Airlines’ pilots get Rs430 million tax concession on allowances

ISLAMABAD: Pilots of Pakistani airlines have availed tax concession to the tune of Rs430 million during tax year 2020 on allowances received from their respective airlines. According to official statistics made available... Read more »

Tax exemption to LNG Terminals costs Rs732 million

ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption of Rs732 million to LNG Terminal Operators and Terminal Owners during tax year 2020. According to official documents made available to, the... Read more »

Agha Steel’s IPO receives overwhelming response

KARACHI: The Initial Public Offering (IPO) of Agha Steel has received overwhelming response from investors as it was oversubscribed at the book building phase on Wednesday. The IPO received an overwhelming response... Read more »

FBR not to ask source of money invested for housing projects by December 31: MTO Chief

KARACHI: Federal Board of Revenue (FBR) will not ask source of money to be invested till December 31, 2020 in a new housing projects, Abdul Hameed Memon, Chief Commissioner, Inland Revenue, Medium... Read more »

Stock market rebounds with 723 points on buying activities

KARACHI: The stock market rebounded on Wednesday and gained 723 points as significant buying activities seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,850 points... Read more »

Karachi Chamber resents FBR’s decision to install surveillance cameras

KARACHI: Business community has resented the decision of tax authorities to monitor production activities through cameras that will be directed connected to main tax database. M. Shariq Vohra, President, Karachi Chamber of... Read more »

Dollar weakens to Rs163.97

KARACHI: The US dollar on Wednesday weakened against the Pak Rupee to Rs163.97 as sufficient supply was seen in the currency market. The rupee gained six paisas to close at Rs163.97 to... Read more »

SBP issues carrot, stick policy for banks on housing loan targets

KARACHI: The State Bank of Pakistan (SBP) has adopted a policy of carrot and stick for banks related to mandatory targets for housing/construction financing. The central bank on Wednesday said that it... Read more »

Teachers, researchers avail Rs2.42 billion income tax exemption

ISLAMABAD: Teachers and researchers have availed tax exemption to the tune of Rs2.42 billion on their income during Tax Year 2020, official sources said on Tuesday. Under Clause 1(2) of Part 3... Read more »