KARACHI: The Sindh Revenue Board (SRB) has taken decisive action by suspending the sales tax registration of M/s. Adam Shipping (Private) Limited, a shipping company, due to default in payment and failure to file monthly returns.
ISLAMABAD: The government has reduced prices of petroleum products up to Rs7 per liters for the month of March 2020, a notification said on Saturday. The notification issued by Finance Division stated that the government decided to decrease the prices of petroleum products to provide relief to the consumers. The government is committed to extend […]
KARACHI: Sindh Environmental Protection Agency (SEPA) has asked Port Qasim Authority (PQA) to ensure environmental compliance while unloading soybean cargo, officials said on Saturday. In a letter sent to PQA, the SEPA said that an incident was occurred on February 16, 2020 at Kemari and in the vicinity of Karachi Port Trust regarding deterioration of […]
KARACHI: Car dealers have said that due to restrictions on import of used vehicles the business of car sales has suffered terribly and many showroom owners have shut down their businesses. Chairman of Automotive Traders & Importers Association Karachi (ATIAK) Muhammad Kamran Khan and President ATIAK Ch. Aamir Ali Khan have requested the Karachi Chamber […]
KARACHI: Coronavirus fear to haunt the local bourses during next week as it has already dented the market badly in the outgoing week. Analysts at Arif Habib Limited said that with the extension of global panic over coronavirus and its spill-over on markets, currencies and commodities alike, pressure on the benchmark KSE-100 index to sustain. […]
KARACHI: National Bank of Pakistan (NBP) on Friday announced 21 percent decline in its annual profit for period ended December 31, 2019. The bank declared Rs15.8 billion after tax profit for the year 2019 as cmopared with Rs20.01 billion in the last year. According to unconsolidated profit and loss account, the bank declared basic earnings […]
ISLAMABAD: Federal Board of Revenue (FBR) has received 2.45 million income tax returns for tax year 2019 till evening of February 28, 2020, which is the last date for filing the returns. A statement issued on Friday, the FBR said that the last date for filing income tax returns would not be extended further. The […]
ISLAMABAD: Federal Board of Revenue (FBR) on Friday transferred Dr. Najeebullah, an officer of Inland Revenue Service (BS-19) as Commissioner, Large Taxpayers Unit (LTU), Karachi. The FBR notified transfers and postings of IRS officers of BS-19 and BS-20. Following officers have been transferred and posted: 01. Dr. Najeebullah (Inland Revenue Service/BS-19) has been transferred and […]
KARACHI: The stock market fell by 104 points on Friday amid reports of Pakistan and International Monetary Fund (IMF) reached on a staff-level agreement. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 37,984 points as against 38,087 points showing a decline of 104 points. Analysts at Arif Habib Limited said that […]
KARACHI: The Pak Rupee eased by two paisas against dollar on Friday in range bound trading activities, dealers said. The rupee closed at Rs154.23 to the dollar from previous day’s closing of Rs154.21 in interbank foreign exchange market. The currency dealers said that the market was remained dull during the day owing to lackluster demand […]