Jan 13

CDC successfully processes dividends through RAAST payment gateway

KARACHI: Central Depository Company (CDC) has successfully processed the Cash dividend of “Pak Datacom Limited” through State Bank’s RAAST payment gateway, a statement said on Wednesday. It is indeed a moment to celebrate for both CDC and Pak Datacom Limited as both the companies were the first entities to utilize the services of Pakistan’s new […]

by Mrs. Anjum Shahnawaz

Stock market gains 170 points amid positive reports on banking sector

Jan 13

Stock & Commodity

Stock market gains 170 points amid positive reports on banking sector

KARACHI: The stock market gained 170 points on Wednesday on positive sentiments prevailed on a report related to banking sector. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 46,092 points as against last day’s closing of 45,922 points showing an increase of 170 points. Analysts at Arif Habib Limited said that the […]

by Mrs. Anjum Shahnawaz

FBR invites income tax proposals for budget 2021/2022

Jan 13

Budget 2021-2022, Taxation

FBR invites income tax proposals for budget 2021/2022

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday invited income tax proposals for budget 2021/2022 and asked stakeholders to submit the same by February 15, 2021. The FBR asked the tax offices, including Large Taxpayers Offices (LTOs), Medium Tax Offices (MTOs), Corporate Tax Offices (CTOs) and Regional Tax Offices (RTOs), and trade and industries that […]

by Mrs. Anjum Shahnawaz

Small traders seek FPCCI help in taxation, lockdown

Jan 13

Trade & Industry

Small traders seek FPCCI help in taxation, lockdown

KARACHI: Small traders have sought help of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in resolving their major issues including taxation and coronavirus related lockdown situation. In this regard a delegation of All Karachi Tajir Ittehad (AKTI) under the leadership of Chairman Atiq Mir visited the FPCCI to felicitate Mian Nasser Hyatt Maggo […]

by Mrs. Anjum Shahnawaz

Foreign investors contribute Rs16 billion for minimizing coronavirus impact

Jan 13

Trade & Industry

Foreign investors contribute Rs16 billion for minimizing coronavirus impact

KARACHI: The foreign investors operating in Pakistan have contributed Rs16 billion in different CSR activities and for containment of the negative impact of coronavirus. In addition to monetary contributions the CSR activities of OICCI members included investment of their employees’ time in different value adding social activities across Pakistan with the underlying commitment to uplift […]

by Mrs. Anjum Shahnawaz

Jan 13

Money & Banking

Rupee gains two paisas against dollar

KARACHI: The Pak Rupee gained two paisas against the dollar on Wednesday amid higher demand for import and corporate payments. The rupee ended Rs160.35 to the dollar from last day’s closing of Rs160.37 in the interbank foreign exchange market. Currency dealers said that the local unit saw further recovery. They said that the market witnessed […]

by Mrs. Anjum Shahnawaz

PTA renews PTCL’s license for next 25 years

Jan 13

IT & Telecom

PTA renews PTCL’s license for next 25 years

The Pakistan Telecommunication Authority (PTA) has officially renewed the operational license of the Pakistan Telecommunication Company Limited (PTCL) for the next 25 years.

by Mrs. Anjum Shahnawaz

FBR attributes export growth to incentives, facilitation

Jan 13

Taxation

FBR attributes export growth to incentives, facilitation

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that the significant growth in export was mainly due to integrated strategy for duty and tax incentives and other facilitation. The FBR has devised an Integrated Strategy which has amply contributed to significant increase in exports of Pakistan from $1.6 billion (in August, 2020) to $2.4 […]

by Mrs. Anjum Shahnawaz

Procedure for importers registration for customs clearance

Jan 13

Pakistan Customs

Procedure for importers registration for customs clearance

KARACHI: Commercial and non-commercial importers are required to get registered with Pakistan’s online WeBOC system for clearance of consignments. In order to access the online Customs portal WeBOC, the person would first have to register themselves with Federal Board of Revenue (FBR). WEBOC EXTERNAL USER REGISTRATION FORM NTN Number * STRN * Business Name * […]

by Mrs. Anjum Shahnawaz

Gas crisis: one day complete shutdown announced for captive power units

Jan 13

Energy

Gas crisis: one day complete shutdown announced for captive power units

KARACHI: The Sui Southern Gas Company Limited (SSGC) on Tuesday announced a complete shutdown of supply for industries during next 24 hours considering the ongoing gas crisis. According to a statement a 100 percent closure to be observed by captive power units of all industries including export oriented starting 0000 hours on Wednesday January 13, […]

by Mrs. Anjum Shahnawaz