Business

The Federal Board of Revenue (FBR) on Friday extended the last date for filing of income tax returns for the tax year 2018 until March 31 in order to facilitate mainly those taxpayers who were excluded from the Active Taxpayers’ List (ATL) for availing lower rates of withholding taxes. The ATL list was issued on March 1, as of which …

ISLAMABAD: The World Bank has warned of cancelling its soft loan of $38 million to support the management and development of water resources in the Indus River, after finding little progress on the project since its approval in 2008. The credit from Interna­tional Development Associa­­tion (IDA) for the water sector capacity building and advisory services project was aimed at improving …

PARIS: A number of countries have banned Boeing´s 737 MAX 8 medium-haul workhorse jet from their airspace in response to the Ethiopian Airlines crash that killed all 157 people on board. Several individual airlines have grounded their B-737 MAX 8 aircraft but many others are continuing to fly the plane pending an investigation into the crash and possible guidance from …

Tokyo: Bitcoin has carved out a name for itself as the world´s most popular cryptocurrency since arriving on the scene more than ten years ago. However, the workings of the premier digital cash system remain something of a mystery to the general public.  What is bitcoin? Bitcoin is a decentralised virtual currency created from computer code in the wake of …

KARACHI: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Friday, March 15, 2019.

ISLAMABAD: Finance Minister Asad Umar has claimed that current account deficit for February 2019 has declined by 72 per cent or $900 million against February last year. Finance Minister took to Twitter and added, “Feb 2019 current account deficit declined by 72% or 900 million $ vs feb last year. Deficit down to 356 million $ vs 1280 million $ …

Tokyo: Subaru announced Thursday a global recall of 2.2 million SUVs, the biggest ever for the company, over a brake light glitch that could affect how the vehicle engines start. The company said it was recalling 306,728 units of Impreza and Forester in Japan, while the remaining 1.96 million vehicles will be recalled in North American and other regions. “It …

Karachi: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Thursday, February 28, 2019.

ISLAMABAD: The government has increased petroleum product prices for the month of March, Finance Ministry has said. A notification for the increase in petroleum product prices has been issued here on Thursday. As per the notification, petrol price is increased by Rs2.5 per litre, diesel Rs4.74 per litre, kerosene oil by Rs4 per litre and light diesel oil by Rs2.5 …

Karachi: Following were the closing rates of foreign currencies in kerb market issued by Forex Association of Pakistan here on Friday, March 01, 2019.