KARACHI – Allied Bank Limited (ABL) is gearing up for a potential 2% increase in interest rates during the calendar year 2019, according to insights gleaned from a recent conference call.
(more…)Month: February 2019
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Rupee makes significant gain ahead of Saudi Crown Prince visit
KARACHI – The Pakistani Rupee showcased a noteworthy gain against the US Dollar on Friday, just ahead of the anticipated visit of the Saudi Crown Prince.
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Advance Tax not collected on arbitrary grounds: FBR
ISLAMABAD — The Federal Board of Revenue (FBR) issued a clarification on Friday to address certain media reports that suggested advance taxes give artificial boost to revenue collection.
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Rupee gains in early trading on Saudi investment expectations
KARACHI — The Pakistani Rupee exhibited early signs of strength against the US Dollar in Friday’s early trading sessions, with currency experts attributing the positive trend to heightened expectations of significant investments during the upcoming visit of Saudi Crown Prince Mohammad Bin Salman, scheduled for December 16, 2019.
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Schedule for filing annual returns
KARACHI — The Federal Board of Revenue (FBR) has issued the schedule for filing the annual income tax return, emphasizing the significance of adhering to the specified deadlines.
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FBR directs customs officers to join new place of posting immediately
ISLAMABAD — The Federal Board of Revenue (FBR) has issued a stern directive to customs officers, warning of departmental action if they fail to comply with their recent transfer orders.
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PM reviews arrangements on visit of Saudi Crown Prince
ISLAMABAD — Prime Minister Imran Khan presided over a high-level preparatory meeting on Thursday to finalize plans for the upcoming visit of Saudi Crown Prince Mohammad Bin Salman.
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CPEC’s next stage to focus on buy more from Pakistan
ISLAMABAD — Chinese Ambassador Yao Jing, in a meeting with Prime Minister Imran Khan on Thursday, announced that China is poised to enhance its investment and trade activities with Pakistan in the upcoming phase of the China-Pakistan Economic Corridor (CPEC).
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Pakistan foreign exchange reserves increase to $14.895 billion
KARACHI — Pakistan’s foreign exchange reserves have witnessed a modest uptick, increasing by $10 million to reach $14.895 billion by the week ending February 08, 2019.
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FBR assigns first posting to 40 probationary IRS BS-17 officers
ISLAMABAD: Federal Board of Revenue (FBR) has assigned first posting to 40 probationary officers of Inland Revenue Service (IRS) BS-17 on completion of training from Directorate General of Training and Research (IR), Lahore with immediate effect.
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