World Bank revises down Pakistan’s growth projections
ISLAMABAD: The World Bank in its latest report “2020 Global Economic Prospects” has slightly lowered country’s growth rate projections for the current fiscal...
Samsung Q4 2019 profit down by 33pc
SEOUL: The world´s biggest manufacturer of smartphones and memory chips Samsung Electronics´ operating profits fell by more than a third in the...
FBR to introduce single-page income tax return form for shopkeepers
KARACHI: In a bid to enhance tax net and simplify tax filing system, the Federal Board of Revenue (FBR) has finalised the...
60pc exports activities affected as cargo transporters strike enters 4th day
KARACHI:The cargo and goods transporters strike entered its fourth day on Thursday, affecting about 60 percent of the exports.
Cargo vehicles have been...
FBR to question 24,000 Pakistanis for hoarding dollars
LAHORE: The Federal Board of Revenue (FBR) has obtained the record of 24,000 Pakistanis who had bought dollars in bulk during the...
Speculations rife as FBR chief goes on 15-day leave
ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi’s 15-day leave has triggered rumours within the tax circles that “he has probably left...
Pakistan not to accept TAPI gas price
--ECC approves technical supplementary grant of Rs1bn for establishment of Pakistan Tourism Development Endowment Fund
--Finance ministry directed to chalk out ways to...
US, UK, China remain Pakistan’s top export destinations
The United States (US) has maintained its position as the top export destination for Pakistani products during the first five months of...
Gas shortage to double next year, CCoE informed
ISLAMABAD: Amid lack of new explorations, the shortage of gas is likely to be doubled next year, with a projected shortfall of 477mmcfd.
In...
SBP sells Rs95.7bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) raised Rs95.67 billion through the sale of Pakistan Investment Bonds (PIBs) at an auction on Wednesday.
As...
FBR asked to crack down on smuggled Iranian POL products
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint task force, comprising the officials...
After 15-month lapse, govt all set to appoint PSO managing director
ISLAMABAD: The government is all set to appoint a managing director (MD) for the Pakistan State Oil (PSO), as the Petroleum Division, after...
SECP warns investors of third-party accounts, unlicensed brokers
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued a statement on its official Twitter handle, guiding capital market investors...
FBR clarifies news about significant reduction of taxes on import of smart phones
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday issued a clarification that according to Government’s Digital Pakistan Initiative, the government is...
Top court grills FBR in illegal tax refund case
ISLAMABAD: The Supreme Court on Wednesday expressed annoyance over the Federal Board of Revenue and grilled its Acting Chairperson Nosheen Javed Amjad...