Pakistan’s foreign exchange reserves up by $651 million

KARACHI: The liquid foreign exchange reserves of the country increased by $651 million by week ended July 30, 2020 owing to foreign inflows, State Bank of Pakistan (SBP) said on Thursday. The... Read more »

Rupee recovers 10 paisas on improved export receipts

KARACHI: The Pak Rupee recovered 10 paisas against dollar on Thursday after ease in demand for import payments and report of improved export receipts. The rupee ended Rs168.13 to the dollar from... Read more »

SBP allows opening foreign currency accounts on declared assets abroad

KARACHI: The State Bank of Pakistan (SBP) on Thursday introduced a separate category of foreign currency account for non-resident and resident Pakistanis, who have assets abroad and declared with the tax authorities.... Read more »

FBR updates withholding tax rate on payment for goods, services

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on payments for goods and services during tax year 2021. The FBR updated withholding tax card 2020-2021 after incorporating amendments made... Read more »

Indemnity bond to be made mandatory for international transshipment facility

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday issued draft rules to make indemnity bond mandatory for shipping lines intending to use facility of international transshipment cargo within Pakistani sea ports. The... Read more »