MCC Gwadar announces vehicle auction on October 20 at Turbat

KARACHI: Model Customs Collectorate (MCC) Gwadar announced auction of confiscated vehicles to be held on October 20, 2020 at Customs Station Turbat. Following vehicles to be presented for the auction: Zamyad, Reg... Read more »

List of approved currency exchange companies in Pakistan

KARACHI: State Bank of Pakistan (SBP) has issued list of approved currency exchange companies in the country. The SBP on Friday issued updated Exchange Companies Manual. Following is the list of exchange... Read more »

SBP launches digital foreign exchange operations

KARACHI: State Bank of Pakistan (SBP) has launched an initiative to transform digital foreign exchange operations by replacing the paper-based requests with electronic submissions, which is not only efficient but also cost... Read more »

IT Ministry, Microsoft to explore investment avenues

ISLAMABAD: The ministry of Information Technology and Microsoft to explore avenues for investment in Pakistan to support employment generation. A statement said that Country Director of Microsoft for Pakistan, Shahzad Khan, called... Read more »

PCAA imposes penalty on Qatar Airlines for violating COVID SOPs

ISLAMABAD: Pakistan Civil Aviation Authority (PCAA) has imposed a monetary penalty of Rs100,000 on Qatar Airlines for violating SOPs related to COVID-19. A statement on Friday said that the government of Pakistan... Read more »

FDI falls by 24 percent in July – September

KARACHI: The flow of foreign direct investment (FDI) into the country has declined by 24 percent to $416 million during first quarter (July – September) of current fiscal year, State Bank of... Read more »

Share market gains 95 points in mixed trading

KARACHI: The share market gained 95 points on Friday amid mixed trading sessions and political uncertainty. The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 40,164 points from previous day’s closing... Read more »

Rupee strengthens by 37 paisas on improved sentiments

KARACHI: The Pak Rupee strengthened by 37 paisas against dollar on Friday owing to improved economic indicators and positive sentiments. The rupee ended Rs162.49 to the dollar from previous day’s closing of... Read more »

TAX YEAR 2021: tax rate for profit on debt

KARACHI: Federal Board of Revenue (FBR) has updated tax rate for profit on debt to be applicable during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income... Read more »

TAX YEAR 2021: rate of dividend tax

ISLAMABAD: Federal Board of Revenue (FBR) has updated income tax rate on dividend received from a company during tax year 2021 (July 01, 2020 – June 30, 2021). The FBR issued Income... Read more »