FBR takes notice of closure of field offices

ISLAMABAD: Federal Board of Revenue (FBR) has taken serious notice of without approval closure of field offices for prevention against COVID-19 (coronavirus). In an official notice issued on Tuesday, the FBR said... Read more »

PEPA seals Monal Restaurant for illegal activities

ISLAMABAD: Pakistan Environment Protection Agency (PEPA) and Commissioner Office, Islamabad on Tuesday sealed off the popular Monal Restaurant located in Marghalla Hills for illegal tree cutting for its expansive construction activities. The... Read more »

Equity market gains 354 points on improved trading on energy sector

KARACHI: The equity market gained 354 points on Tuesday as trading activities seen in energy sectors after improved prices in international crude oil. The benchmark KSE-100 index closed at 34,185 points as... Read more »

Rupee depreciates by 37 paisas on higher import demand

KARACHI: The Pak Rupee further depreciated by 37 paisas against dollar on Tuesday owing to higher demand for import and corporate payments. The rupee closed at Rs160.74 to the dollar from previous... Read more »

Car manufacturers resume operation as lockdown eases

KARACHI: Automobile industry has resumed manufacturing and administrative operations after the government eased lockdown. Honda Atlas and Indus Motors on Tuesday informed Pakistan Stock Exchange (PSX) about resumption of their manufacturing operations.... Read more »

FBR extends date for sales tax payment, return filing

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday extended the last date for federal excise / sales tax payment and filing monthly return for the month of April 2020. A notification issued... Read more »

PBC advocates abolishing anti-dumping duty on raw material used for exports

KARACHI: Pakistan Business Council (PBC) has advocated abolishing anti-dumping duty on imported raw material that are used for export oriented units (EOU). In a letter sent to Abdul Razak Dawood, Advisor to... Read more »

SECP issues guidelines for license renewal amid COVID-19

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has issued guidelines for license renewal in order to facilitate companies considering difficulties due to COVID-19. The SECP issued Circular No. 19/2020 for extension... Read more »

Hafeez Shaikh directs FBR to collect data for effective budget making

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Monday directed the Federal Board of Revenue (FBR) to collect data for effective budget making for year... Read more »