Banks should aware customers about online frauds: Ombudsman

ISLAMABAD: The Banking Mohtasib (Ombudsman) of Pakistan has recommended that at the time of activation of online services Banks/ Microfinance Banks relevant staff shall educate customers about various types of online banking... Read more »

National Savings: Rules notified for identification of customers, beneficial owners

ISLAMABAD: National Savings (AML and CFT) Supervisory Board for National Savings Schemes has issued SRO 956(I)/2020 for identification and verification of customers, beneficial owners of saving schemes. According to the SRO regulations... Read more »

Engro Fertilizers announces 112 percent growth in quarterly profit

KARACHI: Engro Fertilizers Limited has recorded massive growth of around 112 percent for the quarter ended September 30, 2020 owing to increase in sales and lower payment of taxes. In its financial... Read more »

Share market gains 579 points on better banking results

KARACHI: The share market gained 579 points on Wednesday owing to better financial results by the banking sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,536 points as... Read more »

SBP extends compliance timeline for banks amid COVID challenges

KARACHI: State Bank of Pakistan (SBP) on Wednesday extended timelines for compliance with various regulatory requirements by banks considering the challenges of COVID-19 faced by the financial industry. The SBP invited attention... Read more »

Rupee gains 15 paisas on current account surplus

KARACHI: The Pak Rupee gained 15 paisas against the dollar on Wednesday owing to a report of a surplus current account for the first quarter of the current fiscal year. The rupee... Read more »

TAX YEAR 2021: tax rate on profit on bank deposits

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

TAX YEAR 2021: rate of advance tax on dividends

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance tax on dividends for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR issued Income Tax Ordinance, 2001... Read more »