Mobile phones worth Rs51.24 billion imported in July – August

KARACHI: The country has imported mobile phones worth Rs51.24 billion during first two months of current fiscal year due to rising digital services in the wake of coronavirus pandemic. The import of mobile phone grew by 98 percent to Rs51.24 billion during July – August 2020 as compared with Rs25.9 billion in the same period […]

by Mrs. Anjum Shahnawaz

Textile exports fall to $2.28bn in July-August

Sep 20

Finance

Textile exports fall to $2.28bn in July-August

KARACHI: Textile exports have fallen by one percent to $2.28 billion during first two months of current fiscal year as compared with $2.3 billion in the corresponding period of the last fiscal year, according to data released by Pakistan Bureau of Statistics (PBS). Major component of textile exports have witnessed growth during the period. The […]

by Mrs. Anjum Shahnawaz

71pc return filing companies declare income below Rs500,000

Sep 20

Taxation

71pc return filing companies declare income below Rs500,000

ISLAMABAD: Federal Board of Revenue (FBR) has said that around 71 percent return filing corporate entities have declared income less than Rs500,000. According to director for tax year 2018 issued by the FBR on September 18, 2020 revealed that only 44,609 companies had filed their returns for the year. As per Income Tax Ordinance, 2001 […]

by Mrs. Anjum Shahnawaz

Iran ready for barter trade with Pakistan

Sep 20

Trade & Industry

Iran ready for barter trade with Pakistan

KARACHI: Iran is ready for barter trade with Pakistan to strengthen the economic ties between the two neighboring countries. Iranian Consul General Reza Nazeri has stressed the need for strengthening trade ties between two neighboring countries, saying Iran is ready for barter trade and it will export petrochemical, steel and LPG to Pakistan while importing […]

by Mrs. Anjum Shahnawaz