Apr 12

Bank timings during Ramazan-ul-Mubarak

KARACHI: The State Bank of Pakistan (SBP) on Monday issued bank office and business hours during Ramazan-ul-Mubarak 1442 A. H.. The SBP said that the SBP will observe the following office hours during the month of Ramazan-ul-Mubarak, which will also be followed by all bank, Development Financial Institutions and Microfinance Banks. The bank office timings […]

by Mrs. Anjum Shahnawaz

Taxpayers not to worry on system generated past six years audit notices: CCIR

Apr 12

Taxation, Trade & Industry

Taxpayers not to worry on system generated past six years audit notices: CCIR

KARACHI: Taxpayers should not worry on audit notices of past six years as most of those were system generated and Federal Board of Revenue (FBR) is trying to resolve the issue, a top FBR officials said on Monday. While discussing tax issues at Karachi Chamber of Commerce and Industry (KCCI), Dr. Aftab Imam, Chief Commissioner […]

by Mrs. Anjum Shahnawaz

Equity market falls by 208 points on imposing lockdown proposal

Apr 12

Stock & Commodity

Equity market falls by 208 points on imposing lockdown proposal

KARACHI: The equity market witnessed a decline of 208 points on Monday after possibility of imposition of lockdown in the light of NCOC proposal, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,978 points as against last Friday’s closing of 45,186 points showing a decline of 208 points. Analysts at […]

by Mrs. Anjum Shahnawaz

SBP governor highlights measures to boost debt, capital markets

Apr 12

Stock & Commodity

SBP governor highlights measures to boost debt, capital markets

KARACHI: Dr. Reza Baqir, Governor, State Bank of Pakistan (SBP) has highlighted measures taken by the central bank to boost the debt and capital markets of the country. He was addressing at the Gong Ceremony to mark the beginning of a new chapter of cooperation between SBP and Pakistan Stock Exchange (PSX) on multiple initiatives. […]

by Mrs. Anjum Shahnawaz

Apr 12

Money & Banking

Rupee gains 19 paisas against dollar

KARACHI: The Pak Rupee gained 19 paisas to close Rs152.75 against the dollar on Monday owing to lower demand for import payment. The rupee maintained gaining momentum against the dollar. The rupee was closed last Friday at Rs152.94 to the dollar in the interbank foreign exchange market. Currency experts said that due to high number […]

by Mrs. Anjum Shahnawaz

Apr 12

Money & Banking

Bank holiday for Zakat deduction

KARACHI: Banks shall remain closed on the first day of Ramaza-ul-Mubarak 1442 A. H. for deduction of Zakat. The Stat Bank of Pakistan (SBP) in a notification issued on Monday said that SBP will remain closed for public dealing on 1st Ramadan-ul-Mubarak, 1442 A.H., which shall be observed as “Bank Holiday” for the purpose of […]

by Mrs. Anjum Shahnawaz

SECP warns Sindh Bank against false trading

Apr 12

Money & Banking, Stock & Commodity

SECP warns Sindh Bank against false trading

KARACHI: Securities and Exchange Commission of Pakistan (SECP) has identified false trading by Sindh Bank Limited (SBL) and warned the bank against such activities in future. The SECP said that with reference to correspondence exchanged between SECP and the bank regarding various trades carried out by SBL in ready market during the period from January […]

by Mrs. Anjum Shahnawaz

Workers’ remittances grow to $21.47bn in first nine months

Apr 12

Money & Banking

Workers’ remittances grow to $21.47bn in first nine months

KARACHI: The inflow of workers’ remittances has registered 26 percent growth to $21.47 billion during first nine months (July – March) 2020/2021, State Bank of Pakistan (SBP) said on Monday. The inflow of remittances was $17 billion during the same period of the last fiscal year. The SBP said that workers’ remittances extended their unprecedented […]

by Mrs. Anjum Shahnawaz