Stock market ends flat in narrow range trading

KARACHI: The stock market witnessed nominal decline of 7 points on Wednesday in narrow range trading activities. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,401 points as against... Read more »

Rupee recovers 56 paisas against dollar on inflows

KARACHI: The Pak Rupee recovered 56 paisas against dollar on Wednesday on inflows of remittances and export receipts, dealers said. The rupee ended Rs164.33 to the dollar from previous day’s closing of... Read more »

FBR recommended to reduce record retention period to three years

KARACHI: Federal Board of Revenue (FBR) has been recommended to reduce the time limit to past three years for retention of sales tax record. Karachi Chamber of Commerce and Industry (KCCI) in... Read more »

Customs auction of vehicles to be held on June 04 at ASO Headquarter

KARACHI: Pakistan Customs has announced auction of used vehicles to be held on June 04, 2020 at Anti-Smuggling Organization (ASO), East Wharf, Karachi. Following vehicles will be presented for the auction: 01.... Read more »

Notice can be sent to any person requiring declaration of assets of spouse, minor children

KARACHI: A Commissioner of Inland Revenue can send a notice to ask any person about the assets of his spouse and minor children. According to Income Tax Ordinance, 2001, persons filing annual... Read more »

Interest rates on saving certificates slashed up to 100 basis points

ISLAMABAD: The profit rate on saving certificates have been reduced up to 100 basis points due to sharp cut in key policy rate by the State Bank of Pakistan (SBP). The new... Read more »

FBR allows repayment of customs duty on import of plastic raw material

ISLAMABAD: Federal Board of Revenue (FBR) has allowed repayment of customs duty at Rs5.42 per kilogram on import of raw material for manufacturing of plastic goods meant for export. The FBR on... Read more »