Return filing hits new peak of 2.676 million on ATL conditions

ISLAMABAD: The condition of 100 percent higher withholding tax rates for persons not appearing on Active Taxpayers List (ATL) increased the income tax return filing for tax year 2018 to a new... Read more »

Stock market surges by 825 points on policy rate cut hope

KARACHI: The stock market surged by 825 points on Monday owing to expected policy rate cut, MSCI review and reports of deal of the government with PML (N). Read more »

Karachi Chamber urges PM to honor genuine taxpayers

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Monday urged Prime Minister Imran Khan to honor genuine taxpayers instead saying all the countrymen as tax thieves. Read more »

Rupee gains three paisas amid higher import payment demand

KARACHI: The Pak Rupee gained three paisas against dollar on Monday despite higher demand for import and corporate payments. Read more »

Tax rules for computation of profits, gains of insurance business

KARACHI: Federal Board of Revenue (FBR) has issued updated rules for the computation of profits and gains of the insurance business under Income Tax Ordinance, 2001. Read more »

EOBI pension to increase Rs15,000 per month, minister vows at Annual Pension Day

KARACHI: The government is aiming to increase the pension amount to Rs15,000 per month from existing Rs6,500 in order to provide relief to elder pensioners and their survivors, a statement said on... Read more »

Weekly Review: Stabilizing macro-economic continue to fuel bullish trend

KARACHI: The upswing in the market may be met with some profit-taking next week. The continuation of the sit-in in the federal capital may create some apprehensions which we expect to create... Read more »

Stock market gains 220 points amid mixed impact of MSCI review

KARACHI: The stock market gained 220 points on Friday after mixed trading activities to respond MSCI review. Read more »

PM directs eradication of corruption in Utility Stores, ensure availability of essential items at lower prices

ISLAMABAD: Prime Minister Imran Khan has directed administration of Utility Stores Corporation (USC) to ensure eradication of corruption in the organization and ensure availability of essential foods items at subsidized rates following... Read more »

FBR withdraws 3pc value addition tax on imported consumer items

ISLAMABAD: Federal Board of Revenue (FBR) has withdrawn three percent minimum value addition tax on import of consumer items on which sales tax is paid on retail basis. Read more »

FBR officials display banners against proposed layoff plan

KARACHI: The officials of Federal Board of Revenue (FBR) have protested against new reform program planned by the government, which may result in layoff in the revenue body. Read more »

Rupee gains eight paisas on increase in forex reserves

KARACHI: The Pak Rupee gained another eight paisas against dollar on Friday owing to increase in foreign exchange reserves. Read more »