SECP board approves amendments to exchange traded fund regulations

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has approved amendments to Exchange Traded Funds Regulations and other regulations at its policy board meeting which met in Islamabad under the chairmanship... Read more »

Traders criticizes FBR for early implementation of CNIC condition

KARACHI: Traders have strongly criticized Federal Board of Revenue (FBR) for applying condition of Computerized National Identity Card (CNIC) for sales tax invoices much before its promised date of September 30, 2019. Read more »

KCCI opposes proposal to extend tenure of FPCCI office bearers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has strongly opposed to the proposal regarding extending the tenure of office bearers of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) from... Read more »

MCC Preventive Peshawar announces auction of confiscated vehicles on Sept 11

ISLAMABAD: Model Customs Collectorate (MCC) Preventive Peshawar has announced auction of confiscated vehicles on September 11, 2019 at various state warehouses. Read more »

Benami property holder may get 7 years jail, pay 25pc as fine

ISLAMABAD: A person holding Benami property shall be liable to punishable offence with rigorous imprisonment up to seven years along with fine up to 25 percent of value of the property. According... Read more »

FBR decides to update units of measurement for trade facilitation

ISLAMABAD: Federal Board of Revenue (FBR) has decided to update the units of measurements in order to facilitate trade. FBR chairman Syed Shabbar Zaidi has issued instructions to customs authorities, said a... Read more »

KCCI warns of mass unemployment, business closure on new mini budget

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has warned the government of mass unemployment and closure of business as a result of any move to introduce mini budget or imposing additional... Read more »

Stock market holiday notice

KARACHI: Pakistan Stock Exchange Limited (PSX) will remain closed for two days i.e. September 9 – 10, 2019 on account of Ashura 9th and 10th Muharram. Read more »

Rebasing lowers average inflation for July-August

ISLAMABAD: The average headline inflation i.e. Consumer Price Index (CPI) was calculated at 9.44 for the months of July and August, 2019 on the basis of revised base year, a statement said... Read more »

Simplified tax regime for non-residents approved: Dr. Hafeez Shaikh

ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved a simplified tax regime to facilitate the non-resident companies for investment in the local capital market. Read more »

Stock market gains 435 points on lower inflation numbers

KARACHI: The stock market gained 435 points on Wednesday owing to lower than anticipated inflation numbers. Read more »

Rupee gains 40 paisas on improved inflows

KARACHI: The Pak Rupee gained 40 paisas against dollar on Wednesday owing to inflows of export receipts and remittances. Read more »