PIA declares Rs56 billion after tax annual loss

KARACHI: The national flag carrier, Pakistan International Airline, has declared after tax loss of Rs56 billion for the year 2019, according to financial results submitted to Pakistan Stock Exchange (PSX) on Monday.... Read more »

Share market falls by 203 points on profit taking

KARACHI: The share market fell by 203 points on Monday as investors preferred profit booking, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,805 points as against... Read more »

Foreign direct investment surges 127 percent in ten months

KARACHI: The inflow of Foreign Direct Investment (FDI) posted significant increase of 127 percent during first ten months of current fiscal year, State Bank of Pakistan (SBP) said on Monday. The FDI... Read more »

OICCI lauds SECP for improving regulatory environment

KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) has praised Securities and Exchange Commission of Pakistan (SECP) for improving regulatory environment for registered entities. In a statement on Monday the... Read more »

Rupee falls by 27 paisas on improving demand

KARACHI: The Pak Rupee fell by 27 paisas against dollar on Monday owing to higher demand for import and corporate payments. The rupee closed at Rs160.37 to the dollar from last Friday‚Äôs... Read more »

Motor vehicle tax collection plummets by 15 percent to Rs16.73 billion

ISLAMABAD: The collection of motor vehicle tax has registered 15 percent decline during first nine months of current fiscal year, according to data released by the ministry of finance. According to fiscal... Read more »

FBR proposed to ensure CPR for deposited withholding tax

KARACHI: Federal Board of Revenue (FBR) has been advised to ensure Computerized Payment Receipt (CPR) for deposited withholding tax in order to avert chances of revenue leakages. Pakistan Business Council (PBC) in... Read more »