FBR extends utilization period of input goods under export schemes

ISLAMABAD: Federal Board of Revenue (FBR) has extended the utilization period of input goods under export facilitation schemes up to February 28, 2021 for all three schemes that are Manufacturing Bond, Export... Read more »

SBP sells Rs478 billion worth treasury bills through auction

KARACHI: The government has borrowed an amount of Rs474.8 billion through sale of market treasure bills on Wednesday. The State Bank of Pakistan (SBP) said that bids were invited for the auction... Read more »

FBR introduces income tax return form in Urdu language

ISLAMABAD: Federal Board of Revenue (FBR) has introduced income tax return form in Urdu language in order to facilitate taxpayers, a FBR spokesman said on Wednesday. The spokesman said that on the... Read more »

Boycott against foodpanda expands to major cities

KARACHI: Restaurant owners of major cities of the country have joined boycott against foodpanda as food delivery company failed to negotiate, a statement said on Wednesday. The All Pakistan Restaurant Association (APRA),... Read more »

Regulatory duty, additional customs duty withdrawn on various textile products

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved withdrawal of regulatory duty and additional customs duty on various textile products. The regulatory duty and additional customs duty have... Read more »

NCCPL announces collection of capital gain tax on September 30

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday announced that it will collect/deduct capital gain tax (CGT) for the period of July – August on September 30, 2020. In a... Read more »

Share market inches up in narrow range trading

KARACHI: The share market gained 47 points on Wednesday while trading in narrow band, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,876 points as against 41,828... Read more »

Rupee ends flat amid demand for import payment

KARACHI: The Pak Rupee ended flat against dollar on Wednesday despite higher demand for import and corporate payments, dealers said. The rupee ended Rs166.22 to the dollar from the previous day’s closing... Read more »

FBR advised to activate anti-corruption committees

ISLAMABAD: A senior officer of Pakistan Customs has advised the Federal Board of Revenue (FBR) to activate recently established committees for eliminating corruption in the organization. Dr. Asif Mahmood Jah, Chief Collector... Read more »