Stock market gains 55 points amid selling pressure

KARACHI: The stock exchange gained 55 points on Monday amid selling pressure seen in banks and fertilizer sectors, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,111... Read more »

SBP issues instructions to banks on sugar import

KARACHI: State Bank of Pakistan (SBP) on Monday issued instructions to banks regarding import of sugar by private importers. The central bank said that the ministry of commerce had issued a public... Read more »

FBR launches action against suspicious transactions to comply FATF requirement

ISLAMABAD: Federal Board of Revenue (FBR) has launched action against suspicious transactions to curb money laundering in order to meet the requirement of Financial Action Task Force (FATF). A statement said that... Read more »

FBR issues list of businesses located in eight cities for mandatory income tax integration

ISLAMABAD: Federal Board of Revenue (FBR) issued list of business located at eight major cities of the country for making mandatory the online integration under income tax laws. The FBR issued SRO... Read more »

Stock market gains 219 points amid mixed trading

KARACHI: The stock market gained 219 points on Thursday amid mixed trading activities. The Index closed at 41,082pts as against 40,863pts showing an increase of 219pts. Analysts at Arif Habib Limited said... Read more »

Rupee makes significant recovery

KARACHI: The Pak Rupee made significant recovery against the dollar on Thursday owing to inflows of export receipts and remittances. The rupee ended Rs167.43 to the dollar from previous day’s closing of... Read more »

Exemption to Greenfield Industry: FBR amends sales tax rules

ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for processing application to avail sales tax exemption on greenfield industry. The FBR issued SRO 777(I)/2020 to amend Sales Tax Rules 2006 and... Read more »

Bank holidays announced for Ashura

KARACHI: State Bank of Pakistan (SBP) on Tuesday announced that the central bank will remain closed on August 29 and 30 on occasion of Ashura, Muharram ul Haram, 1442 AH. The SBP,... Read more »

Stock market gains 570 points as major activity seen in banks

KARACHI: The stock market gained 570 points on Tuesday as banking sector performed well on upcoming inflations numbers and monetary policy announcement. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed... Read more »

FBR grants audit immunity to salaried persons, pensioners

ISLAMABAD: Federal Board of Revenue (FBR) has granted audit immunity to salaried individuals and pensioners for income declared/ return filed for tax year 2018. The FBR on Tuesday issued Audit Policy 2019... Read more »