Prices of petroleum products slashed up to 39 percent

ISLAMABAD: The government on Thursday reduced prices of petroleum products up to 39 percent in order to pass on the massive decline in international oil prices. In a statement issued by Finance... Read more »

FBR notifies transfers of 11 senior customs officers of BS-20-21

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday announced transfers of senior customs officers of BS-20 and BS-21 with immediate effect and until further orders. Following officers of Pakistan Customs Service (PCS)... Read more »

FBR transfers 17 senior IRS officers of BS-20-21

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday transferred and posted 17 officers of BS-20 and BS-21 of Inland Revenue Service (IRS) with immediate effect until further orders. Following officers have been... Read more »

Share market climbs up by 953 points on rate cut hopes

KARACHI: The share market made sharp gain of 953 points on Thursday owing to expected rate cut and reports of ease in lockdown. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Rupee makes significant gain of Rs1.44 against dollar

KARACHI: The Pak Rupee gained Rs1.44 against dollar on Thursday owing to lower demand for import payments, dealers said. The rupee ended Rs160.17 to the dollar from previous day’s closing of Rs161.61... Read more »

PIA gets permission for direct US flight operation

KARACHI: Pakistan International Airlines (PIA) has been allowed to conduct direct flight operation and airlift Pakistani nationals from the United State of America (USA). The US Department of Transportation on Thursday issued... Read more »

PSX proposes abolishing capital gains tax for two years

KARACHI: Pakistan Stock Exchange (PSX) has demanded eliminating Capital Gains Tax (CGT) for up to next two years in order to attract more foreign investment. The PSX in its tax proposals for... Read more »

SBP extends date for exchange companies providing information

KARACHI: State Bank of Pakistan (SBP) on Thursday extended the date for exchange companies to submit information of customers related to anti-money laundering (AML) and Counter Financing Terrorism (CFT). The central bank... Read more »

Sindh exempts sales tax on Ehsaas Emergency cash transfer

KARACHI: Sindh Revenue Board (SRB) on Wednesday exempted sales tax on services to banking transfers made to Ehsaas Emergency Program. In a notification, the SRB said that the Sindh government had exempted... Read more »

One month free coverage to motor insurance policy holders

ISLAMABAD: Securities and Exchange Companies of Pakistan (SECP) on Wednesday directed insurance companies to allow one month free coverage to motor insurance policy holders. The regulator in a press release said that... Read more »