Pakistan spends $531 million on vehicle import in four months: State Bank

KARACHI: The import of vehicles dropped by 32 percent to $531.53 million dollars during July – October of current fiscal year as compared with $780.57 million in the same period of the... Read more »

Stock market falls by 527 points on profit taking

KARACHI: The stock market fell by 527 points on Wednesday as investors opted for profit taking following the bull run during past few days. Read more »

Rupee eases in range bound trading

KARACHI: The Pak Rupee ended down by one paisa against dollar on Wednesday in range bound trading activities. Read more »

FBR extends date for filing sales tax return

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday extended the last date for filing sales tax return up to November 25, 2019. Read more »

Income tax on low cost housing projects reduced by 50 percent

KARACHI: The income tax rate on low cost housing projects shall be reduced by 50 percent, according to income tax law recently updated by the Federal Board of Revenue. Read more »

NCCPL delays CGT collection due to computation process

KARACHI: National Clearing Company of Pakistan Limited (NCCPL) on Wednesday said that it has delayed the collection of capital gain tax (CGT) for the month of October 2019 due to computation procedures. Read more »

Mobile phone imports sharply increase by 86 percent to Rs61 billion in four months

ISLAMABAD: Pakistan – the country endeavoring to reduce import bill to control external sector challenges – has imported mobile phones amounting Rs61 billion, during first four months (July – October) 2019/2020 which... Read more »

Cabinet approves gradual reduction in regulatory duty

ISLAMABAD: The Federal Cabinet has approved gradual reduction in regulatory duty and additional customs duty under first-ever National Tariff Policy (NTP). Read more »

Privileged personnel allowed duty, tax free car import

KARACHI: Federal Board of Revenue (FBR) has granted duty, tax free import of cars to privileged personnel on first arrival in Pakistan. Read more »

SBP asks banks to enhance efforts for achieving agri credit disbursement target

KARACHI: State Bank of Pakistan (SBP) has asked banks to enhance their efforts to achieve qualitative aspects of the assigned targets for agriculture financing. Read more »

KCCI to raise commercial importers’ problems with FBR

KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has assured commercial importers of taking up their issues with the Federal Board of Revenue (FBR) for resolving amicably. Read more »

Stock market gains 153 points amid profit taking

KARACHI: The stock market gained 153 points on Tuesday amid profit taking during the day. Read more »