FBR updates application for salary return filing

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday updated Tax Asaan, a mobile phone application, for filing of income tax return by salaried persons. The Tax Asaan application, available for both Android... Read more »

ECC approves expanding duty free car import scheme for disabled persons

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday granted approval to expand the scheme of duty free car import by disabled persons. The ECC allowed amendment in the import... Read more »

Lady tax officer awarded major penalty for misconduct

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday imposed major penalty of ‘compulsory retirement’ upon a lady tax officer on the charges of misconduct i.e. unauthorized absence from duty. In an order,... Read more »

Stock market witnesses selling pressure over FATF bill

KARACHI: The stock market fell by 64 points on Wednesday as investors’ sentiments shaken over FATF bill, which required parliamentary approval. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at... Read more »

Rupee eases by seven paisas as dollar demand persists

KARACHI: The Pak Rupee eased by seven paisas against dollar on Wednesday owing to rising demand for the foreign currency for import payment. The rupee ended Rs166.34 to the dollar from previous... Read more »

SBP to review existing key policy rate of 7 percent on September 21

KARACHI: The State Bank of Pakistan (SBP) on Wednesday said it will review existing key policy rate at 7 percent on Monday, September 21, 2020 for next two months. In its monetary... Read more »

Bank deposits of salaried persons surge by 35 percent to Rs2.252 trillion

KARACHI: The deposits of salaried persons in the domestic banking system surged by 35 percent in August 2020 as financial institutions provided safe avenue for investment. The banking deposits of salaried persons... Read more »