Educational institutions share information of persons paying annual fee above Rs200,000

KARACHI: Educational institutions have provided details of persons paying over Rs200,000 annual fee to Federal Board of Revenue (FBR). Read more »

FPCCI urges government to declare cotton emergency

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday urged the government to declare cotton emergency in order to increase the crop size. Read more »

Stock market witnesses decline of 581 points on selling pressure

KARACHI: The stock market witnessed decline of 581 points on Friday owing to heavy selling during the second half of trading day. Read more »

Trade deficit narrows by 28.4% in July – January

KARACHI: Pakistan’s trade deficit narrowed sharply by 28.40 percent during first seven months (July – January) 2019/2020 owing to significant decline in import bill. Read more »

Rupee gains eight paisas amid import, corporate demand

KARACHI: The Pak Rupee gained eight paisas against dollar on Friday amid demand for import and corporate payments. Read more »

Allied Bank declares 10% growth in annual net profit

KARACHI: Allied Bank Limited has declared 10 percent growth in annual profit for calendar year 2019 owing to significant increase in net mark-up income. Read more »

Rs243 billion documented after restriction on Rs40,000 unregistered prize bonds

KARACHI: An amount of Rs243 billion has been documented by people through surrendering bearer prize bonds of Rs40,000 denomination. Read more »

Digital Pakistan Initiative chief visits CDC

KARACHI: Ms. Tania Aidrus, Head of Prime Minister Imran Khan’s Digital Pakistan Initiative visited Central Depository Company to explain key objectives of the digital Pakistan initiatives, a statement said on Thursday. Read more »

Tax payable reduced to half on income from low cost housing projects

KARACHI: The income tax payable on profits and gains derived by a person from low cost housing projects shall be reduced by 50 percent. Read more »