Rules drafted to empower customs freeze smuggled assets

ISLAMABAD: Federal Board of Revenue (FBR) has drafted rules to empower customs officials to trace and freeze assets acquire by any person through proceeds of smuggling. The FBR on Friday issued SRO... Read more »

SBP announces incentives for banks to finance low cost housing

KARACHI: The State Bank of Pakistan (SBP) on Friday amended regulations to incentivize banks for financing low cost and affordable housing. A statement said that the central bank is constantly providing enabling... Read more »

FBR gets details of buyers, sellers of immovable properties

ISLAMABAD: Federal Board of Revenue (FBR) is getting information of buyers and sellers of immovable properties through provincial registrars. FBR officials on Friday said that the tax authorities were monitoring all the... Read more »

ECC approves $150 million for COVID vaccine purchase

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Friday approved an amount of $150 million for the purchase of the COVID-19 vaccine. Adviser to the Prime Minister on Finance and... Read more »

Stock market sheds 354 points ahead MPS announcement

KARACHI: The stock market fell by 354 points on Friday owing to imposition of smart lockdown and schedule announcement of monetary policy statement (MPS). The benchmark KSE-100 Index of Pakistan Stock Exchange... Read more »

Rupee ends down by 11 paisas on foreign payment demand

KARACHI: The Pak Rupee ended down by 11 paisas against the dollar on Friday owing to demand of the foreign currency for import and corporate payments. The rupee ended Rs160.73 to the... Read more »

FBR issues rules for centralized payment of income tax refunds

ISLAMABAD: Federal Board of Revenue (FBR) on Friday issued draft rules for issuance of centralized payment of income tax refund. The FBR issued SRO 1239(I)/2020 to issue draft amendment to Income Tax... Read more »

MTO Karachi appoints focal person to facilitate construction sector

KARACHI: Medium Taxpayers Office (MTO) Karachi has appointed a focal person to facilitate construction industry for availing special incentive package announced by the prime minister. According to an office order issued by... Read more »

Zhiping Rong resigns as shareholder director of PSX

KARACHI: Zhiping Rong has resigned as shareholder director of Pakistan Stock Exchange (PSX), according to a statement issued on Friday. Zhiping Rong was representing China Financial Future Exchange on the board of... Read more »

FBR invites services for real-time monitoring, tracking of cargo movement

ISLAMABAD: Federal Board of Revenue (FBR) has invited Expression of Interest (EOI) from companies providing real-time support for monitoring and tracking of transit / transshipment of goods. The FBR said that expression... Read more »