Domestic electricity consumers to pay tax on monthly bill above Rs25,000
ISLAMABAD: The tax authorities have imposed tax on domestic electricity consumers – whose monthly bill is Rs25,000 and above. According to a commentary on budget 2021/2022 by KPMG Taseer Hadi […]
PTA renews licenses of three cellular phone operators in AJK, Gilgit-Baltistan
ISLAMABAD: Pakistan Telecom Authority (PTA) has renewed licenses of three leading cellular mobile operators for Azad Jammu and Kashmir and Gilgit Baltistan. The ceremony for renewal of licenses was held […]
Investors allowed carry forward capital losses on disposal of securities
ISLAMABAD: Federal Board of Revenue (FBR) on Thursday allowed investors of Pakistan Stock Exchange (PSX) to carry forward capital losses for calculation of capital gain tax. In this regard the […]
Gas supply suspension: NKATI appeals PM to save industry
KARACHI: Faisal Moiz Khan, President, North Karachi Association of Trade & Industry (NKATI) has appealed to the prime minister to save industries as after suspension of gas supply the production […]
FBR manipulates budget 2021/2022, proposals not to provide relief to business community: FPCCI
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has alleged Federal Board of Revenue (FBR) for proposing and manipulating the budget 2021/2022, as the proposals will neither provide […]
KSE-100 index gains 62 points in narrow range trading
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 62 points on Thursday in a narrow range trading activity. The index closed at 47,962 points as against previous […]
KIBOR Rates on June 24, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued the following Karachi Interbank Offered Rates (KIBOR) for June 24, 2021. Tenor BID OFFER 1 – Week 6.85 7.35 2 – […]
Mari Petroleum board decides consortium to set up NewCo in Abu Dhabi
KARACHI: The board of directors of Mari Petroleum Company (MPCL) on Thursday decided that a consortium of public limited energy giants shall incorporate a company namely NewCo in Abu Dhabi […]
Rupee makes gain 85 paisas against dollar
KARACHI: The Pak Rupee made a gain of 85 paisas against the dollar on Thursday owing to sufficient supply of export receipts and workers’ remittances. The rupee ended at Rs157.68 […]
SBP issues customers exchange rates on June 24, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued weighted average customers’ exchange rates for buying and selling of foreign currencies in the rupee. Following is the table for customers’ […]