Rate of income tax on brokerage, commission

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of income tax on brokerage and commission to be applicable for tax year 2021 (July 01, 2020 to June 30, 2021). The FBR... Read more »

SBP revises mechanism for valuation, repatriation of disinvestment proceeds

KARACHI: In order to further streamline the process of remittance of disinvestment proceeds, State Bank of Pakistan (SBP) has decided to further delegate the authority to banks of resident companies for remittance... Read more »

Ms. Nargis Sethi appointed as chairperson pay, pension commission

ISLAMABAD: The government has appointed M.s Nargis Sethi as chairperson of the pay and pension commission with immediate effect. A notification issued dated October 15, 2020 by the Finance Division stated that... Read more »

ECC decides to propose increase in wheat support price to Rs1600

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday decided to propose the federal cabinet to enhance support price of wheat to Rs1600 for the crop 2020-2021. It was briefed... Read more »

Stock market gains 585 points on FATF decision

KARACHI: The stock market gained 585 points on Monday owing to positive sentiments on FATF decision and outstanding financial results. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,851... Read more »

Dollar eases to Rs161.05

KARACHI: The Pak Rupee appreciated by 32 paisas to the dollar on Monday owing to improved foreign exchange reserves of the country and better inflows. The rupee ended at Rs161.05 to the... Read more »

Gul Rehman posted as Chief Collector Balochistan

ISLAMABAD: Federal Board of Revenue (FBR) has posted Gul Rehman, a BS-21 officer of Pakistan Customs Service (PCS) as Chief Collector of Customs, Balochistan, with immediate effect. According to a notification issued... Read more »

UBL makes Rs5.45 billion quarterly provisioning, write-offs

KARACHI: High provisioning and write-offs of Rs5.45 billion has resulted in decline of after tax profit declared by United Bank Limited (UBL) UBL submitted its financial results to Pakistan Stock Exchange (PSX)... Read more »

Pakistan, Iran agree to increase working hours at borders

ISLAMABAD: Pakistan and Iranian authorities at a meeting of the Joint Border Trade Committee (JBTC) have agreed to increase working hours at borders to boost bilateral trade, a statement said on Sunday.... Read more »