FBR issues TORs for probing complaints against IR, Customs officials

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued Terms of Reference (TORs) for processing of complaints and launch probe against officials of Inland Revenue and Pakistan Customs. The TORs have been... Read more »

SBP cuts loan write-off history to 10 years

KARACHI: State Bank of Pakistan (SBP) has allowed to reduce the history of write-off/waived loans and advances for corporate borrowers from 15 years to 10 years. A statement issued on Thursday, the... Read more »

Country’s foreign exchange reserves increase to $19.907 billion

KARACHI: The liquid foreign exchange reserves of the country increased by $553 million to $19.907 billion by week ended November 06, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign... Read more »

SBP directs blocking payments for subscribing Indian online contents

KARACHI: State Bank of Pakistan has banned online payment for subscribing Indian entertainment content. In a circular issued to all banks, the SBP directed to block the payment to Indian content. The... Read more »

Stocks plunge by 633 amid rising coronavirus cases

KARACHI: The stock market witnessed a decline of 633 points on Thursday owing to surge in cases of coronavirus in the country. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended... Read more »

Rupee advances by 16 paisas; dollar retreats to Rs158.33

KARACHI: The Pak Rupee made another gain of Rs16 paisas against dollar on Thursday owing to healthy inflows of workers’ remittances during the current fiscal year. The rupee ended Rs158.33 to the... Read more »

Workers’ remittances increase by 26.5pc in July – October

KARACHI: The inflow of workers’ remittances has sharply increased by 26.5 percent to $9.43 billion during first four months (July – October) of current fiscal year 2020/2021, State Bank of Pakistan (SBP)... Read more »

Capital Gain Tax: investors require maintaining accounts, records separately

ISLAMABAD: Federal Board of Revenue (FBR) has said that every investor of stock exchange shall maintain accounts and records separately for each of his brokerage accounts regarding payment of capital gain tax... Read more »

FBR connects with NADRA system to identify potential taxpayers

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday signed a Memorandum of Understanding (MoU) with National Database Regulatory Authority (NADRA) to verify persons’ identity directly. A statement issued by the FBR said... Read more »