SPI inflation rises by 11.28 percent YoY basis

ISLAMABAD: The inflation based on sensitive price indicator (SPI) has increased by 11.28 percent Year on Year by week ended October 08, 2020, Pakistan Bureau of Statistics (PBS) said on Friday. The... Read more »

No restriction on withdrawal, transfers from foreign currency accounts: ministry

ISLAMABAD: The ministry of finance on Friday issued rules governing foreign currency accounts of individuals under which there shall be no restriction on cash withdrawal or transfers from the foreign currency account.... Read more »

Stock market gains 445 points as positive sentiments prevail

KARACHI: The stock market gained 445 points on Friday as positive sentiments prevailed during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,798 points as against 40,354... Read more »

Mobile phone operators deduct only applicable tax rates: PTA

ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Friday said that the Cellular Mobile Operators (CMOs) are deducting only applicable rates of taxes after the restoration of levies by Supreme Court of Pakistan. In... Read more »

Rupee falls 12 paisas on dollar demand for import payment

KARACHI: The Pak Rupee fell by 12 paisas against dollar on Friday owing to enhanced demand for import and corporate payments on the last trading day of the week The rupee ended... Read more »

FBR grants tax exemption of Rs1.1 billion on gratuity payments

ISLAMABAD: Federal Board of Revenue (FBR) has granted exemption of Rs1.11 billion on payment of gratuities to government employees or gratuity fund during tax year 2020. The exemption has been granted under... Read more »