FPCCI to move review petition in demolition of illegal constructions

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday decided to file review petition before the Supreme Court of Pakistan (SCP) regarding demolition of illegal / unauthorized construction. Read more »

NBP becomes settlement bank for Mobi Direct Payment System

KARACHI: National Bank of Pakistan (NBP) has signed an agreement to become settlement bank for Mobi Direct’s digital payment system.     The NBP, in continuation of the two MoU’s signed with... Read more »

Rupee continues gain in early trade

KARACHI: The Pak Rupee continued its gain against dollar in early trading on Wednesday and strengthened by 11 paisas. Read more »

State Bank estimates 9.2pc decline in cotton output in current fiscal year

KARACHI: The State Bank of Pakistan (SBP) said that latest estimates for cotton crop reveal a worrying picture, as the total production in FY19 is estimated at 10.8 million bales, a decrease... Read more »

Income Tax Ordinance 2001: Tax recovery through arrest, attachment of property

KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes. Read more »

US-China trade tensions: Opportunities, challenges for Pakistan

KARACHI: The State Bank of Pakistan (SBP) in its report on Tuesday highlighted opportunities and challenges for Pakistan in ongoing tensions between the US and China, which have contributed to big swings... Read more »

Unreported gains find way to country’s property market: State Bank

KARACHI: A significant share of the unreported gains finds its way to the country’s property market, which is characterized by low regulatory oversight and absence of concrete know-your-customer requirements, State Bank of... Read more »

Sindh Revenue Board introduces e-hearing for taxpayers facilitation

KARACHI: Sindh Revenue Board (SRB) has introduced e-hearing of appeals in order to provide facilitation to taxpayers of Hyderabad and Sukkur regions. Read more »

Circular Debt: ECC allows raising Rs200 billion Islamic term finance facility

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet on Tuesday allowed for raising Islamic Term Finance Facility of Rs200 billion for resolving circular debt issue. Read more »

FPCCI welcomes decision for making Torkham Border operational

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has welcomed the government decision for making Torkham Border operational around the clock. Read more »

KSE-100 gains 204 points amid selling pressure

KARACHI: The equity market gained 204 points on Tuesday amid selling pressure in blue chips. Read more »

Rupee strengthens by 10 paisas against dollar

KARACHI: The Pak Rupee ended with gain of 10 paisas against dollar on Tuesday due to inflows under financial assistance and lower demand from imports.     The rupee ended Rs138.65 to... Read more »