Income Tax Ordinance 2001: requirement of wealth statement

KARACHI: A taxpayer is required to submit wealth statement along with annual income return. Federal Board of Revenue (FBR) recently updated Income Tax Ordinance, 2001 and explained the requirement of wealth statement... Read more »

Rupee gains in early trading on investment announcement

KARACHI; The Pak Rupee gained two paisas against US dollar in early day trading on Thursday on the announcement of huge investment by Saudi government. Read more »

PTCL customers to get discount on Careem rides

KARACHI: Pakistan Telecommunication Company Limited (PTCL) collaborates with Careem to offer discounts on rides for its customers across Pakistan. Read more »

Allied Bank declares Rs12.88 billion profit after tax for year 2018

KARACHI: Allied Bank Limited on Wednesday declared Rs12.88 billion profit after tax for the year 2018, which was 1.15 percent higher than the profit of Rs12.733 billion in the preceding year. Read more »

Rupee maintains level against dollar in early trading

KARACHI: The Pak Rupee has started the day by maintaining its value against dollar on Wednesday, dealers said. The dollar was being traded at Rs138.91 in early day trading in interbank foreign... Read more »

KSE-100 index gains 270 points amid selling pressure

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 270 points on Tuesday amid selling pressure in blue chip scrips. Read more »

Rupee gains two paisas amid foreign inflow hopes

KARACHI: Pak Rupee gained two paisas against US dollar on Tuesday as market anticipated foreign inflows. Read more »

CDC launches electronic voting service for companies

KARACHI: Central Depository Company (CDC) of Pakistan has launched electronic voting service for shareholders of companies to elect directors in a paperless regime. Read more »

FBR notifies elimination, reduction of regulatory duties on several raw materials; issues SRO

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday notified elimination and reduction of regulatory duties on import of various raw materials used by manufacturing sector. Read more »

Rupee recovers against dollar in early trading

KARACHI: The Pak Rupee recovered six paisas against US dollar in early trading on Tuesday, dealers said. Read more »

Moody’s downgrades rating for Pakistan banks

KARACHI: Moody’s Investors Service has changed its outlook for the banking system in Pakistan (B3 negative) to negative from stable. Read more »

Equity market erodes by 591 points despite encouraging reports from UAE

KARACHI: The equity marked eroded by 561 points on Monday despite positing new from Government Summit in the UAE. Read more »