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SBP unveils policy to enhance financial inclusion of persons with disabilities
KARACHI: State Bank of Pakistan (SBP) on Monday unveiled a policy to enhance the financial inclusion of persons with disabilities (PWDs), according to a statement issued by the central bank. […]
Stocks shed 226 points on concerns over inflationary pressure
KARACHI: The stock market fell by 226 points on Monday owing to concerns of inflationary pressure and rise rupee/dollar parity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed […]
Karachi Interbank Offered Rates on June 21
KARACHI: State Bank of Pakistan (SBP) on Monday issued following Karachi Interbank Offered Rates (KIBOR) as on June 21, 2021. Tenor BID OFFER 1 – Week 6.92 7.42 2 – […]
Rupee ends down by 62 paisas against dollar
KARACHI: The Pak Rupee depreciated by 62 paisas against the dollar on Monday due to higher demand for import and corporate payments. The rupee ended at Rs157.51 to the dollar […]
Pakistan likely to exit from FATF’s grey list
KARACHI: The plenary meeting of Financial Action Task Force (FATF) is scheduled to start from June 21, 2021. The meeting may decide to give green signal to Pakistan for white […]
Tax Rates for Individuals and Association of Persons
ISLAMABAD: The government has decided to retain the tax rates for individuals and Association of Persons (AOPs) for the year 2021-2022, sources in Federal Board of Revenue (FBR) said. Since […]
Super tax permanently imposed on banking companies
ISLAMABAD: The levy of super tax has been permanently imposed on banking companies as it was expiring in the tax year 2021. Sources in the Federal Board of Revenue (FBR) […]
Salary Tax Rates for year 2021-2022
ISLAMABAD: The Finance Bill 2021 has not proposed changes to tax rates and slabs for salaried persons for tax year 2022, sources in Federal Board of Revenue (FBR) said. Therefore […]
FBR to confiscate goods without brand licensing
ISLAMABAD: Brand licensing has been proposed to make mandatory for manufacturers of specified goods. In failure to comply with it is proposed the Federal Board of Revenue (FBR) should be […]
Export orders under threat as gas supply to industries suspended
KARACHI: Industrial activities come to a standstill as gas supply was suspended by Sui Southern Gas Company (SSGC). The suspension would affect meeting export orders. Abdul Hadi, President, Site Association […]