Commercial importers demand abolishing CNIC condition, FTR restoration

KARACHI: Commercial importers have demanded the government of abolishing condition of Computerized National Identity Card (CNIC) and restoring Final Tax Regime (FTR) in order to save businesses from adverse impact of COVID-19.... Read more »

Stock market gains 231 points in range bound activity

KARACHI: The stock market gained 231 points on Friday while witnessing range bound activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,350 points as against... Read more »

Rupee makes gain for third consecutive day

KARACHI: The Pak Rupee strengthened by 36 paisas against dollar for third consecutive day on Friday owing to inflows of export receipts and remittances. The rupee ended at Rs163.30 to the dollar... Read more »

KCCI urges government to shun pick, choose policy for business relief

KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has urged the government functionaries to avoid ‘pick and choose’ strategy for providing relief to businesses as it will never benefit the national... Read more »

Engro commits Rs40 million to extend partnership with SKMCH

KARACHI: As part of the Rs1 billion Hussain Dawood Pledge, Engro Foundation – the social investment arm of Engro Corporation – has provided an additional Rs40 million to extend its partnership with... Read more »

Petroleum division recommends termination of dealers license on failure to maintain stock

ISLAMABAD: Petroleum Division has recommended termination of dealers licenses for failure to ensure sufficient stock for their respective Oil Marketing Companies (OMCs). The petroleum division is cognizant of the artificial shortage of... Read more »

FBR decides opening IR offices on Saturdays as coronavirus spreads rapidly

ISLAMABAD: Federal Board of Revenue (FBR) has decided to open its field offices on Saturdays to meet monthly target of Rs415 billion despite rapid spread of coronavirus, which already claimed lives of... Read more »