KARACHI: Dr Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance and Revenue on Thursday directed Federal Board of Revenue (FBR) to make payment of all income tax refunds of up to Rs 50 million in the next couple of weeks. He advised the tax authority to adopt a clear roadmap and strategy for […]
KARACHI: The liquid foreign exchange reserves of the country increased by $163 million to $18.953 billion by week ended July 10, 2020, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $18.79 billion by week ended July 03, 2020. The official reserves of the SBP increased […]
KARACHI: The stock market gained 322 points on Thursday due to enhanced activity in cement sector following inauguration of Bhasha Dam, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,001 points as against 36,679 points showing an increase of 322 points. The analysts at Arif Habib Limited said that the […]
KARACHI: The Pak Rupee weakened by 33 paisas against dollar on Thursday owing to rising demand of the foreign currency for import payments. The rupee ended Rs167 to the dollar from previous day’s closing of Rs166.67 in interbank foreign exchange market. Currency experts said that due to economic normalcy return after ease in lockdown the […]
ISLAMABAD: A board constituted under Civil Servants (Directory Retirement from Services) Rules, 2020 will start scrutiny of civil servants by end of this month, a statement said on Wednesday. Initially, the first board meeting will scrutinize 565 officers of Grade 20-22 from Pakistan Administrative Service, Police Service of Pakistan and Secretariat Group will be held […]
ISLAMABAD: Directorate General of Transit Trade has been authorized to track cargo movement of Afghan transit, NATO/ISAF and transshipment in order to avoid incidence of en-route goods slippage. Federal Board of Revenue (FBR) on Wednesday issued SRO 609(I)/2020 for reorganization of the Directorate General of Transit Trade. The FBR said that the directorate shall be […]