SECP extends coronavirus contingency plan for corporate meetings

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has extended the applicability of coronavirus related contingency planning for general meetings of shareholders. In a notification issued on Friday, the SECP extended... Read more »

Sales tax rates for construction services updated

KARACHI: Sindh Revenue Board (SRB) has issued updated rates of sales tax on construction services. The SRB explained the rate of sales tax at normal, concessionary and exempted on construction services. The... Read more »

FBR issues procedure for oversight committee to settle cases

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued procedure for assessment oversight committee for resolving cases of settlement filed against assessment notices. The FBR issued SRO 1184(I)/2020 to notify the rules.... Read more »

Share market sheds 340 points on profit taking

KARACHI: The share market witnessed a decline of 340 points on Friday owing to selling pressure across the board. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,732 points... Read more »

Rupee gains 37 paisas; dollar eases to Rs159.09

KARACHI: The Pak Rupee gained 37 paisas against the dollar on Friday owing to lower imports and higher inflows of export receipts and workers remittances, dealers said. The rupee ended Rs159.09 to... Read more »

FBR notifies rules to finalize annual return forms by January 31 every year

ISLAMABAD: Federal Board of Revenue (FBR) on Friday amended rules under which annual income tax return form will be available on January 31 every year following the financial year to which the... Read more »

Customs launches pilot project of authorized economic operator

KARACHI: Pakistan Customs has launched a pilot project of Authorized Economic Operator (AEO) to facilitate trade and industry, a statement said on Friday. The program has been chalked out in line with... Read more »