The Directorate General of Intelligence and Investigation, Customs, Peshawar, has officially declared a public auction for confiscated vehicles, scheduled to take place on February 21, 2019.
(more…)Month: February 2019
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NCCPL to collect capital gain tax on February 27
The National Clearing Company of Pakistan Limited (NCCPL) has announced its plan to collect Capital Gain Tax (CGT) for the month of January 2019 from stock brokers on February 27, 2019.
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Karachi the Pak Rupee Depreciated in the early trade on Tuesday owing to higher import and corporate payment demand
In the early trade on Tuesday, the Pakistani Rupee experienced a depreciation against the US Dollar, primarily attributed to increased demand for imports and corporate payments.
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Income Tax Ordinance 2001: Commissioner’s power to make provisional assessment
The Income Tax Ordinance, 2001 (ITO 2001) in Pakistan has granted power to the Commissioner to initiate provisional assessments when a person’s concealed asset is impounded by any government agency.
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Equity market shows response to historic Saudi accords
KARACHI: Despite the historic accords signed between Pakistan and Saudi Arabia, the equity market responded negatively on Monday as the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 40,219 points, showing a decline of 267 points from 40,487 points.
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Rupee unable to maintain recovery against dollar
KARACHI: The Pakistani Rupee, which initially made gains against the US Dollar in early trading on Monday, faced a setback as demand surged for import and corporate payments.
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Total foreign investment falls by 75 percent in seven months
KARACHI: Pakistan has experienced a significant decline of 75 percent in total foreign investment, amounting to $1.042 billion during the period of July to January in the fiscal year 2018/2019, according to the State Bank of Pakistan (SBP).
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International Steel announces 20 percent decline in profit
KARACHI: International Steel Limited (ISL) has disclosed a 20 percent decrease in profit after tax for the first half of the fiscal year ending on December 31, 2018.
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Procedure for import of motor vehicles into Pakistan
KARACHI: Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes, according to a guide issued by Federal Board of Revenue (FBR).
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Rupee makes significant gain against dollar in early trade
KARACHI: The Pakistani Rupee has exhibited a notable gain of 40 paisas against the US Dollar in early trade on Monday, reflecting positive sentiments in the wake of substantial investment agreements between Saudi Arabia and Pakistan.
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