FBR notifies rules to launch authorized economic operator program

ISLAMABAD: Federal Board of Revenue (FBR) has notified rules to launch Authorized Economic Operator (AEO) program to improve trade and business environment in the country. The AEO was launched by inserting Section 212A was inserted in the Customs Act, 1969 through the Finance Act, 2018. The FBR now issued AEO rules vide SRO 798 (I) […]

by Mrs. Anjum Shahnawaz

Headline inflation increases by 8.2pc in August

Sep 1

Finance

Headline inflation increases by 8.2pc in August

ISLAMABAD: The headline inflation based on Consumer Price Index (CPI) increased by 8.2 percent on Year on Year (YoY) basis in August 2020 as compared to an increase in 9.3 percent in the previous month, Pakistan Bureau of Statistics (PBS) said on Tuesday. The inflation was also lower than 10.5 percent recorded in August 2019. […]

by Mrs. Anjum Shahnawaz

Stock market gains 266 points on improved trading in cement, chemical sectors

Sep 1

Stock & Commodity

Stock market gains 266 points on improved trading in cement, chemical sectors

KARACHI: Stock market gained 266 points on Tuesday owing to improved trading activities in cement and chemical sectors. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,377 points as against 41,111 points showing an increase of 266 points. Analysts at Arif Habib Limited said that the market continued the bull run by […]

by Mrs. Anjum Shahnawaz

PSO declares annual loss of Rs6.46 billion

Sep 1

Corporate, Energy

PSO declares annual loss of Rs6.46 billion

KARACHI: Pakistan State Oil Company Limited (PSO) on Tuesday declared Rs6.46 billion loss for the year ended June 30, 2020, according to financial results of the company submitted to Pakistan Stock Exchange (PSX). The company posted Rs10.56 billion after tax profit for the year ended June 30, 2019. The company recorded sales of Rs1,108 billion […]

by Mrs. Anjum Shahnawaz

FBR revenue collection growth flat at Rs593bn in first two months of FY21

Sep 1

Taxation

FBR revenue collection growth flat at Rs593bn in first two months of FY21

ISLAMABAD: The growth in revenue collection by Federal Board of Revenue (FBR) was remained flat at Rs593 billion during July – August of current fiscal year FY21 as compared with Rs582 billion in the corresponding month of the last fiscal year. However, the FBR on Monday said that it had surpassed the revenue collection target […]

by Mrs. Anjum Shahnawaz