ISLAMABAD: Muhammad Javed Ghani, a BS-22 officer of Pakistan Customs Service, has assumed the charge as regular chairman of Federal Board of Revenue (FBR) after serving on the same post as additional charge for almost six months. He is 30th chairman of the organization including the tenure of additional charge from July 07, 2020 to […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday approved removal of additional customs duty at 2 percent on import of raw material of 152 tariff lines. Dr. Abdul Hafeez Shaikh Federal Minister for Finance and Revenue chaired the ECC meeting. Federal Minister for Interior Sheikh Rasheed Ahmed, Minister for Privatization Mohammad Mian […]
ISLAMABAD: Federal Board of Revenue (FBR) has authorized Chief Commissioners of Inland Revenue to appoint officials of BS-1 to BS-15 in field offices, sources said on Wednesday. According to the sources the FBR chairman has designated officers to exercise powers of appointing authority. The FBR chairman being the secretary, revenue division is authorized to appoint […]
KARACHI: The stock market gained 503 points on Wednesday amid buying was witnessed across the board. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,153 points as against 44,650 points showing an increase of 503 points. Analysts at Arif Habib Limited said that buying activity was observed across the board with E&P […]
KARACHI: The Pak Rupee recovered four paisas against the dollar on Wednesday owing to improved supply of the foreign currency to meet demand for import and corporate payments. The local unit recovered after witnessing deterioration in the previous two trading dates. The rupee ended Rs160.29 to the dollar from the previous day’s closing of Rs160.33 […]
KARACHI: State Bank of Pakistan (SBP) has recommended increase in retirement age in order to reduce average coverage period of retirement benefits. “The increase in level of standard pension age may reduce the average coverage period of retirement benefits,” the SBP said in a report issued on Tuesday. The pension system follows two eligibility criteria […]
KARACHI: State Bank of Pakistan (SBP) on Tuesday said that public pension expenditure in Pakistan is on the path to becoming unsustainable. The central bank prepared a study report on rising expenditures of pension which is worrisome. “ … limited fiscal space is a major reason why increasing pension spending is worrisome, improvements in the […]