FBR notifies transfers of 38 Customs officers of BS-18, BS-19

ISLAMABAD: Federal Board of Revenue (FBR) on Monday notified transfers and postings of 38 officers of Pakistan Customs Service (PCS) in BS-18 and BS-19 with immediate effect and until further orders. Following... Read more »

Stock market witnesses selling, decline by 115 points

KARACHI: The stock market posted decline of 115 points on Monday owing to selling pressure seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,915 points... Read more »

Rupee slips by 50 paisas on import payment demand

KARACHI: The Pak Rupee has slipped by 50 paisas against dollar on Monday owing to higher demand for import and corporate payment on the first day of the week. The rupee ended... Read more »

SBP enhances loan limits to facilitate borrowers

KARACHI: State Bank of Pakistan (SBP) has enhanced limits of loans in various categories in order to facilitate borrowers to meet demand in present conditions. The central bank in a statement on... Read more »

IRS bureaucracy shaken

ISLAMABAD: Federal Board of Revenue (FBR) has shaken the Inland Revenue bureaucracy and around 97 senior officials were transferred, sources said on Monday. According to the sources around 83 officers of BS-20... Read more »

Non-ATL to pay 0.6pc withholding tax on cash withdrawal

ISLAMABAD: Federal Board of Revenue (FBR) has said that 0.6 percent withholding tax shall be collected on cash withdrawal of Rs50,000 each day by persons not on the Active Taxpayers List (ATL).... Read more »