FPCCI says lowering interest rate by one percent not to help economy

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday said that the decision to lower interest rate by one percent will not help the country to boost especially considering... Read more »

Coronavirus may deeply distort economic fabric of Pakistan: Hafeez Shaikh

ISLAMABAD: Coronavirus led impacts are expected to deeply distort economic fabric of Pakistan, said Dr. Abdul Hafeez Shaikh, Advisor to the Prime Minister on Finance and Revenue. He called for demonstration of... Read more »

FBR extends date for payment, return filing

ISLAMABAD: Federal Board of Revenue (FBR) has extended the last date for filing monthly sales tax return and payment for March 2020. In a notification issued on Friday, the FBR extended the... Read more »

SBP slashes policy rate by 100 basis points to 8 percent

KARACHI: The State Bank of Pakistan (SBP) on Friday decided to further reduce the policy rate by 100 basis points to 8 percent as inflation outlook has improved further in light of... Read more »

Share market gains 203 points as energy scrips make recovery

KARACHI: The share market gained 203 points on Friday owing to recovery in energy scrips after gain in oil prices in international markets. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Rupee ends firmer against dollar

KARACHI: The Pak Rupee ended firmer against dollar on Friday owing to lackluster demand from importers and corporate buyers. The rupee ended Rs160.10 to the dollar, the same previous day’s level, in... Read more »

FBR allows filing annex-H for July-Dec up to June 30

ISLAMABAD: Federal Board of Revenue (FBR) on Friday announced extension in date for filing annexure-H (stock position) up to June 30, 2020 for the period July – December 2019. Filing Annexure-H is... Read more »

FPCCI recommends audit exemption for commercial importers

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended to allow immunity to commercial importers from audit. In its proposals for budget 2020/2021, the FPCCI said that under the... Read more »

SECP facilitates companies in IAS 39 requirements

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SEC) has allowed relief registered companies that are applying IAS 39/principles of IAS 39 (for Available for Sale equity instruments). The SECP issued S.R.O.... Read more »

FBR should shun multiple tax audits

KARACHI: Business community has advised Federal Board of Revenue (FBR) to shun conducting multiple audits of a taxpayer in a year in order to ensure ease of doing business. In its proposals... Read more »