April 27, 2024

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Pakistan Revenue

Day: February 11, 2020

Meezan Bank, Amreli Steels sign agreement for dealers collection
Feb 11
Money & Banking

Meezan Bank, Amreli Steels sign agreement for dealers collection

KARACHI: Meezan Bank, the largest Islamic bank in Pakistan, and Amreli Steels Limited have joined hands to streamline dealers collections. Under this transaction banking agreement, Meezan Bank, through the provision of its state-of-the-art online banking solution, named eBiz+, will enable Amreli Steels to fully automate its dealer collections, a statement said on Tuesday. The partnership […]

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SECP proposes amendments to prevent corporate money laundering
Feb 11
Stock & Commodity

SECP proposes amendments to prevent corporate money laundering

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) has proposed amendments laws to prevent money laundering through corporate entities. A statement issued on Tuesday said that the SECP has issued a set of notifications, soliciting public consultation on drafts of amendments to the Companies (Incorporation) Regulations, 2017, Companies (General Provisions and Forms) Regulations, 2018, Foreign […]

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Stock market recovers 418 points
Feb 11
Stock & Commodity

Stock market recovers 418 points

KARACHI: The stock market gained 418 points on Tuesday as market made recovery of past days losses. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,714 points as against 39,296 points showing a make of 418 points. Analysts at Topline Securities said that the market opened on a positive note in line […]

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Car sales decline by 45% in seven months
Feb 11
Automotive

Car sales decline by 45% in seven months

KARACHI: The sale of locally manufactured cars has declined by 45 percent to 78,806 units during first seven months (July – January) 2019/2020 as compared with 142,579 units in the corresponding months of the last year. According to data released by Pakistan Automobile Manufacturers Association (PAMA) on Tuesday, massive decline of 64 percent recorded in […]

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FBR notifies transfer, postings of BS-20 Customs officers
Feb 11
Pakistan Customs

FBR notifies transfer, postings of BS-20 Customs officers

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified transfers and postings of Pakistan Customs Service (PCS) officers in BS-20 with immediate effect and until further orders. Following officers have been transferred and posted: 01. Abdul Qadir Memon (Pakistan Customs Service/BS-20) has been transferred and posted as Collector, Collectorate of Customs, (Appeals), Karachi from the […]

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Pulses prices fall up to Rs20/kg in wholesale market
Feb 11
Finance

Pulses prices fall up to Rs20/kg in wholesale market

KARACHI: Prices of pulses have come down up to Rs20 per kilogram in wholesale market due to lower demand and improved supply, market sources said. Anis Majeed, patron in chief, Karachi Wholesale Grocer’s Association (KWGA) and Malik Zulfiqar Ali, chairman, in a statement on Tuesday, said pulses prices have decreased in the market by 10 […]

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