Regulatory duty on wheat import withdrawn; SRO issued

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued notification to withdraw regulatory duty on import of wheat and other wheat products. Read more »

Foreign exchange reserves up by $12 million

KARACHI: The liquid foreign exchange reserves of the country increased by $12 million to $18.747 billion by week ended February 14, 2020, State Bank of Pakistan (SBP) said on Thursday. Read more »

Rupee gains three paisas against dollar on shrinking current account deficit

KARACHI: The Pak Rupee gained three paisas on Thursday against dollar owing to shrinking current account deficit. Read more »

Stock market ends down by 93 points on selling pressure

KARACHI: The stock market fell by 93 points on Thursday owing to selling pressure during trading sessions. Read more »

Meezan Bank’s Shariah Board approves guidelines for digital mobile accounts

KARACHI: Meezan Bank’s Shariah Supervisory Board has approved guidelines for digital Mudarabah-based mobile account to support financial inclusion in Pakistan. Read more »

GlaxoSmithKline Pakistan appoints Erum Shakir as new CEO

KARACHI: Aziz ul Huq, Chief Executive Officer of GlaxoSmithKline Pakistan Limited has resigned for personal reasons and the board of directors of the company appointed Ms. Erum Shakir Rahim as new CEO... Read more »

Income tax return filing hits new peak of 2.8 million

ISLAMABAD: The income tax return filing of tax year 2018 has reached to a new peak at 2.8 million by February 16, 2020, according to latest Active Taxpayers List (ATL) issued by... Read more »

PSX recomposes KSE-30 index; includes Attock Refinery, International Steel

KARACHI: Pakistan Stock Exchange (PSX) has recomposed KSE-30 Index, which have high volume companies, and it will be implemented from March 13, 2020. Read more »

ECC allows import of controlled chemicals through commercial importers

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Wednesday allowed import of controlled chemicals through commercial importers. Read more »

Many fuel stations shut down after sudden demand, supply suspension rumors

KARACHI: Several fuel stations were shut down in the city on Wednesday evening due to sudden demand after rumors of fuel supply suspension following mysterious toxic gas leakage. Read more »

Tax authorities capture huge cash transactions of dress designers; start assessment

KARACHI: Tax authorities have captured millions of rupees cash transactions by many dress designers. The authorities are now making assessment on the basis of such transactions for imposing income tax for past... Read more »

Finance ministry may resolve taxation issues of automotive industry

KARACHI: A standing committee of the National Assembly has assured that finance ministry to convene an exclusive meeting for resolving taxation issues of automotive industry. Read more »