KCCI rejects extension in lockdown

KARACHI: Business community on Wednesday rejected the extension in lockdown till July 15, 2020 by the Sindh government and said that procedures should be laid down to allow business activities. Karachi Chamber... Read more »

PTA suspends PUBG

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Wednesday suspended online gaming application namely PUBG with immediate effect due to adverse effect on children health. According to a statement issued by the authority it... Read more »

FBR exempts customs duty on oxygen gas, cylinder import

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday granted exemption from customs duty on import of oxygen gas and oxygen gas cylinders in order to ensure availability in the wake of coronavirus... Read more »

Haroon Rashid elected as President OICCI

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) has elected Haroon Rashid as president of the chamber with effect from July 01, 2020. His appointment came following a successful tenure of... Read more »

Stock market begins new fiscal year with 468 points gain

KARACHI: The stock market gained 468 points on Wednesday to begin the new fiscal year 2020/2021 on positive note. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,889 points... Read more »

Headline inflation increases by 8.6 percent in June

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.6 percent on Year on Year (YoY) basis in June 2020 as compared to an increase of 8.2 percent in... Read more »

Security forces to provide monthly details of confiscated smuggled goods to FBR

ISLAMABAD: Security forces engaged in anti-smuggling activities to submit monthly seizure report to Federal Board of Revenue (FBR). The FBR issued SRO 578, 579 and 580(I)/2020 to amend Customs Act, 1969 making... Read more »

SRB makes mandatory for banks to provide quarterly statement of taxable services

KARACHI: Sindh Revenue Board (SRB) has made mandatory for banking companies to provide quarterly reconciled statement of taxable services provided during the period. The SRB issued notification No. SRB-3-4/17/2020 effective from July... Read more »