The Pakistani Rupee is anticipated to sustain its upward momentum in the coming week, buoyed by decreased import payment demands and improved inflows.
ISLAMABAD: Federal Board of Revenue (FBR) has asked persons/companies having taxable income to file their income tax returns for tax year 2019 by November 30, 2019 to avoid harsh penalties including imprisonment up to three years. The FBR on October 31, 2019 extended the last date for filing income tax returns up to November 30, […]
KARACHI: The stock market likely to stay positive during next week owing to improving macroeconomic position, analysts said. Analysts at Arif Habib Limited said that market to remain positive on the back of improving macroeconomic position, country witnessing foreign net inflows in T-bills (USD 441 million in FY20TD), agreement between government and traders, and decline […]
ISLAMABAD: Federal Public Service Commission (FPSC) will conduct examination for departmental promotion of Inland Revenue (IR) Inspectors, Federal Board of Revenue (FBR) said on Friday. In compliance of Supreme Court of Pakistan judgment dated June 05, 2017 in Civil Petitions No.2246, 2269, 2270 & 2308 of 2016 and Recruitment Rules notified vide Notification S.R.O. No.728(1)/2014 […]
KARACHI: Meezan Bank has secured third position for the Employer of the Year Award in the category of large national companies, said a statement on Friday. Meezan Bank, country’s largest Islamic bank, was awarded by Employers’ Federation of Pakistan (EFP) – Pakistan’s largest forum for employers. The award was announced at the 7th ceremony of […]
KARACHI: State Bank of Pakistan (SBP) has recommended the Federal Board of Revenue (FBR) to shift the collection of tax payments to electronic channels and enable taxpayers to use transaction accounts provided by any Payment Service Provider (PSP) to pay their taxes. The SBP suggested this in its National Payment System Strategy (NPSS) launched on […]
KARACHI: The stock market gained 174 points on Friday amid protest rally staged by opposition parties. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,378 points as against 34,204 points showing an increase of 174 points. Analysts at Arif Habib Limited said that the market largely traded positive, although the benchmark index […]
KARACHI: State Bank of Pakistan (SBP) on Friday launched rules and regulations for allowing banks to open bank accounts for retail merchants on soft conditions. According to objectives of regulations issued by the central bank, to outline minimum due diligence requirements for on-boarding merchants based on simplified due diligence process. Further, to facilitate in on-boarding […]
KARACHI: The Pak Rupee gained two paisas on Friday despite higher demand for import and corporate payments. The rupee ended at Rs155.65 to the dollar from previous day’s closing of Rs155.67 in interbank foreign exchange market. Currency dealers said that the rupee was under pressure earlier in the day due to higher demand for import […]
KARACHI: Pakistan Telecommunication Authority (PTA) has warned harsh punishment including three years jail terms for persons tempering communication devices. The regulator on Friday warned that under prevailing law persons engaged in any unlawful activity such as tempering or altering communication equipment would be liable to harsh penalties. Section 18 of Prevention of Electronic Crimes Act, […]