FBR to hold special audit for ‘creative’ defaulters
As many as 3,661 people got prepared draft declarations of trillions of rupees assets to get them legalised under the amnesty scheme
The...
Musk quits as Tesla chairman, agrees to pay $20m fine
Elon Musk has agreed to step down as chairman of Tesla and pay a $20 million fine in a deal to settle...
PEW criticises encouragement of non-filers
ISLAMABAD: The Pakistan Economy Watch (PEW) has said that relaxation given to non-filers to purchase property and cars has encouraged the tax...
Wall Street flat; Italy budget woes hit Europe, boost dollar
Wall Street ended flat, pulling back from early gains after Facebook disclosed a security breach
Cost to insure Tesla debt reaches highest price ever
It cost about $71,300 to insure $1 million of the electric carmaker’s debt, plus an upfront cost of around 22.45 percent, which was also at an all-time high, representing a total of 29.58 percent of the face value of the company’s 2025 junk bond, or around $295,000
Tax regulator may fail to attain quarterly tax collection target by Rs30 billion
With only two days left in September, till now less than 300,000 people and corporations have filed their annual income tax returns
Rupee downslide restarts, plummets to two-month lows of Rs126 against dollar
The local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections
FBR gears up to launch crackdown against tax evaders
An official who preferred to remain anonymous told the crackdown will commence from next week based on the details obtained under the exchange of information with OECD member countries
Govt constitutes subgroup in EAC to double tax collection
The sub-group has been assigned to formulate a tax policy by end of October
Late gains help PSX close a volatile trading week in green
KARACHI:Â After putting up a confused show, the Pakistan Stock Exchange managed to end the last trading session of the week in green....
US-China trade war may turn out be a windfall for Pakistan
KARACHI– The trade war between China and the United States of America (USA) can be beneficial for Pakistan. The Pakistani government is...
Asia’s troubled emerging markets to shave oil demand next year
SINGAPORE: Asia’s emerging markets, the key driver for global oil demand growth, are being hit hard by soaring crude prices and sliding...
Gold holds near six-week lows after upbeat U.S. data
On Thursday, the metal fell about 1 percent and touched its lowest since Aug. 17 at $1,181.61 an ounce
Dollar buoyant after upbeat data, hits nine-month high vs. yen
The dollar traded at 113.50 yen after gaining roughly 0.6 percent overnight to 113.64, its highest since December 2017
Oil prices edge up amid uncertainty over fallout from Iran sanctions
The most-active Brent crude futures contract, for December, had risen 18 cents, or 0.22 percent, to $81.56 per barrel by 0126 GMT. That was close to a four-year high of $82.55 struck on Tuesday