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... Read more »

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... Read more »

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,... Read more »

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... Read more »

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... Read more »

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... Read more »

PTA renews PTCL’s license for next 25 years

KARACHI:  Pakistan Telecommunication Authority (PTA) on Wednesday renewed operation license of Pakistan Telecommunication Company Limited (PTCL) for next 25 years. The business operation license of PTCL was expired on December 31, 2020... Read more »

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... Read more »

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... Read more »

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... Read more »