Foreign exchange reserves slip by $20 million

KARACHI: The liquid foreign exchange reserves of the country have slipped by $20 million to $18.598 billion by week ended May 21, 2020. The total foreign exchange reserves of the country were... Read more »

FBR suggested to abolish further sales tax on fulfilling CNIC condition

KARACHI: Federal Board of Revenue (FBR) has been proposed to abolish further sales tax in case taxpayers fulfil condition of Computerized National Identity Card (CNIC). Karachi Chamber of Commerce and Industry (KCCI)... Read more »

Stock market falls by 141 points after Eid holidays

KARACHI: The stock market fell by 141 points after Eid Holidays on Thursday as international crude prices slipped, dealers said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,695... Read more »

Mandatory training courses for promotions to be completed through tele-teaching

ISLAMABAD: The mandatory training courses for promotion of government officers including from Federal Board of Revenue (FBR) will be held online considering COVID-19 pandemic, a notification said. In this regard National School... Read more »

Rupee falls against dollar as market resumes after long holidays

KARACHI: The Pak Rupee fell by Rs1.07 against dollar on Thursday as trading resumed after long holidays due to Eid-ul-Fitr. The rupee closed at Rs161.99 to the dollar from previous closing of... Read more »

Insurance should be excluded from taxable services

KARACHI: The provincial tax authorities have been urged to exclude insurance from taxable services in order to provide incentives to insurance industry. Overseas Investors Chamber of Commerce and Industry (OICCI) in its... Read more »

Banks timing revised

KARACHI: State Bank of Pakistan (SBP) on Wednesday issued revised banks timing from May 27, 2020 after Ramazan ul Mubarak. In a notification sent to president and chief executives of all banks,... Read more »