FBR, Punjab Excise, Taxation sign exchange of information agreement

ISLAMABAD: Federal Board of Revenue (FBR) and Punjab Excise, Taxation and Narcotics Control Department have signed an agreement for exchange of information of respective registered persons with the respective authorities. The signing... Read more »

SBP allows opening of selected bank branches on Saturdays

KARACHI: State Bank of Pakistan (SBP) on Monday allowed banks to open their selected branches on Saturdays with ensuring implementation of SOPs to prevent coronavirus. The SBP said that through a notification... Read more »

Foreign investors express concern over high turnover tax

KARACHI: Foreign investors have expressed concerns over high rate of turnover tax rate, especially for those sectors where margins are very low. Overseas Investors’ Chamber of Commerce and Industry (OICCI) expressed this... Read more »

Stock market ends unchanged amid range bound trading

KARACHI: The stock market ended unchanged on Monday as the market traded witnessed range bound activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed closed at 42,531 points same as... Read more »

Rupee eases by 20 paisas on import payment

KARACHI: The Pak Rupee fell by 20 paisas against the dollar on Monday owing to higher demand of the foreign currency for import and corporate payments. The rupee ended Rs166.17 to the... Read more »

Workers’ remittances surge by 31pc in July – August

KARACHI: The inflow of workers’ remittances sharply increased by 31 percent during first two months of the current fiscal year owing to initiatives of the central bank. The inflow of remittances surged... Read more »