Daily Archives: July 5, 2017

SBP acquires banknote, prize bond printing facility for Rs100.12bn

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KARACHI: State Bank of Pakistan (SBP) has acquired the banknotes and prize bonds printing functions of Pakistan Security Printing Corporation (PSPC) from the Federal Government.

Pak Rupee down 44-month low against dollar on political chaos

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KARACHI: Pakistan Rupee on Wednesday declined 44-month low or 3.1 percent against dollar on Wednesday due to political chaos in the country, analysts said.

FBR excludes many Islamic financial products from supply definition

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ISLAMABAD: Federal Board of Revenue (FBR) has excluded many financing products of Islamic banking in the definition of supply for the purpose of calculating sales tax.

FBR allows exemptions and concessions on solar panels import

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ISLAMABAD: Federal Board of Revenue (FBR) has allowed exemptions and concessions on import of solar panels by deleting it from the list of locally manufactured items.

FBR extends imposition of 0.4pc withholding tax rate on non-filers

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ISLAMABAD: Federal Board of Revenue (FBR) has extended the imposition of withholding tax on non-cash banking transactions by non-filers up to September 30, 2017 from July 01, 2017.