Amendments to help Pakistan in controlling offshore tax evasion, avoidance: Vishno Raja
KARACHI: Amendments to Income Tax Ordinance, 2001 will help Pakistan in controlling offshore tax evasion and avoidance.
KARACHI: Amendments to Income Tax Ordinance, 2001 will help Pakistan in controlling offshore tax evasion and avoidance.
In a significant move to acknowledge and appreciate the pivotal role played by taxpayers in bolstering the national revenue, the Ministry of Finance has unveiled the eagerly awaited list of the top 50 taxpayers across diverse categories.
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has cautioned that any move to shift weekly holiday from Sunday to Friday would be resisted and it should not be done as it will completely cutoff Pakistan from many western countries around the world for three-and-a-half consecutive days. Acting KCCI President Khurram Shahzad said this in […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lamented delay in issuance of refunds and duty drawback to exporters. Engr. Daroo Khan Achakzai, FPCCI, President in a statement on Thursday urged the Finance Minister Asad Umar to release the exports sector’s overall outstanding refund claims including deferred claims; Customs Duty Drawback; DLTL […]
KARACHI: Pakistan’s current account deficit has narrowed by 16.8 percent to $8.424 billion owing to declining imports and improved foreign remittances. According to statistics released by State Bank of Pakistan (SBP) on Thursday, the current account deficit narrowed to $8.424 billion during July – January 2018/2019 as compared with the deficit of $10.124 billion in […]
KARACHI: Pakistan’s total foreign exchange reserves declined by $101 million to $14.795 billion by week ended February 15, 2019 as compared with Rs14.895 billion a week ago, State Bank of Pakistan (SBP) said on Thursday. During the week ending February 15, 2019, the official reserves of SBP were decreased by $163 million to $8.043 billion […]
Karachi, Pakistan – On Thursday, the equity market of Pakistan has plunged by 209 points due to selling pressure observed during the day.
Karachi, Pakistan – In a welcome development for the Pakistani economy, the national currency, the Pak Rupee, closed with a gain of 26 paisas against the US Dollar on Thursday, driven by a sufficient supply of foreign currency in the market.
Karachi, Pakistan – In a financial disclosure submitted to the Pakistan Stock Exchange (PSX) on Thursday, Meezan Bank Limited has announced a remarkable 42 percent increase in profit after tax for the fiscal year ending December 31, 2018.
KARACHI – Hub Power Company Limited (HUBCO) has announced a significant 26.6 percent decrease in profit after tax for the half-year ended December 31, 2018, according to the financial results submitted to the Pakistan Stock Exchange (PSX) on Thursday.