Sindh collects Rs4.77 billion as motor vehicle tax

KARACHI: The Sindh government has collected Rs4.77 billion as motor vehicle tax during first eight months (July – February) 2019/2020. This was informed at a meeting presided over by Provincial Minister for Excise and Taxation – Narcotics Control and Parliamentary Affairs Mukesh Kumar Chawla on Friday. At the meeting the provincial minister directed the officers […]

by Mrs. Anjum Shahnawaz

Mar 6

Auction

MCC Preventive Peshawar announces auction of vehicles, mobile phones on March 09

ISLAMABAD: The Model Customs Collectorate (MCC) Preventive Peshawar has announced auction of vehicles and mobile phones to be held on March 09, 2020. Following vehicles to be auctioned at State Warehouse Peshawar: Mercedes Benz (Bullet Proof) Model 1982, Chassis No. WDB-12603312037551 Toyota Hilux Pick Up Model 2007, Chassis No. MROCS12G400043443 Toyota Land Cruiser Model 2004, […]

by Mrs. Anjum Shahnawaz

Stock market plunges by 1162 points on massive selling

Mar 6

Stock & Commodity

Stock market plunges by 1162 points on massive selling

KARACHI: The stock market plunged by 1162 points on Friday owing to massive selling activities during the last trading day of the week. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,220 as against 39,382 points showing the decline of 1162 points. Analysts at Topline Securities said that spillover of the selloff […]

by Mrs. Anjum Shahnawaz

Banks directed to observe working on weekly holidays for Hajj form collection

Mar 6

Money & Banking

Banks directed to observe working on weekly holidays for Hajj form collection

KARACHI: In a move to ease the process for prospective Hajj pilgrims, the State Bank of Pakistan (SBP) has issued a directive to banks, instructing them to keep their doors open on weekends.

by Mrs. Anjum Shahnawaz

Gas leakage incident occurs at Engro chemical plant

Mar 6

Corporate

Gas leakage incident occurs at Engro chemical plant

KARACHI: Engro Polymer and Chemcial said that an isolated incident of gas leak occurred it plant at Port Qasim on Friday morning. In a statement the company said that it was gathering complete details related to the incident. “Based on initial reports, some people have been shifted to a nearby medical facility for treatment of […]

by Mrs. Anjum Shahnawaz

Investment in registered prize bonds witnesses 213% growth

Mar 6

Money & Banking

Investment in registered prize bonds witnesses 213% growth

KARACHI: The investment in registered prize bonds of Rs40,000 denomination have registered phenomenal increase of 213 percent following discontinuation of bearer instruments of same denominations, official data revealed. The investment in premium prize bonds surged to Rs18.37 billion by end of January 2020 as compared with Rs5.86 billion in the same month of the last […]

by Mrs. Anjum Shahnawaz

Mar 6

Auction

Pakistan Customs offers fresh lot of imported cars for auction on March 7

KARACHI: Pakistan Customs has announced auction of fresh lot of vehicles lying at Bay West, West Wharf Road, Karachi to be held on March 07, 2020. Following vehicles to be presented for auction: 01. Suzuki Escudo, Chassis No. TDA4W-271562, manufacturing year 2013, capacity 2400CC 02. Toyota Aqua, Chassis No. NHP10-6450900, manufacturing year 2015, capacity 1500CC […]

by Mrs. Anjum Shahnawaz

FBR issues values of minerals for tax collection

Mar 6

Taxation

FBR issues values of minerals for tax collection

ISLAMABAD: Federal Board of Revenue (FBR) has notified values of minerals for collection of advance tax at the time of extracted, produced, dispatched and carried away from the licensed or leased areas of the mines. The FBR issued SRO140(I)/2020 dated March 02, 2020 for notifying values of minerals to collect advance tax at the rate […]

by Mrs. Anjum Shahnawaz