FBR directs officers to submit asset declarations

ISLAMABAD: Federal Board of Revenue (FBR) has directed officers of BS-18, who are in promotion zone, to submit their assets declarations of past five years. The FBR in an official memorandum issued... Read more »

Rupee gains 25 paisas against dollar

KARACHI: The Pak Rupee gained 25 paisas against dollar on Friday owing to expectations of improved economic activities after ease in lockdown. The rupee ended Rs159.97 to the dollar from previous day’s... Read more »

FBR chief rules out reducing sales tax rate to single digit

KARACHI: Nausheen Javaid Amjad, Chairperson of Federal Board of Revenue (FBR) has ruled out reducing sales tax rate to single digit and said such move would bankrupt the economy of the country.... Read more »

FBR notifies transfer, postings of BS-18-20 IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified transfers and postings of Inland Revenue Service (IRS) officers in BS-18 to BS-20 with immediate effect until further orders. The FBR notified transfers... Read more »

SBP expands economic refinance facility to existing projects

KARACHI: State Bank of Pakistan (SBP) on Friday expanded the economic refinance facilities to existing projects in order to provide relief the industry to dilute impact of coronavirus. The SBP issued the... Read more »

Stock market ends flat amid narrow range trading

KARACHI: The stock market ended down by 36 points on Friday after narrow range trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,267 points as against 33,304 points... Read more »

Foreign investors urge controlling Afghan transit trade

KARACHI: Foreign investors have urged the authorities to control Afghan Transit Trade to avoid incidence of smuggling and protect local industry. Overseas Investor Chamber of Commerce and Industry (OICCI), representative body of... Read more »

OICCI suggests harmonization of sales tax on goods, services

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has recommended harmonization of sales tax on goods and services and should be set at 13 percent as applicable in Sindh province. The... Read more »

Reviewing withholding tax on profit on debt suggested

KARACHI: The tax authorities have been suggested to review withholding tax rates on profit on debt in forthcoming budget. Overseas Investors Chamber of Commerce and Industry (OICC) in proposals for budget 2020/2021... Read more »