Petroleum prices increased up to 66 percent; Petrol enhanced to Rs100.10/liter

ISLAMABAD: The federal government has increase prices of petroleum products (POL) up to 66 percent effective from June 26, 2020. According to new prices issued by the ministry of finance the maximum... Read more »

FPCCI advises central bank to bring down interest rate to 5 percent

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has advised the State Bank of Pakistan (SBP) to bring down the key policy rate at 5 percent considering the prevailing situation... Read more »

KCCI declares policy rate cut insufficient

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) is not satisfied with one percent interest rate cut by the State Bank of Pakistan (SBP) and said it is very little reduction. Chairman... Read more »

Stock market gains 230 points on surprise rate cut

KARACHI: The stock market gained 230 points on Friday after the central bank announced a surprise cut in interest rate a day earlier. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Customs officials promoted to post of assistant collector

KARACHI: Federal Board of Revenue (FBR) on Friday notified promotions of customs officials to the post of Assistant Collector (BS-17) in the Pakistan Customs Service with immediate effect and until further orders.... Read more »

Rupee weakens by 31 paisas on import payment demand

KARACHI: The Pak Rupee weakened by 31 paisas against dollar on Friday owing to higher demand for import and corporate payment as fiscal year ending next week. The rupee ended Rs167.67 to... Read more »

Customs collectorates to observe extended working hours on June 29-30

KARACHI: Federal Board of Revenue (FBR) on Friday said that the collectorates of Customs will observe extended working hours on June 29 and 30, 2020 to facilitate trade and business in payment... Read more »

Cash withdrawal should be exempted from withholding tax; Senate recommends key changes in Finance Bill 2020

ISLAMABAD: The Senate of Pakistan has recommended the government to abolish withholding tax on cash transactions from banks. In its key tax recommendations for finalizing budget 2020/2021, the Senate recommended that the... Read more »

Senate advises salary increase by 10 percent

ISLAMABAD: The Senate of Pakistan has recommended increase in salary of government employees by at least 10 percent for fiscal year starting July 01, 2020. As per the general consensus recommendations of... Read more »

Senate recommends tobacco must be treated as crop, exempted from duty/taxes

ISLAMABAD: The Senate of Pakistan has recommended that tobacco must be treated as a crop and must be exempted from duty and taxes. In its recommendations to Finance Bill 2020, the upper... Read more »