Sindh government notifies lifting ban on high rise buildings
The Sindh government, in compliance with a Supreme Court ruling, has officially lifted the ban on the approval of high-rise buildings in the province.
The Sindh government, in compliance with a Supreme Court ruling, has officially lifted the ban on the approval of high-rise buildings in the province.
Withholding income tax rates that will be deducted at the import stage for the tax year 2019 have been unveiled, giving importers in Pakistan a clear picture of their tax obligations.
Cargill, a prominent global player in the food and agriculture industry, has announced its ambitious plans to invest over $200 million in Pakistan over the next three-to-five years, according to a statement released on Thursday.
Pakistan and Saudi Arabia have taken a significant step toward enhancing their bilateral trade and economic ties as businessmen from both countries inked a pact to explore new opportunities for mutual benefit.
The current account deficit (CAD) has significantly narrowed by 4.43 percent during the first half of the current fiscal year.
KARACHI: Pakistan’s State Bank of Pakistan (SBP) has reported a decline in its official foreign exchange reserves, which have fallen below $7 billion, according to an official statement released on Thursday.
KARACHI: The Pakistan Stock Exchange (PSX) experienced a tumultuous trading day on Thursday, with the benchmark KSE-100 index closing down by 28 points, settling at 38,244 points as compared to the previous day’s closing figure of 38,272 points.
The Pakistani Rupee showed resilience on Thursday by gaining two paisas against the US dollar, as reported by dealers. This slight yet significant improvement comes in the wake of some inflows from remittances and exports, brightening the outlook for the national currency.
ISLAMABAD: The Directorate of Customs Intelligence and Investigation, Customs, Lahore is set to conduct an auction of 30 confiscated vehicles, including luxury cars and heavy motorcycles, on January 24, 2018, at the state warehouse of the directorate.
The Income Tax Ordinance, 2001 outlines the collection of withholding tax at the import stage in Pakistan. This is a crucial revenue collection mechanism and is primarily administered by the Collector of Customs.