FBR officials fail to submit asset declarations; names made public

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday released the names of officers in Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) who failed to submit their declarations of assets. The... Read more »

Equity market increases by 90 points amid selling pressure

KARACHI: The equity market increased by 90 points on Wednesday amid selling pressure witnessed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,693 points as against... Read more »

Dollar strengthens by Re1 in past three days

KARACHI: The US dollar strengthened by around one rupee during past three trading sessions owing to fall in remittances and rise in demand for import payments, dealers said on Wednesday. The Pak... Read more »

SBP likely to further ease monetary policy stance by 100bps: analysts

KARACHI: Analysts believe that the State Bank of Pakistan (SBP) likely to further ease the key policy rate by 100 basis points in the upcoming announcement scheduled for May 15, 2020. Analysts... Read more »

Reduction in corporate rate for E&P companies recommended

KARACHI: Federal Board of Revenue (FBR) has been recommended to reduce the income tax rate for exploration and production (E&P) companies especially in wake of massive reduction in international oil prices. Overseas... Read more »

10th National Finance Commission constituted

ISLAMABAD: The President of Pakistan on Tuesday constituted the 10th National Finance Commission (NFC) consisting members of federal and provincial governments. The finance commission has been constituted with effect from April 23,... Read more »