PM approves 20pc trade officers’ quota for overseas Pakistanis

Mar 5

National

PM approves 20pc trade officers’ quota for overseas Pakistanis

ISLAMABAD: Prime Minister Imran Khan has approved quota of 20 percent for appointing overseas Pakistanis to the post of trade officers in Pakistan’s missions abroad. The decision was taken during a meeting regarding reforms in posting of Trade Officers Abroad, a statement said on Tuesday. It may be recalled that the prime minister had directed […]

by Faisal Shahnawaz

New LNG terminal: Instructions issued for completing formalities

Mar 5

Energy

New LNG terminal: Instructions issued for completing formalities

ISLAMABAD: Finance Minister Asad Umar on Tuesday issued instructions for expeditiously completing formalities for setting up new LNG terminal at Port Qasim. The finance minister issued the directive while chairing the meeting of Economic Coordination Committee of the Cabinet (ECC) on Tuesday. The committee considered proposals from different ministries/ Divisions. Ministry of Maritime Affairs briefed […]

by Faisal Shahnawaz

Equity market ends down by 61 points on selling

Mar 5

Stock & Commodity

Equity market ends down by 61 points on selling

KARACHI: The equity market ended down by 61 points on Tuesday due to selling pressure during the day. The benchmark KSE-100 index closed at 39,688 points as against 39,750 points showing a decline of 61 points. Analysts at Arif Habib Limited said that market opened on a positive note with +25 points and 4 million […]

by Mrs. Anjum Shahnawaz

Mar 5

Money & Banking

Rupee sheds five paisas against dollar

KARACHI: The Pak Rupee ended down by 5 paisas against dollar on Tuesday owing to demand for import and corporate payments. The foreign currency market ended at Rs138.73 to the dollar as compared with last Friday’s closing of Rs138.68. The foreign exchange market was initiated in the range of Rs138.75 and Rs138.80. The market recorded […]

by Mrs. Anjum Shahnawaz

MCC Preventive announces auction of vehicles on March 07

Mar 5

Pakistan Customs, Taxation

MCC Preventive announces auction of vehicles on March 07

KARACHI: Model Customs Collectorate (MCC) Preventive Karachi has announced auction of used / old vehicles to be held on March 07 at Anti-Smuggling Organization (ASO) Headquarter, East Wharf, Karachi. Following vehicles will be presented for the auction: 01. Mitsubishi Pajero Jeep ( Used) GS-2000 Model-1994 Reg.GS-2000 / V46 – 4034791 02. Used Lexus Car – […]

by Mrs. Anjum Shahnawaz

Rupee falls by 12 paisas against dollar in early trade

Mar 5

Money & Banking

Rupee falls by 12 paisas against dollar in early trade

KARACHI: The Pak Rupee depreciated by 12 paisas against the US dollar in early trade on Tuesday owing to high demand for import and corporate payment. The dollar is being traded at Rs138.80 in interbank foreign exchange market. The exchange rate was ended a day earlier at Rs138.68 in the foreign exchange market. Currency dealer […]

by Faisal Shahnawaz

Income Tax Ordinance 2001: Withholding agent requires to provide information of tax deduction

Mar 5

Exclusive, Taxation

Income Tax Ordinance 2001: Withholding agent requires to provide information of tax deduction

KARACHI: Every withholding agent is required to provide details of each person whose withholding tax is deducted or whom withholding tax is paid through a monthly statement to Federal Board of Revenue (FBR). According to updated Income Tax Ordinance, 2001 the withholding agent is required to provide information including name, CNIC and address of each […]

by Faisal Shahnawaz

Rise in rate by 20pc benefits 388,684 pensioners

Mar 5

National

Rise in rate by 20pc benefits 388,684 pensioners

KARACHI: The recent increase of 20 percent is benefiting about 388,684 pensioners of Employees Old-Age Benefit Institution (EOBI), said a statement on Monday. The present government has honored its commitment of EOBI pension. Therefore, EOB Pension rate is now increased by 20 percent effective from September, 2018. The total increase of Rs5 billion is shared […]

by Faisal Shahnawaz