Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning
The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.On September 15…
Rupee Maintains Position Against the US Dollar as Markets Calm Following SBP Warning
The Pakistani rupee (PKR) depreciated by one paisa against the US dollar (USD) on Friday to close at 168.19.Yesterday, it recovered from the record low of September 15 and gained 94 paisas in the inter-bank market to close at Rs. 168.18.On September 15…
Experts Stress Need for Evidence-based Tax Policy for Tobacco Trade in Pakistan
The taxation policies toward the tobacco industry in Pakistan need to be based on real evidence, covering facts and figures about the share of illicit and smuggled products in the Pakistani market.This was the crux of a discussion by trade experts duri…
NADRA is Now Bound to Share Data With FBR for Tax Purposes
President has promulgated Tax Laws (Third Amendment) Ordinance 2021 to legally bound the National Database and Registration Authority (NADRA) to share Pakistani citizens’ data with the Federal Board of Revenue (FBR) for broadening of the tax base.The g…
Asad Umar Rubbishes Claims of Delay in CPEC Projects
Federal Minister for Planning and Development Asad Umar has dispelled the impression that the pace of work on the CPEC [China-Pakistan Economic Corridor] projects has been slowed down, reaffirming that major work of the projects has been completed by t…
NTC Develops Tax Collection Framework for Toll Manufacturing and Transportation Businesses
The National Tax Council (NTC) has formulated a tax collection framework for toll manufacturing and transportation business in the country, as it has decided that the collection of sales tax on toll manufacturing will rest with the federation, while th…
Peace in Afghanistan Vital for Regional Economic Stability: Finance Minister
Federal Minister for Finance and Revenue Mr. Shaukat Tarin held a virtual meeting with Armida Salsiah Alisjahbana, Executive Secretary of the United Nations Economic and Social Commission for Asia and Pacific (UNESCAP), at the Finance Division on Thurs…
President Alvi Calls for Financial Inclusion of Women and Disabled Persons
The President of Pakistan, Dr. Arif Alvi has urged businessmen and industrialists to work on the financial inclusion and empowerment of women and persons with disabilities by employing them in their organizations.He expressed his views on the matter wi…