ISLAMABAD – In a recent session, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Asad Umar, gave its approval for a significant policy shift regarding the clearance of imported vehicles under various schemes.
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FBR to issue assessment notices of last ten years to potential taxpayers
KARACHI – The Federal Board of Revenue (FBR) has taken a significant step toward improving tax compliance by announcing its intention to issue assessment notices covering the past ten years to potential taxpayers and individuals who have failed to file a tax return for any of the last five years.
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Last day for non-compliant mobile phones
ISLAMABAD – The Pakistan Telecommunication Authority (PTA) has reminded the public that today serves as the final day for non-compliant mobile phones to operate without any service interruptions.
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Rupee gains three paisas in early trade
KARACHI – The Pakistani Rupee demonstrated resilience in the early trade on Tuesday as it gained three paisas against the US Dollar in the interbank foreign exchange market.
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FBR notifies transfer, postings of 17 IRS officers
ISLAMABAD: The Federal Board of Revenue (FBR) issued a notification on Monday regarding the immediate transfers and postings of officers belonging to the Inland Revenue Service (IRS) in grades BS-17 to BS-19, effective until further notice.
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Public holiday announced on Feb 05
ISLAMABAD – In a move to express unwavering support and solidarity with the people of Kashmir, the Government of Pakistan has officially declared February 5, 2019, as a Public Holiday.
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Preliminary report on Karachi deep sea drilling submitted
KARACHI – A multinational joint venture comprising ENI, Exploration and Production Pakistan BV (EEPP), and Pakistan Petroleum Limited (PPL) has initiated the preliminary phase of offshore drilling for oil and gas in Karachi’s ultra-deep waters.
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KSE-100 gains 364 points on expected relief in mini budget
KARACHI – The Pakistan Stock Exchange (PSX) saw a significant surge as the benchmark KSE-100 index ended the trading session with a gain of 364 points, closing at 39,413 points as opposed to 39,049 points, offering a positive start to the trading week.
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SBP launches campaign for National Financial Literary Program on January 15
KARACHI – The State Bank of Pakistan (SBP) announced on Monday the launch of a comprehensive mass media campaign to raise awareness and promote the National Financial Literacy Program (NFLP), which aims to enhance financial education and empower individuals across the country.
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Rupee ends down on import demand
The Pakistani Rupee (PKR) saw a minor depreciation of eight paisas against the US Dollar (USD) on Monday, primarily due to heightened demand for the greenback, driven by import and corporate payments.
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