Input tax credit against services provided by non-resident available with conditions: SRB

KARACHI: Sindh Revenue Board (SRB) on Friday said that input tax credit for resident taxpayers receiving services from resident outside is available with certain condition. The provincial revenue body said that the... Read more »

Stock market witnesses range bound session

KARACHI: The stock market gained 48 points on Thursday as range bound session was observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,190 points as... Read more »

SBP notifies amendments to consumer financing regulations

KARACHI: State Bank of Pakistan (SBP) on Friday notified amendment in the Regulation R-4 of Prudential Regulations for Consumer Financing. Following are the amendments notified by the central bank: REGULATION R-4: GENERAL... Read more »

Industry rejects cut in gas supply; terms anti-business move

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Friday strongly rejected the cut in gas supply for industrial consumers and CNG stations. Chairman Businessmen Group (BMG) and Former President KCCI Siraj... Read more »

SBP issues revised features of PM’s youth business loan

KARACHI: State Bank of Pakistan (SBP) on Friday issued revised features of Prime Minister’s Kamyab Jawan Youth Entrepreneurship Scheme. The SBP said that the government had approved revision in key features of... Read more »

Rupee gains 23 paisas against dollar on improved inflows

KARACHI: The Pak Rupee strengthened by 23 paisas against dollar on Friday owing to better inflows and improved foreign exchange reserves of the country. The rupee ended 166.35 to the dollar from... Read more »

FBR issues draft rules for allowing reduced income tax rate on import of raw materials

ISLAMABAD: Federal Board of Revenue (FBR) has issued draft rules for grant of concessional tax rate on import of raw materials and capital goods by manufacturers and exporters. The FBR issued SRO... Read more »