Rate of advance tax on sale, purchase of immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) has updated rate of advance tax on sale and purchase of immovable properties during tax year 2021 (July 01, 2020 to June 30, 2021). The FBR... Read more »

Import bill falls by over 10 percent in October; export witnesses 2.1 percent growth

ISLAMABAD: The country’s import bill has witnessed decline by 10.3 percent to $4.07 billion in October 2020 as compared with $3.65 billion in the same month of the last year. Meanwhile, the... Read more »

SRB issues sales tax rate on telecom services

KARACHI: Sindh Revenue Board (SRB) on Tuesday updated working tariff up to November 01, 2020 for levy of sales tax on telecommunication services. The sales tax on services are exempt on telecommunication... Read more »

FPCCI welcomes electricity tariff reduction

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the decision of Prime Minister Imran Khan to provide relief industries by reducing electricity tariff. Mian Anjum Nisar, President FPCCI,... Read more »

Electricity tariff reduced up to 50pc on additional usage to promote industries

ISLAMABAD: The government on Tuesday announced up to 50 percent reduction in electricity tariff on additional usage to promote industries in the country. Prime Minister Imran Khan announced a relief package for... Read more »

Stock market gains 1,369 points as international oil price increases

KARACHI: The stock market made a massive recovery of 1,369 points on Tuesday owing to increase in international oil prices and positive trend in global stocks. The benchmark KSE-100 index of Pakistan... Read more »

Dollar eases to Rs159.97

KARACHI: The Pak Rupee gained 14 paisas against dollar on Tuesday amid inflows of workers’ remittances and export receipts, dealers said. The rupee ended at Rs159.97 to the dollar from last day’s... Read more »