FBR needs 45.5 percent collection growth in second half to achieve annual target

ISLAMABAD: Federal Board of Revenue (FBR) needs to collect tax at a difficult growth rate of 45.5 percent in remaining half (January – June) of fiscal year 2020/2021 to achieve full year... Read more »

Share market welcomes New Year with 678 points gain

KARACHI: The share market on Friday welcomed the New Year with a bull run by gaining 678 points on the back of date extension to an amnesty for construction industry and hopes... Read more »

CDC launches fintech initiative for AMCs

KARACHI: Central Depository Company (CDC) of Pakistan Limited, through its subsidiary ITMinds Limited, has launched the pilot version of a digital platform for the support of the Mutual Fund industry, a statement... Read more »

PTCL license expires

KARACHI: The business operation license of Pakistan Communication Company Limited (PTCL) expired on December 31, 2020 and the company is in discussions with the regulator for the renewal, a statement said on... Read more »

Headline inflation contracts to 8.63 percent in first half

ISLAMABAD: The average headline inflation based on Consumer Price Index (CPI) contracted to 8.63 percent during the first half (July – December) of the current fiscal year, Pakistan Bureau of Statistics (PBS)... Read more »

FBR clarifies date extension to incentive package for construction industry

ISLAMABAD: Federal Board of Revenue (FBR) on Thursday issued clarification regarding extension to Prime Minister’s incentive package for construction industry. The FBR said that immunity from disclosure of investment and fixed tax... Read more »

SECP issues requirement for digital account opening by AMCs

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Thursday issued criteria for opening of digital accounts for Pakistani individual customers by Asset Management Companies (AMCs). Following is minimum criteria for... Read more »