Imran Khan for monitoring accountants, lawyers to stop financial crimes

Sep 24

Finance

Imran Khan for monitoring accountants, lawyers to stop financial crimes

ISLAMABAD: The ‘enablers’ of corruption and bribery, such as accountants, lawyers and other intermediaries, must be closely regulated, monitored and held accountable, said Prime Minister Imran Khan said on Thursday. He was addressing through video link at the Launch of the Interim Report of the High-Level Panel on International Financial Accountability, Transparency and Integrity (FACTI) […]

by Mrs. Anjum Shahnawaz

PTA asks TikTok to block immoral content

Sep 24

IT & Telecom

PTA asks TikTok to block immoral content

ISLAMABAD: Pakistan Telecommunication Authority (PTA) has asked administration of TikTok platform to block/remove immoral and vulgar content for viewership in Pakistan. In a statement issued on Thursday, the telecom authority asked TikTok platform to immediately block vulgar, inducement, immoral, nude content for viewership in Pakistan. The PTA has done so keeping in view the negative […]

by Mrs. Anjum Shahnawaz

CCP raids cement manufacturers association for possible cartelization

Sep 24

Trade & Industry

CCP raids cement manufacturers association for possible cartelization

ISLAMABAD: The Competition Commission of Pakistan (CCP) on Thursday raided the central office of All Pakistan Cement Manufacturers Association (APCMA) and seized suspicious record. In a statement the CCP said that as part of an enquiry launched in May 2020 to investigate the possible anti-competitive activities by the cement manufacturers, carried out a search and […]

by Mrs. Anjum Shahnawaz

Sep 24

Money & Banking

Rupee gains 26 paisas on inflows

KARACHI: The Pak Rupee gained 26 paisas against dollar on Thursday owing to better inflows and surplus current account balance. The rupee ended Rs165.96 to the dollar from previous day’s closing of Rs166.22 in interbank foreign exchange market. Currency experts said that sentiments in the market were remained positive due to surplus in current account […]

by Mrs. Anjum Shahnawaz

Foreign exchange reserves ease to $19.904 billion

Sep 24

Finance

Foreign exchange reserves ease to $19.904 billion

KARACHI: The liquid foreign exchange reserves of the country fell by $55 million to $19.904 billion by week ended September 18, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $19.959 billion by week ended September 11, 2020. The foreign exchange reserves held by the central […]

by Mrs. Anjum Shahnawaz

Index slips by 70 points amid heavy selling

Sep 24

Stock & Commodity

Index slips by 70 points amid heavy selling

KARACHI: The stock market fell by 70 points on Thursday as the market witnessed heavy selling during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,806 points as against 41,876 points showing a decline of 70 points. Analysts at Arif Habib Limited said that the market had a field day […]

by Mrs. Anjum Shahnawaz

SBP relaxes 100pc cash margin condition on import of certain raw materials

Sep 24

Money & Banking

SBP relaxes 100pc cash margin condition on import of certain raw materials

KARACHI: The State Bank of Pakistan (SBP) on Thursday relaxed the condition of 100 percent cash margin requirement on import of certain raw materials. A statement issued by the SBP stated that it had eased 100 percent cash margin requirement on the import of certain raw materials to support manufacturing and industrial sectors and further […]

by Faisal Shahnawaz

Fake, flying invoices: IR intelligence unearths mega sales tax evasion

Sep 24

Taxation

Fake, flying invoices: IR intelligence unearths mega sales tax evasion

ISLAMABAD: The Directorate of Intelligence and Investigation, Inland Revenue, Faisalabad has unearthed huge sales tax evasion and arrested culprits for issuing fake and flying invoices. A spokesman of Federal Board of Revenue (FBR) on Wednesday said that I&I IR Faisalabad had arrested proprietor of M/s SAYTEX INTERNATIONAL, one of the major culprits running the racket […]

by Mrs. Anjum Shahnawaz