Karachi
Pakistan’s first in-depth newspaper that presents balanced news reports, analysis and reviews regarding Customs, Federal Board of Revenue (FBR) and Sales/Income Tax Departments beside covering import and export sectors comprehensively. Up-to-the-minute news bulletins regarding Customs and FBR departments are also displayed regularly on both website and face book for the interest of common people
Alarming level: SBP reserves dip $303m to $7.6b
KARACHI: The foreign exchange reserves held by the central bank fell by $303 million during the week ended on October...
Woman gets ‘counterfeit currency note’ from ATM in Karachi
KARACHI: A woman was left baffled after receiving a ‘counterfeit currency note’ from an ATM located in the Saddar area...
Banking Mohtasib provides Rs639.1m relief to bank customers
KARACHI: Banking Mohtasib (Ombudsman) Pakistan has provided a monetary relief amounting to Rs639.1 million to banking customers by disposing of...
Overseas Pakistanis sent $2.4b remittances in Sept: SBP
KARACHI: The remittances sent home by overseas Pakistanis declined 10.5% month-on-month to $2.4 billion in September 2022, the latest data...
SHC extends order against KMC tax collection via K-E bills
KARACHI: The Sindh High Court (SHC) extended the order against the collection of Karachi Metropolitan Corporation (KMC) tax through K-Electric...
State Bank of Pakistan stops fintech start-up Tag’s operations
KARACHI: The State Bank of Pakistan (SBP) has revoked the in-principle approval and pilot operations approval granted to fintech start-up...
Monetary policy: SBP leaves interest rate unchanged at 15pc
KARACHI: The State Bank of Pakistan (SBP) decided to leave its key interest rate unchanged at 15% for the next...
Member Customs assures businessmen of resolving shipping-related issues
KARACHI: Member Customs Mukarram Jah Ansari has assured Federation of Pakistan Chambers of Commerce and Industry (FPCCI) of resolving business...
SBP revokes TAG Innovation’s in-principle, pilot operations approval
KARACHI: The State Bank of Pakistan (SBP) revoked the in-principle and pilot operations approvals granted to TAG Innovation to operate...
JS Bank to acquire 86.32m ordinary shares
KARACHI: The State Bank of Pakistan (SBP) has granted its approval to JS Bank Limited to acquire 86,316,964 ordinary shares,...
Roshan Digital Account inflows cross $5b mark in 25 months
KARACHI: Inflow of remittances under Roshan Digital Account (RDA) rose to US $5.15 billion by the end of September 2022...
Alarm bells ring as foreign exchange reserves fall below $8b
KARACHI: In line with the dominant trend over the last several weeks, the country’s foreign exchange reserves held by the...
‘SBP to soon complete probe into alleged forex manipulation by banks’
KARACHI: The State Bank of Pakistan (SBP) will soon complete an investigation into alleged manipulation by commercial banks of foreign...
DG Valuation revises customs values of Polyester Filament Yarn vide VR No1665/2022
KARACHI: Directorate General Customs Valuation has revised the customs values of Polyester Filament Yarn under sub-section (8) and section 25...
Islamic banking assets grow by Rs836b to Rs6.8 trillion: SBP
KARACHI: Assets of Islamic Banking Industry (IBI) witnessed an all-time high quarterly increase of Rs836 billion during the quarter April...
Trade deficit narrows by 21.42pc as exports increase to $7.125b in 1Q of FY2022-23
KARACHI: The trade deficit witnessed a decline of 21.42 percent, with a considerable decline in imports and upward trend in...
PMSA seizes huge quantity of narcotics, arrests 12 in separate operations
KARACHI: The Pakistan Maritime Security Agency (PMSA) seized a huge quantity of drugs and arrested 12 drug peddlers in separate...
Customs Enforcement collects Rs9.24b during 1Q of FY22-23
KARACHI: Collectorate of Customs Enforcement collected Rs9.24 billion and also collected Rs32.55 billion in first quarter while the target for...
Pakistan’s economy can’t afford exemptions, subsidies: FBR Member Fazal Illahi Memon
HYDERABAD: Federal board of Revenue (FBR) Member (Admin and Human Resource) Dr. Faiz Illahi Memon said that Pakistan's economy could...
LTO Karachi posts 23pc growth in tax collection in 1Q of FY23
KARACHI: Large Taxpayers Office (LTO) Karachi has collected PKR 456.4 billion in the first quarter (July – September) 2022/2023. The...
