PM inaugurates Roshan Digital Accounts for NRPs

ISLAMABAD: Prime Minister Imran Khan on Thursday inaugurated the Roshan Digital Account, which is a new initiative of the State Bank of Pakistan (SBP), in partnership with major banks in Pakistan. The... Read more »

FBR constitutes DPC for promotions of BS-16-17 IRS officials

ISLAMABAD: Federal Board of Revenue (FBR) has constituted a Departmental Promotion Committee (DPC) for making recommendation for promotions of officers of Inland Revenue Service (IRS) BS-16 to BS-17. Through a notification issued... Read more »

FBR to launch electronic filing of appeals

ISLAMABAD: Federal Board of Revenue (FBR) has decided to launch an automated system for filing of appeals against orders passed by Commissioners Inland Revenue. FBR spokesman on Thursday said that the decision... Read more »

SBP issues procedure for investment in Naya Pakistan Certificates

KARACHI: State Bank of Pakistan (SBP) on Thursday issued procedure for investment in Naya Pakistan Certificates (NPC) which will be offered to both overseas and resident Pakistanis at attractive rates of return... Read more »

Car sales climb up by 16pc in August

KARACHI: The sales of locally manufactured cars have recorded 16 percent increase to 11,678 units in August 2020 as compared with 10,102 units in the same month of the last year. According... Read more »

Foreign exchange reserves increase to $19.961 billion

KARACHI: The country’s foreign exchange reserves increased by $118 million to $19.961 billion by week ended September 4, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of... Read more »

Stock market gains 625 points as investors welcome Roshan Digital Accounts

KARACHI: The stock market gained 625 points on Thursday as investors responded positively to a banking facility for non-resident Pakistanis. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 42,647... Read more »

Group formed to remove irritants in FBR-NADRA data sharing

ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh on Thursday constituted a high powered group to remove difficulties in data sharing between Federal Board of Revenue... Read more »

Rupee recovers 12 paisas against dollar

KARACHI: The Pak Rupee recovered 12 paisas against dollar on Thursday owing to improved economic indicators, dealers said. The rupee ended Rs166.40 to the dollar from previous day’s closing of Rs166.52 in... Read more »

Bank deposits reach all-time high at Rs16.327 trillion

KARACHI: The deposits of banking systems have reached all-time high at Rs16.327 trillion by end of August 30, 2020, according to data released by State Bank of Pakistan (SBP) on Thursday. The... Read more »