Aug 27

Stock market gains 219 points amid mixed trading

KARACHI: The stock market gained 219 points on Thursday amid mixed trading activities. The Index closed at 41,082pts as against 40,863pts showing an increase of 219pts. Analysts at Arif Habib Limited said that the market added another 414pts during the session and closed the session +219pts. Cement and Banking sector stocks played important role today. […]

by Mrs. Anjum Shahnawaz

Rupee makes significant recovery

KARACHI: The Pak Rupee made significant recovery against the dollar on Thursday owing to inflows of export receipts and remittances. The rupee ended Rs167.43 to the dollar from previous day’s closing of Rs168.43 in interbank foreign exchange market. Currency experts said that the market sentiments improved after a scheme announced by the State Bank of […]

by Mrs. Anjum Shahnawaz

Exemption to Greenfield Industry: FBR amends sales tax rules

ISLAMABAD: Federal Board of Revenue (FBR) has notified rules for processing application to avail sales tax exemption on greenfield industry. The FBR issued SRO 777(I)/2020 to amend Sales Tax Rules 2006 and said that a registered person applying for approval of its industrial undertaking as “Greenfield Industry”, as defined in sub-clause (12A) of section 2 […]

by Mrs. Anjum Shahnawaz