Mar 13

SECP discusses stock market situation

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has discussed the situation of the stock market, which triggered halt for third time in this week. The SECP team lead by the Chairman SECP and Commissioner(SM) held a detailed meeting with the CEOs of Pakistan Stock Exchange, National Clearing Company and Central Depository Company (Self-Regulatory […]

by Mrs. Anjum Shahnawaz

Rupee gains 16 paisas, breaks 4-day losing streak

Mar 13

Money & Banking

Rupee gains 16 paisas, breaks 4-day losing streak

KARACHI: The Pak Rupee gained 16 paisas against dollar on Friday breaking the losing streak of four consecutive days. The rupee ended Rs158.98 to the dollar from previous day’s closing of Rs159.14 in interbank foreign exchange market. The rupee started decline against dollar on Monday this week and fall from Rs154.24 to the dollar. The […]

by Mrs. Anjum Shahnawaz

Stock market gains 104 points amid third trading halt

Mar 13

Stock & Commodity

Stock market gains 104 points amid third trading halt

KARACHI: The stock market gained 104 points on Friday despite third market halt in the week was witnessed. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) Index closed at 36,060 points as against 35,957 points showing an increase of 104 points. Analysts at Arif Habib Limited said that third consecutive market halt was met […]

by Mrs. Anjum Shahnawaz

Mar 13

Stock & Commodity

PSX launches NIT Pakistan Gateway Index

KARACHI: Pakistan Stock Exchange (PSX) on Friday announced the launching of NIT Pakistan Gateway Index (NITPGI). In a statement the stock market informed all the concerned that the NIT Pakistan Gateway Index would be made live along with its constituents from March 16, 2020. The index was initiated on January 31, 2020 with the base […]

by Mrs. Anjum Shahnawaz

FBR allows filing Annexure-H for July – October up to April 15

Mar 13

Taxation

FBR allows filing Annexure-H for July – October up to April 15

ISLAMABAD: Federal Board of Revenue (FBR) has allowed taxpayers to submit their stock position for the period July – October 2019 up to April 15, 2020 in order to claim sales tax refunds under newly only verification and issuance system. In an official memorandum issued on Friday, the FBR condoned the time limit for filing […]

by Mrs. Anjum Shahnawaz

FBR to launch online production monitoring of three major sectors

Mar 13

Taxation

FBR to launch online production monitoring of three major sectors

ISLAMABAD: Federal Board of Revenue (FBR) to launch online monitoring of production in three major sectors for preventing tax evasion. The FBR has decided to launch real-time monitoring of production by cement, sugar and fertilizer sectors in order to prevent tax evasion. In this regard the FBR issued Invitation for Licence (IFL) for IT based […]

by Mrs. Anjum Shahnawaz

US stocks plummet on US travel ban from Europe

Mar 13

Stock & Commodity, World

US stocks plummet on US travel ban from Europe

US stocks witnessed plummeted on Thursday after the US President imposed travel ban to curb coronavirus outbreak, which spooked investors and rattled world markets. According to CNBC the Dow Jones Industrial Average fell 2,352.33 points, or 9.99 percent, to 21,200.89, the S&P 500 lost 260.75 points, or 9.51 percent, to 2,480.63 and the Nasdaq Composite […]

by Mrs. Anjum Shahnawaz

Mar 13

Finance

Suitable increase in salaries to be proposed in upcoming budget: finance ministry

ISLAMABAD: The government to propose suitable increase in salaries of government employees in the upcoming budget 2020/2021, said a statement issued by the Finance Division on Thursday. In response to the strike call by the Secretariat employees for raising their salaries the ministry of finance has held meetings with the federal government employees to assure […]

by Mrs. Anjum Shahnawaz