Immediate reduction up to 75 percent in drug prices announced
ISLAMABAD: The federal government has announced immediate reduction in prices of drugs up to 75 percent, which were increased since December 2018.
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Author: Faisal Shahnawaz
FBR imposes ban on transfers and postings
ISLAMABAD: Federal Board of Revenue (FBR) on Friday imposed ban on postings and transfers with immediate effect till June 30, 2019. The FBR said that the revenue collection had entered the last quarter of the current fiscal year and preparation of federal budget for the year 2019/2020 was in full swing. Therefore, it has been […]
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Equity market plunges by 425 points on selling
KARACHI: The equity market plunged by 425 points on Friday owing to across the board selling. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,122 points as against 36,547 points showing a decline of 425 points. Analysts at Arif Habib Limited said that the market opened on a negative note with -3 […]
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IMF, Planning Commission discuss CPEC, PSDP
ISLAMABAD: Ernesto Rigo IMF Mission Chief called on Secretary Planning, Development and Reform Zafar Hasan to discuss Public Sector Development Program (PSDP), China Pakistan Economic Corridor (CPEC) and other aspects of planning including macro-economic policies, a statement said on Friday. Project Director Hassan Daud, Chief Macroeconomic Zafar-ul-Hassan and senior officials of the Ministry were also […]
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Banks to remain close on 1st Ramazan
KARACHI: State Bank of Pakistan (SBP) on Friday said that it will remain closed for public dealing on 1st Ramadan-ul-Mubarak 1440 A.H., which will be observed as Bank Holiday for deduction of Zakat, as usual. All banks / development financial institutions / microfinance banks shall, therefore, remain closed for public dealing on 1st Ramadan-ul-Mubarak 1440 […]
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Rupee weakens on scheduled bank holiday
KARACHI: The Pak Rupee fell by three paisas against dollar on Friday due to high demand for advance import payments and expected closure of banks on next Monday for deduction of Zakat. The rupee ended Rs141.32 to the dollar as compared with Rs141.29 in interbank foreign exchange market. The interbank foreign exchange market initiated was […]
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Nisab of Zakat fixed at Rs44,415 for deduction from bank accounts
KARACHI – The government of Pakistan has officially announced the Nisab of Zakat for the Zakat Year 1439-40 AH, setting the threshold at Rs44,415, according to a statement released by the State Bank of Pakistan (SBP) on Friday.
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FBR updates procedure for mobile device registration
ISLAMABAD: Device Identification Registration and Blocking System (DIRBS) is a system designed to identify non-compliant devices operating on local mobile networks. It automatically registers compliant devices operating on the mobile networks and eventually blocks non-compliant devices, according to Federal Board of Revenue (FBR). DIRBS has been launched from December, 2018. International passengers and Importers are […]
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FBR penalizes two BS-18 officers for inefficiency, misconduct
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday imposed penalty upon two officers of Inland Revenue Service (IRS) for inefficiency and misconduct. In two different notices issued by the FBR the penalty has been imposed on the officers of BS-18. Case 01: Disciplinary proceedings were initiated against Asad Munir Malik (IRS/BS-18), on recommendations of CCIR, […]
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FBR appoints 49 IR Inspectors to strengthen field force
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday appointed 49 inspectors (BS-16) in Inland Revenue in order to strengthen the field force of tax offices. The FBR appointed the tax officials on the recommendations of Federal Public Service Commission (FPSC). The FBR also notified place of posting of those officials. Following is the list of […]
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