Finance Act 2020: Commissioner empowered to cancel exemption certificate

ISLAMABAD: A commissioner of Inland Revenue has been authorized to cancel or modify exemption certificate issued automatically by online system IRIS. Through Finance Act, 2020 amendment has been made to Section 153... Read more »

Finance Act 2020: customs to allow provisional release in anti-dumping duty case

ISLAMABAD: The customs authorities shall allow provisional release of goods on bank guarantee where levy of anti-dumping duty challenged in court of law. Through Finance Act, 2020 applicable from July 01, 2020... Read more »

Stock market gains 73 points in narrow range trading

KARACHI: The stock market ended with 73 points on Friday after traded in narrow range trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 35,051 points as against 34,978... Read more »

Rupee gains 68 paisas on improved foreign exchange reserves

KARACHI: The Pak Rupee gained 68 paisas against dollar on Friday after improvement in foreign exchange reserves of the country. The rupee ended Rs166.21 to the dollar from previous day’s closing of... Read more »

Trade deficit narrows by 27pc in 2019/2020

ISLAMABAD: Pakistan’s trade deficit narrowed by 27 percent to $23.18 billion in fiscal year 2019/2020 as against the deficit of $31.8 billion in the preceding fiscal year, Pakistan Bureau of Statistics (PBS)... Read more »

Meezan Bank’s Shariah Board approves guidelines for COVID related refinance schemes

KARACHI: Meezan Bank’s Shariah Supervisory Board (SSB) has approved guidelines for COVID-19 related refinance schemes intended to provide relief to businesses and individuals during these challenging times. In the 47th meeting of... Read more »

Competition Commission approves 59 mergers, acquisitions in 2019/2020

ISLAMABAD: The Competition Commission of Pakistan (CCP) has processed and granted approval to 59 merger and acquisition applications during fiscal year 2019-2020, against the annual target of 50, showing the CCP’s promising... Read more »