Car sales plunge by 75 percent in May

KARACHI: The sales of locally manufactured cars have posted a massive decline of 75 percent in May 2020 due to closure of business operations of all major car assemblers during the month.... Read more »

SBP disburses Rs96 billion under refinance scheme to dilute COVID impact

KARACHI: Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) has said that so far around 1320 companies availed SBP’s refinance scheme and a sum of Rs96 billion has been disbursed to... Read more »

FBR bans use of information system till budget announcement

ISLAMABAD: Federal Board of Revenue (FBR) has put a ban on using information system from June 11, 2020 till announcement of budget 2020/2021, which is schedule for June 12, 2020. In an... Read more »

Stock market gains 262 points on improved activity in banking scrips

KARACHI: The stock market gained 262 points on Wednesday as improved trading activity was seen in banking scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 35,065 points... Read more »

FBR withdraws order to examine taxpayers’ information

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn the order to examine persons’ information for identifying potential taxpayers and tax evasion. The FBR on Wednesday issued an order to withdraw the establishment... Read more »

Rupee depreciation against dollar continues

KARACHI: The Pak Rupee continued to slide against dollar on Wednesday and lost 21 paisas owing to higher demand for import and corporate payments. The rupee ended Rs164.55 to the dollar from... Read more »

FIRs lodged against two OMCs for black marketing

ISLAMABAD: Authorities on Tuesday initiated legal action against Oil Marketing Companies (OMCs) for indulgence in hoarding of petroleum products (POL) and creating artificial shortage. At least two FIRs have been lodged against... Read more »

Ban lifted on export of various personal protective equipment

ISLAMABAD: The government on Tuesday lifted ban on export of various personal protective equipment (PPE) with immediate effect. The ministry of commerce issued SRO 526(I)/2020 to amend the Export Policy Order, 2016.... Read more »