Stock brokers directed to submit clients’ assets segregation statement

KARACHI: Pakistan Stock Exchange (PSX) on Wednesday directed the stock brokers to submit clients’ assets segregation statement duly verified by the statutory auditor. Read more »

Rupee ends unchanged on cautious trading

KARACHI: The Pak Rupee ended unchanged to the dollar in interbank foreign exchange market on Wednesday due to cautious trading ahead of mini-budget announcement. Read more »

Curbs on non-filers trap tax authorities

ISLAMABAD: The tax authorities are facing challenging revenue collection after imposing curbs on non-filers in the budget 2018/2019. Read more »

Tax bars express concerns over short-term stay orders

KARACHI: Shahid Masood Manzar, Chairman, Appellate Tribunal Inland Revenue (ATIR) has visited Karachi Tax Bar Association to discuss early disposal of cases. Read more »

Withholding tax rates on profit on banking deposits

KARACHI: Every banking company shall collect withholding tax under Section 151(1)(b) of Income Tax Ordinance, 2001 from persons receiving profits on their deposits maintained at respective banks. Read more »

Prime Minister reviews progress on CPEC

ISLAMABAD: Prime Minister Imran Khan on Friday chaired a meeting to review progress on China Pakistan Economic Corridor (CPEC). Read more »

Withholding income tax rates at import stage for tax year 2019

KARACHI: The collector of customs has been empowered to collect withholding income tax from importer of goods. Read more »

Cargill announces to invest $200 million to grow Pakistan business

ISLAMABAD: Global food and agriculture producer M/s. Cargill has announced to invest more than $200 million in the next three-to-five years in Pakistan, said a statement on Thursday.        ... Read more »

Pakistan, China agree to expedite work under CPEC

ISLAMABAD: Pakistan and China have agreed to expedite work by promoting joint ventures and export led growth under CPEC by declaring 2019 as ‘year of industrial, socioeconomic and agriculture cooperation’. Read more »

Rupee gains in early trade

KARACHI: The Pak Rupee gained three paisas against dollar in early trade on Tuesday in interbank foreign exchange market.     The dollar is being traded at Rs139.91. The rupee was ended... Read more »

Abolishing advance tax on share sale, purchase on the cards

KARACHI: The government is likely to abolish advance tax on sale and purchase of shares in the capital market on the demand of Pakistan Stock Exchange (PSX), sources said on Saturday.  ... Read more »

Mini budget to be presented on January 23: Asad Umar

KARACHI: Finance Minister Asad Umar on Saturday said that planned mini budget will be announced on January 23, 2019.       “Earlier it was decided to present the supplementary finance bill... Read more »