Dec 24

MCC Quetta to auction 135 motor vehicles on December 28

KARACHI: Model Customs Collectorate (MCC) Quetta has announced auction of 135 motor vehicles on December 28, 2020. Following vehicles will be presented at the auction: 1. Toyota Mark X, Chassis No. GRX120-0037293, Engine Type 4GR-FSE, Model 2005, 2500-CC, Color White. 2. Nissan X Trail Jeep, Chassis No. NT30-020555, Model 2001, Color White. 3. Nissan X […]

by Mrs. Anjum Shahnawaz

SBP launches survey to analyze trends in remittances

Dec 24

Money & Banking

SBP launches survey to analyze trends in remittances

KARACHI: State Bank of Pakistan (SBP) on Thursday launched a survey of Overseas Pakistanis to analyze recent trends in remittances and the future outlook. The central bank launched the survey in collaboration with Ministry of Planning, Development and Special Initiatives (MPD&SI). The survey will be available to all Overseas Pakistanis globally till January 9, 2021. […]

by Mrs. Anjum Shahnawaz

ECC approves issuance of $500 million Eurobonds

Dec 24

Finance

ECC approves issuance of $500 million Eurobonds

The Economic Coordination Committee of the Cabinet (ECC) convened on Thursday and granted preliminary approval for the issuance of $500 million Eurobonds, marking a significant move to secure financial resources for critical national projects.

by Mrs. Anjum Shahnawaz

Foreign exchange reserves fall by $67 million

Dec 24

Finance

Foreign exchange reserves fall by $67 million

KARACHI: The foreign exchange reserves of the country fell by $67 million to $20.313 billion by week ended December 18, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $20.380 billion by week ended December 11, 2020. The official reserves of the SBP fell by $83 […]

by Mrs. Anjum Shahnawaz

Share market gains 329 points in mixed trading

Dec 24

Stock & Commodity

Share market gains 329 points in mixed trading

KARACHI: The share market gained 329 points on Thursday owing to mixed trading activities during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 43,417 points as against previous day’s closing of 43,088 points showing an increase of 329 points. Analysts at Arif Habib Limited said that last day of the […]

by Mrs. Anjum Shahnawaz

Dec 24

Money & Banking

Rupee gains 23 paisas against dollar

KARACHI: The Pak Rupee gained 23 paisas against the dollar on Thursday on sufficient supply of the greenback to meet import and corporate demands, dealers said. The rupee ended Rs160.32 to the dollar from the previous day’s close of Rs160.55 in the interbank foreign exchange market. The dealers said that the rupee was appreciated after […]

by Mrs. Anjum Shahnawaz

IR offices to observe extended working hours on December 31

Dec 24

Taxation

IR offices to observe extended working hours on December 31

The Federal Board of Revenue (FBR) announced on Thursday that the offices of Inland Revenue will extend their working hours on December 31, 2020, until midnight.

by Mrs. Anjum Shahnawaz

FBR approves concession on electricity, gas supply to manufacturers

Dec 24

Taxation

FBR approves concession on electricity, gas supply to manufacturers

The Federal Board of Revenue (FBR) has given its approval for a concessionary regime on the supply of electricity and gas to manufacturing units. The decision, announced in a notification issued on Wednesday, is set to benefit manufacturers and exporters who have been availing the zero-rating of sales tax under the rescinded SRO 1125(I)/2011 dated […]

by Mrs. Anjum Shahnawaz

Customs auctions big lot of non-duty paid vehicles on December 26

Dec 24

Auction, Pakistan Customs

Customs auctions big lot of non-duty paid vehicles on December 26

KARACHI: Pakistan Customs has announced auction of a big lot of non-duty paid (NDP) and confiscated vehicles on December 26, 2020 at State Warehouses Model Customs Collectorates (MCC) Hyderabad and Sukkur. Following is the list of vehicles to be presented for the auction: 01. Premio Car, Reg. No. ALP-100, Chassis No. NZT240-0049126, HP-1496 CC, Model-2003. […]

by Mrs. Anjum Shahnawaz