ISLAMABAD: The Federal Board of Revenue (FBR) has received 2.3 million income tax returns for the tax year 2020 by December 31, 2020, according to an official statement released on Friday.
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 revenue collection target of Rs4,963 billion. According to provision figures released by the FBR on Friday the net collection for the first half […]
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 of resolution of debt circular. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44.435 points as compared with previous day’s […]
Central Depository Company
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 said on Friday. This platform, named as “Emlaak Financials”, will function as a digital distribution channel initially for Mutual Funds and later on […]
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 Friday. According to a communication sent to Pakistan Stock Exchange (PSX), the PTCL said that the integrated license was issued for 25 years […]
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) said on Friday. The average inflation during the same half of the last fiscal year was 11.11 percent, it added. Whereas the average […]
The Federal Board of Revenue (FBR) issued a clarification on Thursday, shedding light on the extension of the Prime Minister’s incentive package for the construction industry.
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 opening of digital accounts for Pakistani Individuals by AMCs: Eligible customers; 01. Pakistani individual customers having: i. an active account at any bank/active […]