FBR enhances threshold to designate withholding agent

ISLAMABAD: Federal Board of Revenue (FBR) has excluded taxpayers having turnover below Rs100 million from mandatory collection and deduction of withholding tax. The FBR issued Income Tax Circular No. 03 of 2020... Read more »

Share market plummets by 165 points on profit taking

KARACHI: The stock market fell by 165 points on Friday owing to profit taking on the last trade day of the week and bearish trend in world stocks. The benchmark KSE-100 index... Read more »

Trade deficit narrows by 8.32 percent in July – August

ISLAMABAD: The trade deficit of the country has narrowed by 8.32 percent in the first two months of the current fiscal year owing to decline in import bill during the period under... Read more »

Rupee appreciates by 27 paisas on improved inflows

KARACHI: The Pak Rupee appreciated by 27 paisas against dollar on Friday owing to increase in foreign exchange reserves of the country, dealers said. The rupee ended at Rs165.77 to the dollar... Read more »

Persons on Sales Tax ATL allowed sugar import with tax concessions

ISLAMABAD: The ministry of commerce has said that only those importers, who are on the Active Taxpayers List (ATL) of Sales Tax issued by the Federal Board of Revenue (FBR), are eligible... Read more »

Exports decline by 19.5 percent as rains, urban flooding disrupt supply chain

ISLAMABAD: The exports have registered 19.5 percent decline in August 2020 owing to torrential rains and significant urban flooding in Karachi. The exports for the month of August 2020, have recorded a... Read more »