FBR initiates Rs25 billion tax recovery from Mobilink

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday initiated tax recovery of Rs25 billion from M/s. Pakistan Mobile Communication Limited (PMCL), including sealing of business premises. PMCL is a mobile operator in... Read more »

SBP imposes penalty of Rs272 million on four banks

KARACHI: State Bank of Pakistan (SBP) has imposed a monetary penalty of Rs272 million on four commercial banks for violating regulatory instructions related to Know Your Customer (KYC) and AML/CFT. According to... Read more »

Stock market ends down by 195 points in range bound activities

KARACHI: The stock market ended down by 195 points on Wednesday after trading in range bound. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,187 points as against 41,382... Read more »

Dollar falls to 160.62 as Pak Rupee makes 29 paisas gain

KARACHI: The Pak Rupee gained 29 paisas against dollar on Wednesday inflows of workers’ remittances and export receipts offset the demand for import payment. The rupee ended Rs160.62 to the dollar from... Read more »

PSX declares 385 percent increase in after tax quarterly profit

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday announced a 385 percent increase in profit after tax for quarter ended September 30, 2020. According to the financial results, the stock exchange declared Rs152.6... Read more »

FBR notifies rules for duty free minimum value of imported goods

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified rules for duty free minimum value of goods imported through courier and postal service. The FBR issued SRO 1109(I)/2020 to notify amendment to... Read more »