FBR stops manual processing of income tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) has stopped manual processing of income tax refunds and directed tax offices that tax refunds will be processed at central level through State Bank of Pakistan... Read more »

Amazon.com likely increase Pakistan’s exports: SBP

KARACHI: State Bank of Pakistan (SBP) on Wednesday said that listing of local firms on the world leading online marketplace, Amazon.com likely help to increase exports of the country. The central bank... Read more »

Stock market ends down by 138 points in range bound trading

KARACHI: The stock market ended down by 138 point on Wednesday owing to range bound trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,514... Read more »

Dollar appreciates by Rs1.53 on higher import demand

KARACHI: The Pak Rupee weakened by Rs1.53 against dollar on Wednesday owing to higher demand for import and corporate payments. The rupee ended Rs159.83 to the dollar from previous day’s closing of... Read more »

Faiz Illahi posted as Member Facilitation, Taxpayers’ Education

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday transferred and posted Dr. Faiz Illahi Memon as Member Facilitation and Taxpayers Education (FATE) with immediate effect. Dr. Faiz Illahi Memon is a senior... Read more »

SBP projects GDP growth at 2.5pc with 9pc inflation for FY21

KARACHI: State Bank of Pakistan (SBP) has projected GDP growth between 1.5-2.5 percent for the current fiscal year 2020/2021 with up to 9 percent average inflation for the year. The SBP on... Read more »