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…)Author: Hamza Shahnawaz
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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.
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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.
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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).
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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.
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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.
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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.
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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.
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Export target of $27 billion to be achieved: Razak Dawood
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.
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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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