Karachi – In a move aimed at strengthening the administrative core of the Pakistan Customs Service (PCS), the Federal Board of Revenue (FBR) has announced the promotion of three distinguished customs officers from BS-17 to BS-18 on a regular basis, effective immediately.
KARACHI: Banks are required to provide certain details of their customers and transactions to Federal Board of Revenue (FBR) for subsequent use of identifying new taxpayers and tax evasion. After the implementation of Finance Act, 2018 and Finance (Supplementary) Act, 2018 there are various changes made to Section 165A of Income Tax Ordinance, 2001 related […]
KARACHI: Pakistan’s cement exports registered unprecedented growth of 52 percent during first eight months (July – February) of fiscal year 2018/2019 mainly on the back of rupee depreciation and focus on low margin exports. The export of cement rose to 4.65 million tons during first eight months of current fiscal year as compared with 3.05 […]
KARACHI: The profits of banking sector have declined by 7 percent to Rs149 billion in 2018 as compared with around Rs160 billion in the preceding year, according to analysis of Topline Research issued on Tuesday. The analysts said that for 2018, despite 10 percent YoY increase in Net Interest Income (NII), profits were down 7 […]
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 […]
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 […]
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 […]
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 […]
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 – […]
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 […]