KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to allow withholding agents to file separate statements for salary and other than salary cases.
KARACHI: Pakistan Business Council (PBC) has recommended the government a set of reforms for bringing improvement in the energy sector. The PBC sent its recommendations to the federal minister for industries and production and proposed key reform measures for the energy sector: • Federal government to restrict its role to removing the existing bottlenecks in […]
KARACHI: The government has announced to borrow around $s4,100 billion through auction of market treasury bills (MTBs) during three months in order to meet budget financing. The State Bank of Pakistan (SBP) on Monday issued schedule for the auction of three-, six- and 12-month treasury bills. Out of scheduled sale of Rs4,100 billion treasury bills, […]
KARACHI: Sales of oil marketing companies (OMCs) recorded 57 percent increase in April 2021 over the same month of the last year. The sales of petroleum products were at 1.67 million tons in April 2021 as compared with 1.07 million in the corresponding month of the last year. Analysts at Topline Securities said that Pak […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded the government of reducing Eid holidays to three to avoid business and economic losses. The apex trade body expressed displeasure over yet another set of SOPs and Public Holidays on account of Eid-Ul-Fitr announced by NCOC without consulting business, industrial, and trade […]
ISLAMABAD: Jazz, country’s leading phone operator and fintech, has launched a Business App for its rapidly growing merchant base, a statement said on Monday. The App has state-of-the-art tools for efficient financial and business management, this app adds to the ease of doing business as small and medium business owners can kick start digital payment […]
KARACHI – The Pakistan Stock Exchange (PSX) has officially announced its closure on Friday, May 07, 2021, in observance of Juma-tul-Wida, the Last Friday of the holy month of Ramadan.
KARACHI: The share market ended down by 186 points on Monday owing to roll-over trades from April future contract. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,076 points as against last Friday’s closing of 44,262 points, showing a decline of 186 points. Analysts at Arif Habib Limited said that roll-over trades […]
KARACHI: The Pak Rupee gained nine paisas against the dollar on Monday owing to improved inflows of export receipts. The rupee ended Rs153.36 to the dollar from last Friday’s closing of Rs153.45 in the interbank foreign exchange market. Currency experts said that the inflows of export receipts helped the rupee to make gain on the […]