The Pakistani Rupee held steady against the US dollar on Thursday, closing at Rs138.93 in the interbank foreign exchange market.
(more…)Year: 2019
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Return filers entitled to many reductions, rebate and credits
The Federal Board of Revenue (FBR) has released a comprehensive facilitation guide outlining the various tax reductions, rebates, and credits available to income tax return filers.
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SBP directs banks to display contact details to facilitate customers
The State Bank of Pakistan (SBP) has issued directives to all banks, urging them to prominently display contact details to facilitate customers in addressing complaints and resolving issues effectively.
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Requirement of wealth statement
The Federal Board of Revenue (FBR) has recently introduced amendments to the Income Tax Ordinance, 2001, shedding light on the requirement for taxpayers to submit a wealth statement alongside their annual income return.
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Rupee gains in early trading on investment announcement
KARACHI – In early day trading on Thursday, the Pakistani Rupee demonstrated resilience, gaining two paisas against the US dollar, trading at Rs138.92 in the interbank foreign exchange market.
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Investment in unregistered prize bonds increases to Rs922.78 bn
KARACHI – According to the latest debt statistics issued by the State Bank of Pakistan (SBP), the investment in unregistered prize bonds has witnessed a significant surge, recording an increase of 17 percent to reach Rs922.78 billion by the end of December 2018.
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SBP sells treasury bills worth Rs2,107.51 billion in auction
KARACHI – In a successful auction held on Wednesday, the State Bank of Pakistan (SBP) raised a substantial amount of Rs2,107.51 billion through the sale of Market Treasury Bills (MTBs).
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PTCL customers to get discount on Careem rides
KARACHI – Pakistan Telecommunication Company Limited (PTCL) has entered into a collaborative agreement with Careem, one of the leading ride-hailing platforms in Pakistan.
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Equity market ends down as profit taking continues
KARACHI – The Pakistan Stock Exchange (PSX) continued to experience profit-taking on Wednesday, as the benchmark KSE-100 index closed at 40,544 points, marking a decline of 52 points from the previous day’s closing of 40,596.
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