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FBR refutes levying withholding tax on motorcycles, rickshaws

KARACHI: The Federal Board of Revenue (FBR) on Thursday refuted speculation pertaining to levying a heavy withholding tax on motorcycles or rickshaws. A day prior, rumours had surfaced that the FBR had implemented a withholding tax on the registration of motorcycles and rickshaws, hiking up bikes’ registration cost by Rs3,400 …

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FATF cell set up at FBR to deal with terror financing

ISLAMABAD: The Federal Board of Revenue (FBR) has established a Financial Action Task Force (FATF) cell to ensure an effective and timely implementation of measures against terror financing carried out through currency smuggling. The cell will seek information required for FATF-related work from the FBR, field formations, directorates and record …

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IMF lowers global growth forecasts amid trade, Brexit uncertainties

WASHINGTON: The Inter­na­tional Monetary Fund on Tuesday lowered its forecast for global growth this year and next, warning that further US-China tariffs or a disorderly exit for Britain from the European Union could further slow growth, weaken investment and disrupt supply chains. The IMF said downside risks had intensified and …

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Gold price surges to Rs83,350 per tola

KARACHI: The Gold prices on Thursday witnessed an increase by Rs950 per tola, following a surge in prices of the precious metal in the international market. The price of per tola reached to Rs83,350 while the price of 10 grams of gold also surged by Rs815 and currently trading at …

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PM reaffirms Govt’s commitment to go all-out in facilitating investors

ISLAMABAD: Prime Minister Imran Khan today (Wednesday) talking to a delegation of US-Pakistan Business Council which called on him led by Dr. Mahmood Khan assured of viable and burgeoning investment opportunities in Pakistan, Radio Pakistan reported. The government is fully determined to extend all possible facilities to the investors and …

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International Trade Centre launching project to reduce poverty in Pakistan

The Geneva-based International Trade Centre – the joint agency of the United Nations and the World Trade Organization – is launching a project to reduce poverty in Pakistan by strengthening small-scale agribusinesses in Balochistan and Sindh. The project known as ‘Growth for rural advancement and sustainable progress (GRASP) will help …

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Dollar continues slow and steady ascension against the PKR

KARACHI: US Dollar continues slow and steady ascension in the interbank market against the Pakistani Rupee today, ARY News reported on Monday. The greenback saw a 41 paisa increase against the PKR reaching a staggering Rs 159.20 in the inter-bank market. Earlier, The US dollar on July 12 witnessed a …

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