Pakistan has started checking suspicious business transactions and financial activities of importers/exporters to detect possible cases of “Proliferation Financing” involving… Read More
President Arif Alvi Approves Establishment of Large Taxpayer Office, Multan and Corporate Tax Office, Islamabad
President Arif Alvi has approved the establishment of the Large Taxpayer Office (LTO) Multan and Corporate Tax Office (CTO), Islamabad… Read More
Health Tax to be Imposed on Cigarettes, Other Unhealthy Items
In consultation with the Health Ministry, the Federal Board of Revenue (FBR) has decided to impose Federal Excise Duty (FED)… Read More
Rupee Gains Further Against Dollar, Reaches Rs. 163.72
Pakistani rupee continued its appreciation against the dollar on Thursday. Following a lack of buyers’ interest in the market for… Read More
HASCOL Reports an Astronomical Loss of Rs. 6.44 Billion in Q1 2020
HASCOL Petroleum has finally announced its financial results for Q1 2020. The oil marketing company has incurred a massive loss… Read More
Govt Decides to Shift Its Entire Fund from Commercial Banks to SBP
The Finance Division has directed all the federal government ministries, divisions, attached departments and subordinate offices (MDAS) to close their… Read More
SECP Directs Financial Institutions to Implement Financial Sanctions on Suspected Customers
The Securities and Exchange Commission of Pakistan (SECP) on Wednesday directed securities brokers, futures brokers, insurance companies, Takaful Operators, non-banking… Read More
PM Approves 3 New Special Economic Zones for Islamabad, Raiwind and Dhabeji
Prime Minister Imran Khan chaired the 6th meeting of the Board of Approvals (BOA) for Special Economic Zones. The meeting… Read More
Rupee Keeps Getting Stronger, Closes Four Months Highest Against Dollar
The Pakistani Rupee (PKR) continues its recovery against the US dollar as the USD closed at the lowest levels of… Read More
Trade Deficit Increases Due to Higher Imports in September 2020
Pakistan’s trade deficit went up by 19.5% to $2.39 billion during September 2020 as compared to $2 billion in the… Read More
78.1 Percent of FBR’s Revenue Came from Direct and Sales taxes in FY2020
Sales tax continues to be the major chunk of total tax revenue collection by FBR, closely followed by Direct taxes… Read More
Stock Market Witnesses a Massive Intra-Day Drop
Stocks endured another round of battering today (Monday) as the KSE-100 Index witnessed a 1200+ points drop in intra-day trading.… Read More
