April 20, 2024

Pkrevenue.com

Pakistan Revenue

Day: January 7, 2020

100% tax exemption allowed on inter-corporate dividend
Jan 7
Taxation

100% tax exemption allowed on inter-corporate dividend

KARACHI: The government has allowed 100 percent exemption on inter-corporate dividend to companies entitled to group relief. Analysts at Topline Securities on Tuesday said that as per the Tax Laws (Second Amendment) Ordinance 2019 issued on Dec 28th, the government has allowed 100% tax exemption on inter-corporate dividends, to companies entitled to group relief. To […]

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Equity market recovers 608 points
Jan 7
Stock & Commodity

Equity market recovers 608 points

KARACHI: The equity market recovered 608 points on Tuesday in the aftermath of US-Iran confrontation and developing geopolitical situation. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,904 points as against 41,296 points showing an increase of 608 points. Analysts at Arif Habib Limited said that in the aftermath of US-Iran confrontation […]

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Rupee depreciates six paisas against dollar
Jan 7
Money & Banking

Rupee depreciates six paisas against dollar

KARACHI: The Pak Rupee fell six paisas against dollar on Tuesday owing to demand for import and corporate payments, dealers said. The rupee ended Rs155.01 to the dollar as compared with Rs154.95 in interbank foreign exchange market. The dealers said that the rupee was depreciated due to rising demand of dollar for import and corporate […]

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Investigation launched against 88 housing schemes
Jan 7
Finance

Investigation launched against 88 housing schemes

ISLAMABAD: Competition Commission of Pakistan (CCP) has initiated investigation against around 88 housing schemes for deceptive marketing practices. In a statement on Monday, the CCP said that it had launched the enquiry while taking notice of the widespread concerns and complaints regarding the prima facie deceptive market practices by various housing schemes in Punjab. The […]

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Auction of confiscated motor vehicles to be held on Jan 09
Jan 7
Auction

Auction of confiscated motor vehicles to be held on Jan 09

KARACHI: Pakistan Customs has announced auction of confiscated motor cars to be held at Anti-Smuggling Organization (ASO) on January 09, 2019. Following motor vehicles will be presented for the auction: 01. Toyota Lexus Car – Reg. No. UC-868 -Model-2006-(As per seat Belt) Chassis: JTHBG 963905034702 / Engine EMH-3 GR-FE158467 – 3485 cc. 02. Toyota Harrier […]

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Birds hit two PIA aircraft
Jan 7
National

Birds hit two PIA aircraft

KARACHI: At least two aircraft of Pakistan International Airlines (PIA) were damaged in bird-strike incidents which were took place at Karachi Airport, a spokesman said on Monday. “Today two aircraft were hit by birds once again. Both incidents took place at the Karachi airport,” PIA spokesman Abdullah Khan said. The spokesman said that flight number […]

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Import bill plunges by 17.06% in first half
Jan 7
Finance

Import bill plunges by 17.06% in first half

KARACHI: Pakistan’s import bill fell by 17.06 percent during first six months (July – December) 2019/2010 owing to deceleration in international commodity prices and lower domestic demand. According to data released by the ministry of commerce, the import bill reduced to $23.18 billion during first half of current fiscal year as compared with $27.94 billion […]

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