FBR urged to reduce regulatory duty on lighting fittings

KARACHI: Federal Board of Revenue (FBR) has been urged to reduce regulatory duty on lighting fittings in alignment with LED bulbs and LED tubes. The Overseas Investors Chamber of Commerce and Industry... Read more »

Not a single car sold in April 2020

KARACHI: Automobile manufacturers have witnessed worst-ever month as not a single car was sold during April 2020 owing to lockdown imposed by the federal and provincial governments to prevent coronavirus pandemic. The... Read more »

Equity market gains 319 points on policy rate cut hope

KARACHI: The equity market recorded increase of 319 points on Tuesday on expectation of cut in policy rate to be announced this week. The Index closed at 33,603 points as against 33,284... Read more »

Rupee falls by 38 paisas against dollar

KARACHI: The Pak Rupee fell by 38 paisas against dollar on Tuesday owing to reports the government is going to hedge oil. The rupee ended Rs160.46 to the dollar from previous day’s... Read more »

Uniform tax rate suggested on rental income

KARACHI: The tax rate on rental income should be made uniform for individual, Association of Persons (AOPs) and company at 15 percent. Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in... Read more »

Premium prize bonds get Rs19.21 billion investment; grow by 228 percent

KARACHI: The investment in premium prize bonds has surged by 228 percent to Rs19.21 billion by March 2020 as compared with Rs5.86 billion by the same month a year ago. According to... Read more »

Tariff Policy Board discusses budget proposals

ISLAMABAD: The Tariff Policy Board (TPB) on Monday discussed budget proposals submitted by various stakeholders. Advisor to the Prime Minister on Commerce Abdul Razak Dawood chaired the meeting. The advisor said that... Read more »