Mar 5

Stock market gains 476 points on falling PIB yields

KARACHI: The stock market gained 476 points on Thursday owing to positive sentiments prevailed after decline in cut-off yield of government papers. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,382 points as against 38,906 points showing an increase of 476 points. Analysts at Topline Securities said that in line with the […]

by Mrs. Anjum Shahnawaz

Foreign exchange reserves increase by $126 million

Mar 5

Finance

Foreign exchange reserves increase by $126 million

KARACHI: The total liquid foreign exchange of the country increased by $126 million by week ended February 28, 2020, the State Bank of Pakistan (SBP) said on Thursday. The total foreign exchange reserves of the country increased to $18.869 billion by week ended February 28, 2020 as compared with $18.743 billion a week ago. The […]

by Mrs. Anjum Shahnawaz

Rupee ends down by five paisas against dollar

Mar 5

Money & Banking

Rupee ends down by five paisas against dollar

KARACHI: The Pak Rupee ended five paisas down against dollar on Thursday owing to demand for import payment, dealers said. The rupee ended Rs154.27 to the dollar from previous day’s closing of Rs154.22 in interbank foreign exchange market. The dealers said that earlier in the date the rupee gained value owing to inflows of workers […]

by Mrs. Anjum Shahnawaz

Standard Chartered Pakistan announces 42.5% growth in after tax profit

Mar 5

Corporate, Money & Banking

Standard Chartered Pakistan announces 42.5% growth in after tax profit

KARACHI: Standard Chartered Bank Pakistan has declared massive growth of 42.5 percent in after tax profit for the year ended December 31, 2019. The bank declared Rs16.017 billion profit after tax for the year 2019 as compared with Rs11.239 billion in the last year. The bank also declared earnings per share at Rs4.14 as compared […]

by Mrs. Anjum Shahnawaz

People can file their returns after due date for appearance in ATL: FBR

Mar 5

Taxation

People can file their returns after due date for appearance in ATL: FBR

KARACHI: People can still file their annual income tax returns after due date for appearing on the Active Taxpayers List (ATL) after paying default surcharge. The last date for filing income tax returns for tax year 2019 was February 28, 2020 and FBR issued ATL – 2019 of March 01, 2020. With the issuance of […]

by Mrs. Anjum Shahnawaz

FBR launched crackdown against 300,000 non-filers

Mar 5

Taxation

FBR launched crackdown against 300,000 non-filers

ISLAMABAD: Federal Board of Revenue (FBR) has launched crackdown action against around 300,000 non-filers of annual returns for tax year 2019. The tax authorities have started sending notices to individuals and companies who filed their returns and declaration of assets for tax year 2018 but failed to comply this obligation in the subsequent year. The […]

by Mrs. Anjum Shahnawaz