KARACHI – The imposition of restrictions on sales tax collection for telephone services by the Supreme Court of Pakistan has had a detrimental impact on overall revenue collection, as stated by Khalid Mahmood, Chairman of the Sindh Revenue Board (SRB).
(more…)Author: Hamza Shahnawaz
-
Expected relief in mini-budget keeps equity market bullish
KARACHI – The Pakistan Stock Exchange (PSX) remained in a bullish mode on Tuesday as investors held optimistic expectations regarding the upcoming mini-budget or economic reform package.
(more…) -
Rupee falls by 10 paisas on high import demand
KARACHI – The Pakistani Rupee witnessed a 10-paisa decline against the US Dollar on Tuesday, primarily driven by surging demand for imports and contract payments.
(more…) -
All Measures Will Be Taken Against Infiltration of Commodity Based Disease Into Pakistan: Quarantine Department
KARACHI – Dr. Falak Naz, the Director General (Quarantine) of the Department of Plant Protection (DPP), pledged to take all necessary measures to protect Pakistan from the infiltration of diseases through imported commodities.
(more…) -
Procedure to avail reduced income tax rate on import of raw material
KARACHI – The Federal Board of Revenue (FBR) has introduced a streamlined procedure for taxpayers to apply for the reduced rate of withholding income tax on the import of raw materials through the online system, Iris.
(more…) -
Rupee weakens in early trade
KARACHI- The Pakistani Rupee (PKR) faced a minor setback in early trade as it weakened by two paisas against the US Dollar (USD).
(more…) -
Attock Cement announces completion of Iraq project
Attock Cement Pakistan Limited (ACPL) has announced significant progress on its project in Iraq, confirming that the project is now at the commissioning stage. The company is set to begin production in the near future, marking a major milestone in their international expansion endeavors.
(more…) -
NCCPL asks PSX members to pay CGT by Jan 30
The National Clearing Company of Pakistan Limited (NCCPL) has issued a notification to all members of the Pakistan Stock Exchange (PSX) and participants in the commodity market, including the Pakistan Mercantile Exchange and Mutual Funds, urging them to fulfill their Capital Gain Tax (CGT) obligations for the month of December 2018 by January 30, 2019.
(more…) -
PIA starts Sialkot to Paris, Barcelona flight operation
Pakistan International Airlines (PIA) has added another feather to its cap by launching flight operations between Sialkot, Pakistan, and two major European destinations, Paris and Barcelona.
(more…) -
Two LNG ships arrive at Port Qasim
KARACHI: At least two liquefied natural gas (LNG) ships have arrived for the first time at Port Muhammad Bin Qasim. This monumental event has been confirmed by the Federal Minister for Maritime Affairs, Ali Haider Zaidi, marking a crucial development in Pakistan’s efforts to bolster its energy supply.
(more…)