Govt. decides to end open sky policy: Fawad

Mar 26

National

Govt. decides to end open sky policy: Fawad

ISLAMABAD: The government has decided to end the open sky policy in order to prevent losses to national flag carrier i.e. Pakistan International Airlines (PIA). Federal Minster for Information and Broadcasting Chaudhry Fawad Hussain at a press conference after the federal cabinet meeting on Tuesday said that the government had decided to end the country’s […]

by Faisal Shahnawaz

PTCL signs agreement for clean, green Pakistan

Mar 26

IT & Telecom

PTCL signs agreement for clean, green Pakistan

ISLAMABAD: Pakistan Telecommunication Company Limited (PTCL) and Ministry of Climate Change (MoCC) have signed an agreement to support the Clean Green Pakistan Movement. This collaboration will enable to tackle issues of low forest cover and poor cleanliness in urban & rural areas of Pakistan, said a statement on Tuesday. Under this MoU, PTCL and MoCC […]

by Faisal Shahnawaz

FBR notifies promotion of IRS officers to BS-22

Mar 26

Taxation

FBR notifies promotion of IRS officers to BS-22

ISLAMABAD – In a significant development, the Federal Board of Revenue (FBR) announced the promotions of two distinguished officers from the Inland Revenue Service (IRS) to the coveted BS-22 rank.

by Faisal Shahnawaz

Eatery owners knowingly ignore hygiene requirements: Sindh Food Authority

Mar 26

Trade & Industry

Eatery owners knowingly ignore hygiene requirements: Sindh Food Authority

KARACHI: Eatery owners are well aware about their shortcomings yet they ignore hygiene requirements and compromise with public health, Abrar Ahmed Sheikh, Director Operations, Sindh Food Authority (SFA) said on Tuesday. Talking at Karachi Chamber of Commerce and Industry (KCCI), the director urged the owners of all eateries, restaurants, bakeries and other food-related businesses to […]

by Faisal Shahnawaz

Equity market gains 200 points on improved sentiments

Mar 26

Stock & Commodity

Equity market gains 200 points on improved sentiments

KARACHI: The equity market gained 200 points on Tuesday after improved trading sentiments. The KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,329 points as against 38,129 points showing an increase of 200 points. Analysts at Arif Habib Limited said that the market sentiment improved after a long time and the index closed positive. […]

by Faisal Shahnawaz

Mar 26

Money & Banking

Rupee ends with two paisas gain

KARACHI: The Pak Rupee gained two paisas against dollar on Tuesday amid higher demand for import and corporate payments. The rupee ended Rs140.27 to the dollar from previous day’s closing of Rs140.29 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs140.25 and Rs140.30. The market recorded day […]

by Faisal Shahnawaz

MCC Preventive announces auction of confiscated vehicle on March 28

Mar 26

Pakistan Customs, Taxation

MCC Preventive announces auction of confiscated vehicle on March 28

KARACHI: Model Customs Collectorate (MCC) Preventive, Karachi has announced auction of confiscated vehicle to be held on March 28, 2019 at Anti-Smuggling Organizations (ASO), Ghasbandar, East Wharf, Karachi. The following vehicles will be presented for the auction: 1. Mitsubishi Pajero Jeep ( Used) GS-2000 Model-1994, Reg. GS-2000 / V46 – 4034791. 2. Used Lexus Car […]

by Faisal Shahnawaz

Income Tax Ordinance 2001: Corporate tax rate to be reduced to 25pc

Mar 26

Exclusive, Taxation

Income Tax Ordinance 2001: Corporate tax rate to be reduced to 25pc

The government of Pakistan has undertaken a strategic initiative to gradually reduce corporate income tax rates, aiming to bring them down to 25% by the tax year 2023 and onwards.

by Faisal Shahnawaz

Restriction on non-filers for car buying considerably reduces own money

Mar 26

Finance

Restriction on non-filers for car buying considerably reduces own money

KARACHI: The restriction on non-filers to purchase cars during first half of current fiscal year has reduced the delivery time and also reduce the own money for immediate delivery in the grey market. The State Bank of Pakistan (SBP) in its report for second quarter said that the uncertainty regarding filer versus non-filer issue has […]

by Faisal Shahnawaz

PNSC adds MoGas Carrier vessel to its fleet

Mar 26

Corporate

PNSC adds MoGas Carrier vessel to its fleet

KARACHI: Pakistan National Shipping Corporation (PNSC) has added MoGas Carrier LR-1 vessel to its fleet on Monday, Federal Minister for Maritime Affairs Syed Ali Haider Zaidi said. The ship, which has been named Bolan, will help reduce the dependency on foreign vessels and will help in saving million of dollars in freight chares, he said […]

by Faisal Shahnawaz