FBR extends time limit for filing goods declaration

KARACHI: Federal Board of Revenue (FBR) has extended time limit for filing goods declaration in order to facilitate trade considering problems faced during lockdown. The FBR on Monday issued a notification for... Read more »

Karachi Chamber urges shipping lines to waive detention charges

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has urged shipping lines to waive detention and other charges considering extraordinary situation due to coronavirus and lockdown. To support the consignees in Pakistan... Read more »

SBP decides not to issue fresh currency notes for Eid ul Fitr

KARACHI: State Bank of Pakistan (SBP) on Monday said that it will not issue fresh currency notes on this Eid ul Fitr. The decision has been taken due to measures taken by... Read more »

PSX proposes funded pension scheme

KARACHI: Pakistan Stock Exchange (PSX) has proposed funded pension scheme that should offer old age benefits to retired employees at public sector enterprises and government workers, without putting burden on the annual... Read more »

Stock market falls by 195 points amid profit taking

KARACHI: The stock market witnessed decline of 195 points on Monday amid profit taking during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,916 points as against... Read more »

SBP allows circulation of quarantined infected banknotes

KARACHI: State Bank of Pakistan (SBP) has advised banks to use the infected banknotes that have completed 14 days quarantine period. The SBP on Monday issued advisory for banks related to COVID-19... Read more »

April gains result best performing month for equity market in past 10 years

KARACHI: The domestic equity bourse recorded an enormous increase of 4,880 points in April 2020, translating into a return of +16.7 percent MoM and +21.5 percent in USD terms; best performing month... Read more »

Rupee gains 26 paisas against dollar on IMF inflows

KARACHI: The Pak Rupee gained 26 paisas against dollar on Monday owing to inflows of IMF loan payment. The rupee ended Rs159.91 to the dollar from previous close of Rs160.17 on April... Read more »

Misuse of Afghan transit trade should be checked

KARACHI: Smuggling through Afghan Transit Trade has always been the biggest threat for economic growth and hardly any sector has been left untouched by this menace. Pakistan Business Council (PBC) in its... Read more »

Curtailing powers of tax officers in recovery, entering premises suggested

KARACHI: Business community has suggested curtailing powers of tax officers while invoking provisions of sales tax laws. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in its proposals for budget 2020/2021... Read more »