Stock market plunges by 1299 points on increase in corona case

KARACHI: The stock market plunged by 1299 points on Thursday due to several reasons, including rise in coronavirus cases. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,888 points... Read more »

Mobilink terms FBR recovery action as unfortunate

ISLAMABAD: A spokesman of Jazz (Mobilink) on Thursday said that the treatment of the Federal Board of Revenue (FBR) for the recovery of disputed amount through sealing the office was unfortunate. “Despite... Read more »

OICCI expresses dismay over FBR action against mobile operator

KARACHI: Overseas Investors Chamber of Commerce and Industry (OICCI) on Thursday expressed its shock and dismay over action taken by the tax authorities against Pakistan’s leading mobile operator. In a statement, the... Read more »

Dollar falls to Rs160.26 as Pak Rupee gains 36 paisas

KARACHI: The Pak Rupee gained another 36 paisas against the dollar on Thursday owing to inflows of workers’ remittances and export receipts offset the demand for import payment. The rupee ended Rs160.26... Read more »

FBR delegates powers of appointing authority

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday notified authorities for appointment of officials in the revenue board. According to the notification Secretary, the Revenue Division shall have power to appoint officials... Read more »

FBR launches crackdown against sugar mills for benami transactions

ISLAMABAD: Federal Board of Revenue (FBR) has launched investigation against sugar mills after detection of large scale benami transactions. A statement issued on Thursday, the FBR said that Benami Zone II, Lahore... Read more »

Chain stores sign MoU to integrate with FBR’s online system

ISLAMABAD: Big retailers with chain stores have agreed to install Point of Sale (POS) at their outlets to integrate sales and purchase with online system of Federal Board of Revenue (FBR). In... Read more »

FBR takes notice of officials’ reluctance in joining new place of posting

ISLAMABAD: Federal Board of Revenue (FBR) has decided to take departmental action against officials who are reluctant in joining new place of posting. In a circular issued on Wednesday, the FBR has... Read more »