Aug 31

Stock market gains 55 points amid selling pressure

KARACHI: The stock exchange gained 55 points on Monday amid selling pressure seen in banks and fertilizer sectors, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,111 points as against 41,056 points showing an increase of 55 points. Analysts at Arif Habib Limited said that the market gained a total […]

by Mrs. Anjum Shahnawaz

SBP issues instructions to banks on sugar import

Aug 31

Money & Banking

SBP issues instructions to banks on sugar import

KARACHI: State Bank of Pakistan (SBP) on Monday issued instructions to banks regarding import of sugar by private importers. The central bank said that the ministry of commerce had issued a public notice stating that the government had allowed import of 200,000 tons of white sugar by private importers as per the terms and conditions […]

by Mrs. Anjum Shahnawaz

FBR launches action against suspicious transactions to comply FATF requirement

Aug 31

Taxation

FBR launches action against suspicious transactions to comply FATF requirement

ISLAMABAD: Federal Board of Revenue (FBR) has launched action against suspicious transactions to curb money laundering in order to meet the requirement of Financial Action Task Force (FATF). A statement said that the Directorate General Intelligence and Investigation has initiated a vigorous campaign against Anti-Money Laundering, targeting suspected persons having suspicious banking transactions. Suspicious Transactions […]

by Mrs. Anjum Shahnawaz

FBR issues list of businesses located in eight cities for mandatory income tax integration

Aug 31

Taxation

FBR issues list of businesses located in eight cities for mandatory income tax integration

ISLAMABAD: Federal Board of Revenue (FBR) issued list of business located at eight major cities of the country for making mandatory the online integration under income tax laws. The FBR issued SRO 779(I)/2020 to amend Income Tax Rules 2002 and made mandatory for business located in eight major cities including Karachi, Lahore, Islamabad, Rawalpindi, Faisalabad, […]

by Mrs. Anjum Shahnawaz