KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
(more…)Year: 2019
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Weekly Review: Equity market to eye future investment prospects
KARACHI – The Pakistani equity market is poised to evaluate the potential for foreign investments as Prime Minister Imran Khan prepares for a visit to the UAE on February 10, followed by the anticipated visit of the Saudi Crown Prince to Pakistan on February 16, 2019.
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Provincial sales tax registered persons liable to pay advance income tax
KARACHI – The Federal Board of Revenue (FBR) has announced that sales tax registered individuals with the provinces are now required to pay adjustable advance income tax, as per the recently updated Income Tax Ordinance, 2001.
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Govt. domestic debt increases by 13.6pc to Rs17,536 billion
KARACHI – Pakistan’s domestic debt has witnessed a substantial increase of 13.6 percent, reaching Rs17,536 billion by the end of December 2018, compared to Rs15,437 billion in the same month the previous year, according to data released by the State Bank of Pakistan (SBP) on Friday.
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CNG stations to remain closed for further 24 hours
KARACHI – Sui Southern Gas Company (SSGC) announced on Friday that Compressed Natural Gas (CNG) stations will remain closed for an additional 24 hours as part of gas load management.
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Pakistan has geographical importance for investment
KARACHI – Henry Ensher, Deputy Assistant Secretary of the Bureau of South and Central Asian Affairs, emphasized the geopolitical importance of Pakistan for regional investment during a meeting with Sindh Governor Imran Ismail on Friday.
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KSE-100 index ends down by 445 points on profit taking
KARACHI – The Pakistan Stock Exchange (PSX) experienced a notable downturn on Friday as the benchmark KSE-100 index fell by 445 points, closing at 40,887 points compared to the previous day’s 41,333 points.
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Rupee falls by 16 paisas to US dollar
KARACHI – The Pakistan Rupee experienced a depreciation of 16 paisas against the US dollar on Friday, primarily driven by heightened demand from importers and corporate buyers.
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KCCI shows concerns over gas shutdown to industries
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed serious concerns over abrupt shutdown of gas supply to industries and said that such closure caused immense losses to the tune of billions of rupees.
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KSE-100 index falls by 483 points in mid-day trading
KARACHI – The Pakistan Stock Exchange (PSX) experienced a significant downturn today as the benchmark KSE-100 index plummeted by 483 points or 1.17 percent at 12:00 PM, currently trading at 40,850 points.
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