Committee to review tax structure for stock market

ISLAMABAD: Federal Board of Revenue (FBR) on Friday set up a consultative committee to review tax structure for stock market. The FBR constituted the consultative committee on capital markets tax reforms, which... Read more »

FMU prepares red flags for real estate agents to report suspicious transactions

KARACHI: Financial Monitoring Unit (FMU) has prepared red flags indicators for real estate agents to report suspicious transactions related sales and purchase of immovable properties for prevent money laundering and terror financing.... Read more »

PM inaugurates special technology zone authority

ISLAMABAD: Prime Minister Imran Khan on Friday said special technology zone authority will serve to create a space for foreign investors. At the launching ceremony of Special Technology Zone Authority (STZA), the... Read more »

Customs officials promoted to post of principal appraisers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified promotions of appraising officers and assistant private secretary of Pakistan Customs Department to the post of principal appraisers (BS-16) with immediate effect until... Read more »

Stock market gains 310 points on improved economic indicators

KARACHI: The stock market gained 310 points on Friday owing to improvement in economic indicators, especially in monthly exports growth that is the highest since September 2013. The benchmark KSE-100 index of... Read more »

Remittances grow by 25 percent; half year highest in 14 years

KARACHI: The inflows of workers remittances have registered 25 percent growth during first half of the current fiscal year. This is the highest half yearly growth since FY07, the State Bank of... Read more »

Rupee depreciates by 16 paisas on import, corporate payment demand

KARACHI: The Pak Rupee fell by 16 paisas against the dollar on Friday owing to demand for import and corporate payments ahead of weekly holidays. The rupee ended Rs160.17 to the dollar... Read more »

FBR constitutes committee for tax return form simplification

ISLAMABAD: Federal Board of Revenue (FBR) on Friday constituted a committee for simplification of income tax return for Tax Year 2021. As a part of various reform initiatives and in pursuance to... Read more »

SBP warns public against dealing with illegal forex operators

KARACHI: State Bank of Pakistan (SBP) has warned general public against sale and purchase through illegal operators and transfer of foreign currency through Hawala and Hundi. The SBP informed the general public... Read more »

Customs to confiscate properties acquired through proceeds of smuggling

ISLAMABAD: Customs authorities have been empowered to confiscate properties that are acquired through proceeds of smuggling. Federal Board of Revenue (FBR) on Thursday notified rules for forfeiture of moveable and immovable properties,... Read more »