Duty exempted on import of medical equipments for prevention, treatment of COVID

ISLAMABAD: Federal Board of Revenue (FBR) on Monday exempted customs duty, regulatory duty and additional customs duty on import of medical instruments and equipments for prevention and treatment of COVID pandemic. The... Read more »

Phone SMS included as mode of service for tax notices

ISLAMABAD: Federal Board of Revenue (FBR) expanded the scope of service tax notices and included mobile phone SMS as valid service of documents. The FBR issued SRO 1250(I)/2020 on Monday to issue... Read more »

Transit trade activity starts at Gwadar Port

ISLAMABAD: A first carrier containing 200 tons of fish from international waters arrived at Gwadar. The fish will be shipped to China in reefer containers, said Federal Board of Revenue (FBR) on... Read more »

Share market ends down by 555 points amid partial lockdown

KARACHI: The share market ended down by 555 points on Monday following rise in coronavirus cases and imposition of partial lockdown in different cities. The benchmark KSE-100 index of Pakistan Stock Exchange... Read more »

Dollar advances to Rs161.05

KARACHI: The US dollar gained 32 paisas against Pak Rupee on Monday owing to higher demand for import and corporate payments. The exchange rate was settled at Rs161.05 to the dollar from... Read more »

SBP keeps key policy rate unchanged at 7 percent

KARACHI: The monetary policy committee of the State Bank of Pakistan has decided to keep the key policy rate unchanged at 7 percent for next two months. In an announcement on Monday,... Read more »

Tax return filing reaches record high of 2.95 million

ISLAMABAD: The filing of income tax return has reached a record high of 2.95 million, according to the updated Active Taxpayers List (ATL) issued by Federal Board of Revenue (FBR) on Monday.... Read more »