Jul 17

Share market continues gaining momentum, up by 329 points

KARACHI: The share market continued gaining momentum and increased by 329 points on Friday, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,331 points as against 37,001 points showing an increase of 329 points (+0.9 percent DoD). Market realized a gain of +353 points during the two session and closed […]

by Mrs. Anjum Shahnawaz

Rupee depreciates by 33 paisas on growing demand for imports

Jul 17

Money & Banking

Rupee depreciates by 33 paisas on growing demand for imports

KARACHI: The Pak Rupee depreciated by another 33 paisas against dollar on Friday owing to rising demand of the foreign currency for import payments. The rupee ended Rs167.33 to the dollar from previous day’s closing of Rs167.00 in interbank foreign exchange market. Currency experts said that due to economic normalcy return after ease in lockdown […]

by Mrs. Anjum Shahnawaz

FBR notifies key transfers of senior IRS officers

Jul 17

Taxation

FBR notifies key transfers of senior IRS officers

ISLAMABAD: Federal Board of Revenue (FBR) on Friday notified major transfers / postings of senior officers of Inland Revenue Service (IRS) with immediate effect. The FBR notified transfers and postings of following BS-19-22 officers of IRS: 01. Hafiz Muhammad Ali Indhar (Inland Revenue Service/BS-22) has been transferred and posted as Member, (HRM) Federal Board of […]

by Mrs. Anjum Shahnawaz

Advance tax on cable operators abolished

Jul 17

Taxation

Advance tax on cable operators abolished

ISLAMABAD: The government has abolished advance tax on cable operators and other electronic media that was collected under Income Tax Ordinance, 2001. Through Finance Act, 2020 the Section 236F of the Income Tax Ordinance, 2001 has been deleted. The Section 236F was related to advance tax on cable operators and other electronic media, officials at […]

by Mrs. Anjum Shahnawaz