Pakistan is on the verge of achieving its export target of $27 billion for the current fiscal year, as affirmed by Abdul Razak Dawood, the Adviser for Commerce, Textile, Industry & Production, and Investment.
(more…)Author: Hamza Shahnawaz
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Exemption to judges of superior courts under Income Tax Ordinance 2001
Income Tax Ordinance, 2001 has granted various exemption to judges of superior courts on their earnings, according to official sources.
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Weekly Review: equity market to move with mini-budget announcement
Weekly Review: The equity market in Pakistan is poised for significant movement in the coming week, primarily revolving around key developments, including the presentation of a mini-budget on January 23, 2019.
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Applicable duty, tax rates on mobile phones
Applicable rates of duty and tax on mobile phones have been unveiled for the payment at the import stage and collected by Pakistan Customs.
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KSE-100 gains 63 points in mixed trading
The benchmark KSE-100 index displayed a mixed trading session on Friday, ultimately closing with a modest gain of 63 points, reaching a level of 39,306 points compared to the previous day’s closing at 39,244 points.
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Rupee strengthens on shrinking current account deficit
The Pakistani Rupee exhibited strength against the US Dollar on Friday, gaining five paisas in the interbank foreign exchange market, with the exchange rate closing at Rs138.84 to the dollar.
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Ikram Sehgal appointed as K-Electric new chairman
The board of directors of K-Electric announced the appointment of Ikram Sehgal as Director and Chairman of the company. This decision comes following the cessation of Muhammad Tayyab Tareen’s role as Director and Chairman, effective January 18, 2019.
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Canada, Pakistan have potential to further grow trade ties
Canada and Pakistan have potential to further grow their trade ties, said Canadian Deputy High Commissioner, Ms. Wendy Gilmour while expressing her optimism.
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Govt. agrees to abolish withholding tax on cash withdrawal: KCCI
KARACHI: The government has agreed to abolish the withholding tax on cash withdrawals from bank accounts by filers.
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