KARACHI: The stock market ended down by 64 points on Tuesday while traded in narrow band. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,798 points as against 33,862 points showing a decline of 64 points. Analysts at Arif Habib Limited said that the market traded in a narrow band of -146 […]
KARACHI: The Pak Rupee gained eight paisas against dollar on Tuesday owing to better economic projections of the central bank. The rupee ended Rs155.78 to the dollar from previous day’s closing of Rs155.85 in interbank foreign exchange market. Currency experts said that the rupee gained on the back of projection made by the State Bank […]
KARACHI: Enfrashare Pakistan Private Limited and Telenor Pakistan, one of Pakistan’s top mobile network operators, have signed an agreement to develop connectivity infrastructure, a statement said on Tuesday.
KARACHI: The consumer financing has lost pace in fiscal year 2018/2019 to total loans of Rs57.3 billion as compared with Rs86.5 billion in preceding fiscal year. The major drag came from auto and house financing segments, State Bank of Pakistan (SBP) said in its annual report on Pakistan Economy 2018/2019. The SBP issued the report […]
KARACHI: Pakistan Tax Bar Association (PTBA) has urged the Federal Board of Revenue (FBR) to extend the last date for filing income tax returns up to December 31, 2019 for salaried and business individuals as around 1.6 million returns cannot be filed by October 31, 2019. In a letter sent to FBR Chairman Syed Shabbar […]
KARACHI: State Bank of Pakistan (SBP) on Monday said opposition from traders against CNIC condition on sales transactions was because of misunderstanding. In its annual report on State of Pakistan Economy, the SBP said that as part of the Finance Bill 2019, the federal government proposed an amendment in the Sales Tax Act of 1990. […]
KARACHI: Dr. Reza Baqir, Governor State Bank of Pakistan (SBP) on Monday emphasized on putting more effort against money laundering and terrorist financing to ensure that Pakistan is out of grey list in the next meeting of FATF. While inaugurating the conference on Anti-Money Laundering (AML)/ Combating Financing of Terrorism (CFT) and Trade-Based Money Laundering […]
ISLAMABAD – The Federal Board of Revenue (FBR) issued a cautionary alert on Monday, raising concerns about the potential transportation of smuggled vehicles during a political rally organized by the Jamiat Ulema-e-Islam-Fazl (JUI-F).
ISLAMABAD: Federal Board of Revenue (FBR) has issued reminder to banks for complying with the certain regulatory regime and provide complete information of account holders. Chairman Federal Board of Revenue (FBR) Syed Muhammad Shabbar Zaidi issued a letter to the Heads of all banks wherein reference to the earlier sent letter dated October 1, 2019 […]
KARACHI: State Bank of Pakistan (SBP) on Monday forecast subdued GDP growth with high inflation for the current fiscal year. The central bank in its Annual Report 2018/2019 (State of the Economy), said that macroeconomic stabilization will continue to be the cornerstone of economic policies during 2019/2020. Real GDP growth is likely to remain subdued, […]