Sep 29

Share market gains 463 points amid selling pressure

KARACHI: The share market witnessed gain of 463 points on Tuesday amid selling pressure seen during the trading. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 41,204 points as against 40,741 points showing an increase of 463 points. Analysts at Arif Habib Limited said that settlement ratios from last week’s roll-over activity […]

by Mrs. Anjum Shahnawaz

FBR issues return forms in regional languages to facilitate small traders

Sep 29

Taxation

FBR issues return forms in regional languages to facilitate small traders

ISLAMABAD: Federal Board of Revenue (FBR) has issued income tax return forms in regional languages in order to facilitate small traders and shopkeepers, a spokesman said on Tuesday. The spokesman said that according to vision of the Prime Minister and directives of the advisor to prime minister on finance and revenue the FBR had issued […]

by Mrs. Anjum Shahnawaz

Rupee ends firmer amid dollar demand for import, corporate payments

Sep 29

Money & Banking

Rupee ends firmer amid dollar demand for import, corporate payments

KARACHI: The rupee ended firmer against dollar on Tuesday amid demand of the foreign currency for import and corporate payments. The rupee ended Rs165.88 to the dollar from previous day’s closing of Rs165.89 in interbank foreign exchange market. Currency experts said that the demand for the greenback was remained higher form importers. Besides, due to […]

by Mrs. Anjum Shahnawaz

FBR may extend date for filing income tax return

Sep 29

Taxation

FBR may extend date for filing income tax return

ISLAMABAD: Federal Board of Revenue (FBR) is likely to grant first date extension for filing income tax return for tax year 2020. The last date for filing return of income and wealth statements for tax year 2020 is September 30, 2020 for salaried persons, business individuals, Association of Persons (AOPs) and companies having special year. […]

by Mrs. Anjum Shahnawaz

OGDCL declares over 15 percent decline in annual profit

Sep 28

Corporate, Energy

OGDCL declares over 15 percent decline in annual profit

KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announce financial results and declared over 15 percent decline in annual profit mainly because of lower sales during the year. In its financial results submitted to Pakistan Stock Exchange (PSX), the company declared Rs100 billion after tax profit for the year ended June 30, 2020 […]

by Mrs. Anjum Shahnawaz

List of companies for pre-shipment inspection under import policy

Sep 28

Ports and Shipping

List of companies for pre-shipment inspection under import policy

ISLAMABAD: The ministry of commerce has issued list of companies for pre-shipment inspection as envisaged in different provisions of Import Policy Order, 2020 shall be done in the exporting country. The ministry issued SRO 902(I)/2020 dated September 25, 2020 to notify the Import Policy Order 2020. Following are the name of the companies under Appendix-H […]

by Mrs. Anjum Shahnawaz

Stock market plunges by 960 points on political uncertainty

Sep 28

Stock & Commodity

Stock market plunges by 960 points on political uncertainty

The stock market witnessed a significant downturn on Monday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) plunging by 960 points amid mounting political uncertainty following the arrest of an opposition leader.

by Mrs. Anjum Shahnawaz

Rupee ends down by 10 paisas on import payment

Sep 28

Money & Banking

Rupee ends down by 10 paisas on import payment

KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Monday owing to demand for import and corporate payments, dealers said. The rupee ended Rs165.89 to the dollar from last Friday’s closing of Rs165.79 in the interbank foreign exchange market. The currency dealers said that the rupee was under pressure during the day […]

by Mrs. Anjum Shahnawaz

Agha Steel signs Rs10 billion worth sale agreement with Horizon Steel

Sep 28

Corporate

Agha Steel signs Rs10 billion worth sale agreement with Horizon Steel

KARACHI: Agha Steel Industries is going to sell 100,000 metric tons of low-carbon billets worth approximately Rs 10 billion per annum to Horizon Steel. The two companies have signed a memorandum of understanding (MoU) that ensures Agha Steel will reliably supply the intermediate steel product that the downstream steel industry uses as raw material. “Thanks […]

by Mrs. Anjum Shahnawaz