MoU signed for digital platform to support Mutual Fund Industry

KARACHI: Mutual Funds Association of Pakistan (MUFAP) and Central Depository Company of Pakistan Limited (through its subsidiary ITMinds Limited) signed a Memorandum of Understanding (MoU) for the development and implementation of a... Read more »

Meezan Bank honored with many titles at CFA Awards

KARACHI: Meezan Bank has been awarded with many titles by the CFA Society of Pakistan, a member society of the CFA Institute, USA at its 17th Annual Excellence Awards ceremony held on... Read more »

FBR officials found involved in exerting political pressure in administrative matters

ISLAMABAD: Federal Board of Revenue (FBR) has taken strict notice against officials involved in exerting political influence in administrative matters. In an official note issued on Monday, the Member Admin, FBR warned... Read more »

Trade deficit increases by 2 percent in first quarter

ISLAMABAD: The trade deficit has increased by 2 percent during first quarter (July – September) 2020/2021 due to uptick in import bill. According to trade data released by Pakistan Bureau of Statistics... Read more »

SRB suspends sales tax registration of seven taxpayers

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of seven taxpayers who failed to comply with filing of returns for four consecutive tax periods. The SRB in a letter sent... Read more »

Share market plunges by around 1000 points on rising political uncertainty

KARACHI: The share market fell by around 1,000 points on Monday due to increase in headline inflation and rising uncertainty on political front. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Rupee gains 19 paisas against dollar

KARACHI: The Pak Rupee gained 19 paisas against the dollar on Monday owing to lower demand for import payment, dealers said. The rupee ended Rs164.32 to the dollar from previous closing on... Read more »