FBR) to grant general adjournment for cases as taxpayers may not appear due to lockdown.
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SBP cuts policy rate by 150 basis points to 11 percent as coronavirus severely increases
KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced reduction of 150 basis points in key policy rate to bring it at 11 percent. The central bank cut the policy rate second time in last seven days considering massive deterioration in the economy due to large scale spread of coronaviruse.
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Rupee falls by 33 paisas on import payments, uncertainty
The Pak Rupee experienced a decline of 33 paisas against the US dollar on Tuesday, driven by increased demand for import payments and prevailing uncertainty in the equity market. The rupee closed at Rs159.00 to the dollar, down from last Friday’s rate of Rs158.67 in the interbank foreign exchange market.
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Share market collapses on lockdown; eyes bailout package
KARACHI: The share market collapsed on Tuesday and witnessed seventh lower lock as investors were eying bailout package from the government.
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FBR extends date for filing sales tax returns up to April 15
ISLAMABAD: In response to the ongoing lockdowns across various regions of the country to curb the spread of COVID-19, the Federal Board of Revenue (FBR) has announced an extension for the filing of monthly sales tax returns. This decision aims to alleviate the burden on taxpayers facing difficulties due to the pandemic-induced restrictions.
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Pak Suzuki stops factory, sales operations
KARACHI: Pak Suzuki Motors Company Limited on Tuesday announced to stop operations in compliance with the government efforts to contain spread of coronavirus epidemic.
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Engro chemical halts production on coronavirus lockdown
KARACHI: Engro Polymer and Chemical on Tuesday announced halt of production facility at Port Qasim owing to lockdown to contain spread of coronavirus.
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