Bank deposits reach new peak of Rs16.88 trillion by September

KARACHI: The deposits of banking system surged to a new record high of Rs16.886 trillion by end of September 2020, according to data released by State Bank of Pakistan (SBP) on Wednesday.... Read more »

FBR abolishes regulatory duty, ACD on various imported goods

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday abolished regulatory duty and additional customs duty on various raw materials used by textile industry. The FBR issued SRO 1043(I)/2020 dated October 13, 2020... Read more »

LTO Karachi takes measures to contain resurgence of coronavirus

KARACHI: Large Taxpayers Office (LTO) Karachi has taken measures to contain the resurgence of coronavirus. In this regard, an advisory has been issued for the staff of LTO Karachi with directives of... Read more »

Stock market gains 138 points amid volatile trading

KARACHI: The stock market gained 138 points on Wednesday amid high volatile trading sessions during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended 40,144 points from previous day’s... Read more »

New AML/CFT screening facility launched for financial sector

KARACHI: First Paramount Modaraba managed by Paramount Investments Limited on Wednesday announced the launch of its new Anti-Money Laundering (AML)/Countering Financing of Terrorism (CFT) screening facility for financial sector and other businesses.... Read more »

Rupee gains 39 paisas on sufficient inflows

KARACHI: The Pak Rupee gained 39 paisas against the dollar on Wednesday owing to significant inflows of export receipts and workers’ remittances. The rupee ended at Rs163.48 to the dollar from the... Read more »

FTO directs to enforce certificate of origin to prevent under invoicing

ISLAMABAD: Federal Tax Ombudsman (FTO) has directed tax authorities to enforce certificate of origin from respective country of manufacture. The FTO recommended that the commerce ministry to frame and enforce rules of... Read more »