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Corporate February 20, 2019

Mari Petroleum board approves acquisition of two new exploration blocks

KARACHI: The Board of Directors (BoD) of Mari Petroleum Company Limited (MPCL) on Wednesday approved acquisition of two new exploration blocks. A statement issued by the company said that MPCL BoD approved acquisition of two…

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Corporate February 20, 2019

United Bank registers 39 percent decline in annual profit

KARACHI: United Bank Limited (UBL) has announced sharp decline of 39.53 percent in annual profit for the year ended December 31, 2018 due significant provisioning, write offs and pension liabilities.


Corporate February 20, 2019

Engro Corp announces 35 percent surge in annual profit

KARACHI: Engro Corporation Limited (ENGRO) has announced 35 percent surge in profit after tax to Rs12.71 billion for calendar year 2018 as compared with Rs9.41 billion in the preceding year.


Money & Banking February 20, 2019

US dollar inches up in early trading

KARACHI: The US dollar inched up against Pak Rupee in early trading on Wednesday owing to persistent demand for import and corporate payments.


Finance February 20, 2019

PM directs harsh action against tax evaders, corrupt tax officials

ISLAMABAD: Prime Minister Imran Khan on Tuesday directed tax authorities to take harsh action against tax evaders and corrupt elements within tax departments.


Trade & Industry February 19, 2019

Steps afoot to rationalize tax regime: Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Tuesday said that steps have been taken for rationalization of tax regime to facilitate taxpayers.


Finance February 19, 2019

ECC approves amending import policy order for tightening labeling requirement

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday approved to amend Import Policy Order to further tighten labeling requirement in order to facilitate local consumers to understand product ingredients.


Stock & Commodity February 19, 2019

Mining industry has potential for industrial growth, job creation: KPK finance minister

KARACHI: Finance Minister of Khyber Pakhtunkhwa Taimur Saleem Khan Jhagra on Tuesday said that mining industry has huge potential for industrial growth and job creation.


Stock & Commodity February 19, 2019

Equity market falls by 262 points on selling pressure

KARACHI: The equity market fell below 40,000 points on Tuesday owing to selling pressure throughout the day.


Money & Banking February 19, 2019

Rupee ends down by 20 paisas against dollar

KARACHI: The Pak Rupee fell by 20 paisas against US dollar on Tuesday owing to higher demand for import and corporate payments.


Money & Banking February 19, 2019

SME financing crosses over Rs500 billion: SBP

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that SME financing by banks has first time crossed the milestone of Rs500 billion.


2019-2020, Budget, Taxation February 19, 2019

FBR invites income tax proposals for budget 2019-2020

KARACHI: Federal Board of Revenue (FBR) on Tuesday invited income tax proposals from business community for budget 2019-2020.


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Taxation

February 19, 2019

FBR invites income tax proposals for budget 2019-2020


February 19, 2019

Peshawar Customs Intelligence to auction confiscated vehicles on February 21


February 19, 2019

Income Tax Ordinance 2001: Commissioner’s power to make provisional assessment


Finance

February 20, 2019

PM directs harsh action against tax evaders, corrupt tax officials


February 19, 2019

ECC approves amending import policy order for tightening labeling requirement


February 18, 2019

Total foreign investment falls by 75 percent in seven months


Money & Banking

February 20, 2019

US dollar inches up in early trading


February 19, 2019

Rupee ends down by 20 paisas against dollar


February 19, 2019

SME financing crosses over Rs500 billion: SBP


Stock & Commodity

February 19, 2019

Mining industry has potential for industrial growth, job creation: KPK finance minister


February 19, 2019

Equity market falls by 262 points on selling pressure


February 19, 2019

NCCPL to collect capital gain tax on February 27


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