Car sales dip by 8 percent in July 2020

KARACHI: Domestic car sales have registered 8 percent decline to 11,501 units in July 2020 as compared with 12,482 units in the same month of the last year. Pak Suzuki Motors registered... Read more »

Bank holiday announced

KARACHI: State Bank of Pakistan (SBP) on Tuesday announced that the central bank will remain closed on Friday August 14, 2020 on account of Independence Day as declared by the government. In... Read more »

Stock market gains 644 points as energy sector dominates

KARACHI: The stock market gained 644 points on Tuesday owing to positive activity seen in energy sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,559 points as against... Read more »

Sindh allows people to check number of vehicles registered on CNIC

KARACHI: Sindh Excise and Taxation Department has introduced online facility for the citizens to check number of vehicles registered with their Computerized National Identity Card (CNIC). The facility has been introduced in... Read more »

Rupee recovers 11 paisas against dollar

KARACHI: The rupee recovered 11 paisas against dollar on Tuesday after ease in demand for import and corporate payments. The rupee ended Rs168.27 to the dollar from previous day’s closing of Rs168.38... Read more »

K-Electric declares 48 percent decline in profit after tax payment of Rs2.02 billion

KARACHI: K-Electric, the power utility producing and supplying electricity to Karachi city, has paid Rs2.02 billion as taxes during half year (July – December) 2019/2020 which brought down the company’s net profit... Read more »

FBR admits Rs232 billion payable as income, sales tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) on Monday admitted to pay an amount around Rs232 billion as sales tax and income tax refunds to taxpayers. The FBR disclosed the amount of payable... Read more »

FBR gets PM’s nod for action against senior officers

ISLAMABAD: Federal Board of Revenue (FBR) on Monday said that it has initiated action against two senior officers for involvement in irregularity and corruption after taking approval from the Prime Minister. In... Read more »