FBR exempts sales tax on import of oxygen gas, cylinders

ISLAMABAD: Federal Board of Revenue (FBR) on Monday granted sales tax exemption on import of oxygen gas and cylinders (for oxygen gas) for a period of three months. The FBR issued SRO... Read more »

Stock market gains 613 points amid mixed trading

KARACHI: The stock market gained 613 points on Monday amid mixed trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,872 points as against 39,258... Read more »

Rupee slips by 48 paisas against dollar on post Eid demand

KARACHI: The Pak Rupee slipped by 48 paisas against dollar on Monday due to higher demand for the foreign currency at the resumption of trading after Eid holidays. The rupee ended at... Read more »

World Bank appoints Najy Benhassine as country director for Pakistan

ISLAMABAD: World Bank has appointed Najy Benhassine as new Country Director for Pakistan effective August 1. He succeeds Illango Patchamuthu, who completed his term on July 31, a statement said on Monday.... Read more »

Headline inflation grows by 9.3pc in July

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) has increased by 9.3 percent on Year-on-Year (YoY) basis in July 2020, according to data released by Pakistan Bureau of Statistics (PBS)... Read more »

Withholding tax rates on dividend income updated for tax year 2021

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax card for dividend income to be applicable during Tax Year 2021 (2020-2021). The FBR issued the withholding tax card 2020-2021 (updated up... Read more »