Health declaration made mandatory for passengers entering Pakistan

Feb 25

National

Health declaration made mandatory for passengers entering Pakistan

ISLAMABAD – In response to the ongoing challenges posed by the COVID-19 pandemic, the federal health ministry in Pakistan has taken a crucial step to safeguard public health. The ministry has mandated that all travelers entering the country must submit a health declaration form, outlining contact details and providing a brief travel history. The official […]

by Mrs. Anjum Shahnawaz

Engro wins UN business sustainability award

Feb 25

Corporate

Engro wins UN business sustainability award

KARACHI: Engro Corporation has won the first prize for ‘Living the UN Global Compact Business Sustainability Award 2019’ in the Large National Category, for the second year in a row, a statement said on Tuesday. The company has been awarded in recognition of promoting UNGC Principles and Sustainable Development Goals. The award was presented at […]

by Mrs. Anjum Shahnawaz

Coronavirus fear grips stock market traders

Feb 25

Stock & Commodity

Coronavirus fear grips stock market traders

KARACHI: The stock market was remained under pressure during the course of the day as concerns over coronavirus in neighboring country Iran continued to weigh down on investor sentiment. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,858 points as against 39,144 points showing a decline of 285 points. Analysts at Topline […]

by Mrs. Anjum Shahnawaz

FPCCI demands immediate release of Rs250 billion tax refunds

Feb 25

Trade & Industry

FPCCI demands immediate release of Rs250 billion tax refunds

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Tuesday demanded the government to release Rs250 tax refunds of exporters without any further delay. FPCCI President Mian Anjum Nisar urged the Prime Minister of Pakistan Imran Khan and Advisor to the Prime Minister on Finance to honour their commitment of disbursing sales tax […]

by Mrs. Anjum Shahnawaz

Rupee falls by four paisas against dollar

Feb 25

Money & Banking

Rupee falls by four paisas against dollar

KARACHI: The Pak Rupee ended four paisas down against dollar on Tuesday amid demand for import and corporate payments. The rupee ended Rs154.25 to the dollar from previous day’s closing of Rs154.21 in interbank foreign exchange market. Currency dealers said that the rupee depreciated due to demand for dollars from importers and corporate buyers. They […]

by Mrs. Anjum Shahnawaz

Textile industry demands clearance of raw material stopped on coronavirus threat

Feb 25

Trade & Industry

Textile industry demands clearance of raw material stopped on coronavirus threat

KARACHI: Textile industry has demanded the government authorities of early clearance of raw material consignments that are stuck up due to measures taken for prevention of coronavirus. Zubair Motiwala, Patron of SITE Association of Industry, in a statement on Tuesday appealed the government to allow early clearance of imports consignments containing dyes and chemicals, from […]

by Mrs. Anjum Shahnawaz

Oil prices fall by 15% since coronavirus outbreak

Feb 25

Energy

Oil prices fall by 15% since coronavirus outbreak

KARACHI: The international oil prices have fallen by around 15 percent since the outbreak of deadly coronavirus, analysts at Arif Habib Limited said on Tuesday. They said that the coronavirus epidemic in China has battered oil prices as WTI, Brent and Arab Light have declined by 15.8 percent, 16.3 percent and 14.5 percent, respectively since […]

by Mrs. Anjum Shahnawaz

Taxpayers can make payment in installments

Feb 25

Taxation

Taxpayers can make payment in installments

KARACHI: Taxpayers have option to pay due liability in installments on explaining plausible reasons to the concerned Commissioner of Inland Revenue. Sources in Federal Board of Revenue (FBR) Monday said that the tax payable by a taxpayer on the taxable income of the taxpayer including the tax payable under section 113 or 113A of Income […]

by Mrs. Anjum Shahnawaz