Terminal operators refuse to extend waiver from detention, demurrage charges: KCCI

KARACHI: Terminal operators have refuse to extend waiver from demurrage and detention charges despite clear instruction of the government to facilitate the trade in the wake of COVID-19. The terminals are demanding... Read more »

FBR exempts various properties from attachment for tax recovery

ISLAMABAD: Federal Board of Revenue (FBR) has exempted various properties from attachment for recovery from tax defaulters. The FBR issued SRO 353(I)/2020 through which the tax officials have been restrained from attaching... Read more »

FBR orders food outlets to display tax amount

ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for food outlets to display tax amount along with retail price in menus. The FBR on Wednesday issued SRO 353(I)/2020 to make... Read more »

Share market ends down 265 points on selling pressure

KARACHI: The share market fell by 265 points on Wednesday owing to selling pressure in major scrip witnessed during the day. The Index closed at 33,728 points as against 33,993 points showing... Read more »

Fiscal deficit contracts at 3.8pc in first nine months

ISLAMABAD: The fiscal deficit has contracted at 3.8 percent during first nine months of current fiscal year. The budget deficit was 5 percent in the same moths of the last fiscal year.... Read more »

Rupee falls by 41 paisas against dollar

KARACHI: The Pak Rupee depreciated by 41 paisas against dollar on Wednesday owing to hope of escalation in demand. The rupee ended Rs160.06 to the dollar from previous day’s closing of Rs159.65... Read more »

SBP introduces credit risk sharing mechanism to support employment

KARACHI: Ministry of Finance and State Bank of Pakistan (SBP) introduce risk-sharing mechanism to support bank lending to SMEs and small businesses to avail SBP’s Refinance Facility to Support Employment. Taking cognizance... Read more »

FBR allows duty drawback on supplementary food items

ISLAMABAD: Federal Board of Revenue (FBR) has allowed duty drawback on import of ready to use supplementary food, which included palm oil and skimmed milk. The FBR on Tuesday issued SRO 341(I)/2020... Read more »

Domestic oil sales plunge by 35 percent in April

KARACHI: The domestic sales of petroleum products have plunged by 35 percent to 1.07 million tons in April 2020 as compared with 1.65 million tons in the same month of the last... Read more »

PQGTL signs agreement with Gabitt

KARACHI:  Pak-Qatar General Takaful Limited (PQGTL) has signed an agreement with Gabitt, a ride hailing service. The ceremony, which was held recently, was attended by Nasir Ali Syed, CEO Pak-Qatar General Takaful... Read more »