The foreign exchange rate in Karachi remained unchanged on Saturday January 19, 2019 due to lower demand from the general public.
(more…)Year: 2019
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Export target of $27 billion to be achieved: Razak Dawood
Pakistan is on the verge of achieving its export target of $27 billion for the current fiscal year, as affirmed by Abdul Razak Dawood, the Adviser for Commerce, Textile, Industry & Production, and Investment.
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Exemption to judges of superior courts under Income Tax Ordinance 2001
Income Tax Ordinance, 2001 has granted various exemption to judges of superior courts on their earnings, according to official sources.
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Weekly Review: equity market to move with mini-budget announcement
Weekly Review: The equity market in Pakistan is poised for significant movement in the coming week, primarily revolving around key developments, including the presentation of a mini-budget on January 23, 2019.
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Applicable duty, tax rates on mobile phones
Applicable rates of duty and tax on mobile phones have been unveiled for the payment at the import stage and collected by Pakistan Customs.
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Pakistan offers incentives to Chinese investors in oil, gas exploration
ISLAMABAD: Pakistan on Friday offered incentives to Chinese investors interested in oil and gas exploration in a bid to further strengthen economic ties and foster collaboration.
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FBR withdraws sales tax zero-rating on electricity supply to two textile units
KARACHI: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating on supply of electricity to two textile units on misuse of tax concession facility.
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Withholding tax rates on profit on banking deposits
Withholding tax rates on profit on banking deposits have been updated for tax year 2019. In a significant development for the financial sector, the Federal Board of Revenue (FBR) has announced updated withholding tax rates on profit earned from banking deposits for the tax year 2019.
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Prime Minister reviews progress on CPEC
Prime Minister Imran Khan convened a crucial meeting on Friday to assess the advancements in the China-Pakistan Economic Corridor (CPEC), a transformative economic initiative that has the potential to reshape the economic landscape of the region.
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