Dec 19

APTMA protests against FBR’s coercive action

LAHORE: All Pakistan Textile Mills Association (APTMA) has demanded the government of stopping coercive action initiated by the Federal Board of Revenue (FBR) and withdraw cases lodged against exporters and manufactures. In a statement issued on Saturday, APTMA chairman Adil Bashir said that Prime Minister of Pakistan was all out to support the export-oriented sectors […]

by Mrs. Anjum Shahnawaz

SBP sets target of 20 million women bank accounts by 2023

Dec 19

Money & Banking

SBP sets target of 20 million women bank accounts by 2023

KARACHI: The State Bank of Pakistan (SBP) has set a target of 20 million women bank accounts by year 2023 in order to reduce the gender gap in financial inclusion, a statement said on Saturday. The SBP said that women’s access to financial and economic opportunities is essential for sustainable and inclusive economic growth. However, […]

by Mrs. Anjum Shahnawaz

FBR updates rates of duty, tax on import of vehicles

Dec 19

Automotive, Pakistan Customs, PkRevenue Channel

FBR updates rates of duty, tax on import of vehicles

ISLAMABAD: Federal Board of Revenue (FBR) has issued updated rates of duty and tax for customs clearance of imported vehicle. The Federal Government of Pakistan has extended various benefits / exemptions to the taxpayers for importing vehicles, according to updated rates up to June 30, 2020. The details concessions / exemptions are given as under:- […]

by Mrs. Anjum Shahnawaz

Pakistan pays Rs119.22 billion for import of mobile phones

Dec 19

IT & Telecom

Pakistan pays Rs119.22 billion for import of mobile phones

ISLAMABAD: Pakistan has paid Rs119.22 billion for import of mobile phones during the first five months (July – November) of 2020/2021 owing to high demand for online financial transactions in the wake of coronavirus. According to data released by Pakistan Bureau of Statistics (PBS), the import of mobile phones surged by 53 percent to Rs119.22 […]

by Mrs. Anjum Shahnawaz

Car import surges by 194 percent in five months

Dec 19

Automotive

Car import surges by 194 percent in five months

ISLAMABAD: The Import of motor cars in Completely Built Unit (CBU) has surged by 194 percent during the first five months (July – November) of the current fiscal year owing to ease in travel restrictions that were imposed due to the coronavirus pandemic. According to the Pakistan Bureau of Statistics (PBS), the import of cars […]

by Mrs. Anjum Shahnawaz

Pakistan’s knitwear export jumps up by 14.34 percent in five months

Dec 19

Finance

Pakistan’s knitwear export jumps up by 14.34 percent in five months

KARACHI: Pakistan’s knitwear export has jumped up by 14.34 percent to $1.51 billion during the first five months (July – November) of the current fiscal year, according to data released by Pakistan Bureau of Statistics (PBS) on Friday. The export of knitwear was at $1.32 billion during the same period of the last fiscal year. […]

by Mrs. Anjum Shahnawaz

Dec 19

Stock & Commodity

Weekly Review: market likely to extend bull-run

KARACHI: The stock market likely to extend its bull run on the back of easing in political noise. Further, vaccine for coronavirus may also help in boosting investors’ sentiments. Analysts at Arif Habib Limited said that the index is expected to continue extending its bull run on the back of diluting political noise. Moreover the […]

by Mrs. Anjum Shahnawaz