SRB issues procedure for sales tax collection on renting tangible goods

KARACHI: Sindh Revenue Board (SRB) on Monday issued procedure for collection of sales tax on services on renting of machinery, equipment, appliances and other tangible goods. The SRB issued the rules for... Read more »

Ufone awarded Rs518 million next generation broadband projects

ISLAMABAD: Universal Service Fund on Monday awarded contracts to PMTL (Ufone) for Next Generation Broadband for Sustainable Development Projects in Balochistan worth Rs518 million. Federal Secretary Ministry of IT & Telecom Shoaib... Read more »

Bank holiday announced on July 01

KARACHI: The State Bank of Pakistan (SBP) will remain closed for public dealing on Wednesday, July 1, 2020, which will be observed as ‘Bank Holiday’ enabling the bank to close its accounts,... Read more »

SBP enhances credit card limits under consumer financing

KARACHI: State Bank of Pakistan (SBP) on Monday enhanced credit card limit by amending regulations related to consumer financing. The SBP said that It had decided to revise the regulatory limits prescribed... Read more »

KSE-100 gains 242 points: successful anti-terror operation boosts investors’ confidence

KARACHI: The successful operation of law enforcement agencies (LEAs) against terror attack on Pakistan Stock Exchange (PSX) on Monday which boosted the investors’ confidence and the market ended with a gain of... Read more »

Dollar strengthens to Rs168.19

KARACHI: The Pak Rupee ended down by 52 paisas against dollar on Monday owing to higher import and corporate payment demand, dealers said. The rupee ended at Rs168.19 to the dollar from... Read more »

Pakistan Stock Exchange terror attack; all terrorists killed

KARACHI: The security forces have failed a terrorist attack on Pakistan Stock Exchange (PSX) on Monday morning and killed all the four terrorists. However, four security gaurds and police personnel also died... Read more »

FBR grants Rs45 billion customs duty exemption under free trade agreements

KARACHI: Federal Board of Revenue (FBR) has granted an amount Rs45 billion as cost of customs duty exemption and concession of customs duty on imports under free and preferential trade agreements. According... Read more »