Pakistan Customs makes seizures of Rs10.36bn in 2 ½ months

KARACHI: Pakistan Customs has accelerated operation against smuggling and non-duty paid items and made seizure of goods and vehicles valuing Rs10.36 billion during two and a half months of the current fiscal... Read more »

TAX DIRECTORY: FBR issues details of tax payment by members of upper, lower houses

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued the tax directory for tax year 2018 disclosing the payment of tax made by members of upper and lower houses. Dr. Abdul Hafeez... Read more »

FBR selects 10,441 income tax audit cases through computer balloting

ISLAMABAD: Federal Board of Revenue (FBR) on Friday selected 10,441 cases of income tax for audit of tax year 2018. The FBR conducted computerized balloting for selection of cases under Audit Policy... Read more »

FBR issues rules for duty free import of minimum value goods

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued rules for duty free minimum value of goods imported through courier and postal service. The FBR issued SRO 886(I)/2020 to notify draft amendment... Read more »

Share market gains by 170 points on positive sentiments ahead of MPS announcement

KARACHI: The share market witnessed an increase of 170 points on Friday owing to rebalancing of international stock market and improved sentiments ahead of announcement of monetary policy statement (MPS). The benchmark... Read more »

Rupee appreciates by 38 paisas on export receipts, remittances inflows

KARACHI: The Pak Rupee appreciated by 38 paisas against dollar on Friday owing to inflows of export receipts and workers remittances. The rupee ended Rs165.83 to the dollar from previous day’s closing... Read more »

Foreign direct investment surges by 40 percent in two months

KARACHI: The net inflow of foreign direct investment (FDI) has surged by 40 percent during the first two months of the current fiscal year, according to data released by State Bank of... Read more »

PSX imposes restriction on New Peak Securities

KARACHI: Pakistan Stock Exchange (PSX) on Thursday imposed restriction on M/s. New Peak Securities (Private) Limited – TREC Holder – on failure to comply with the instructions of the exchange. In a... Read more »