PSX proposes tax relief for exchange traded fund

KARACHI: Pakistan Stock Exchange (PSX) has proposed Exchange Traded Funds, transfer of Portfolio (basket of securities) from Authorized Participant (AP) to ETF’s Account should not be treated as disposal. In its proposal... Read more »

Exports fall by 54 percent in April amid COVID-19 pandemic

ISLAMABAD: Pakistan’s exports have declined by 54 percent in April 2020 owing to ongoing lockdown and cancellation of foreign orders. According to trade data released by Pakistan Bureau of Statistics (PBS) the... Read more »

Stock market gains 76 points amid profit taking

KARACHI: The stock market gained 76 points on Tuesday amid profit taking during the day. The benchmark KSE-100 of Pakistan Stock Exchange (PSX) closed at 33,993 points as against 33,917 points showing... Read more »

Rupee appreciates by 26 paisas against dollar

KARACHI: The Pak Rupee gained another 26 paisas against dollar on Tuesday owing to better economic indicators amid coronavirus pandemic. The rupee ended Rs159.65 to the dollar from previous day’s closing of... Read more »

FPCCI suggests measures to broaden tax base, improving tax to GDP ratio

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested measures to broaden tax base and improving tax to GDP ratio. The apex trade body in its proposals for fiscal... Read more »

Exemption from withholding tax at import stage suggested

KARACHI: Pakistan Business Council (PBC) has suggested the tax authorities to exempt withholding tax at import stage for avoiding generation of tax refunds and expansion of industry. In its proposals for budget... Read more »

PVC, PMC material allowed sales tax zero rating; Export Policy Order amended

ISLAMABAD: The ministry of commerce has allowed zero rating of sales tax on supply of PVC and PMC meterials from Export Processing ZOnes, Manufacturing Bonds and export oriented units. The commerce ministry... Read more »