PSX seeks permanent reduction in tax rate for listed companies

KARACHI: Pakistan Stock Exchange (PSX) has recommended to lower the rate of tax for listed companies in order to encourage listing in the equity market. “The tax rate should be permanently lowered... Read more »

Inflows of remittances registers 5.5 percent decline in April

KARACHI: The inflow of workers remittances has registered decline of 5.5 percent in April 2020, State Bank of Pakistan (SBP) said on Monday. Workers’ remittances during April 2020 amounted to US $... Read more »

SBP to announce monetary policy on May 15

KARACHI: State Bank of Pakistan (SBP) on Monday said that it will announce monetary policy statement for next two months on Friday May 15, 2020. The SBP in previous three announcement during... Read more »

SBP further relaxes refinance scheme to prevent major layoffs

KARACHI: State Bank of Pakistan (SBP) relaxes refinance scheme to prevent large scale layoff of workers due to adverse effects on the economy due to coronavirus. The SBP on Monday said that... Read more »

Stock market trades in narrow range

KARACHI: The stock market gained 16 points on Monday while trading in narrow range. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,284 points as against 33,268 points showing... Read more »

Rupee falls by 10 paisas against dollar

KARACHI: The Pak Rupee fell by 10 paisas against dollar Monday amid higher demand import payment, dealers said. The rupee ended Rs160.07 to the dollar from last Friday’s closing of Rs159.97 in... Read more »

FBR proposed to eliminate distortion in withholding tax on dividends from equity investments

KARACHI: Federal Board of Revenue (FBR) has been proposed to rationalize of withholding tax on dividends as higher rate from equity investments discourage investment in the capital market. Pakistan Stock Exchange (PSX)... Read more »

PSX proposes reduction of withholding tax on margin financing transactions

KARACHI: Pakistan Stock Exchange (PSX) has proposed to reduce the rate of withholding tax in the gross income earned on margin financing transactions to 2.5 percent from existing 10 percent. The PSX... Read more »