KARACHI: United Bank Limited (UBL) officially communicated to the Pakistan Stock Exchange (PSX) on Tuesday that it has surrendered its New York branch license to the New York State Department of Financial Services (NYDFS) on January 28, 2019.
(more…)Author: Hamza Shahnawaz
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Rupee makes significant gain against dollar in early trade
KARACHI: The Pakistani Rupee exhibited noteworthy gains against the US Dollar in early trade on Tuesday, attributed to the shrinking current account deficit and increased foreign assistance inflows, according to market dealers.
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First meeting of reconstituted 9th NFC to be held on February 06
The eagerly anticipated first meeting of the reconstituted Ninth National Finance Commission (NFC) is scheduled to take place today, with discussions focusing on the current fiscal position of the country.
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Income tax returns, sales tax procedure to be simplified: Asad Umar
KARACHI: Finance Minister Asad Umar has expressed his resolve to simplify income tax return forms and sales tax procedure to facilitate business community.
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Equity market gains amid selling in banking sector
KARACHI: The equity market made gains on Monday amid selling was sent in shares of banking sector, analysts said.
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Rupee appreciates against US dollar
The Pakistani Rupee exhibited resilience in the interbank foreign exchange market on Monday, appreciating by another three paisas against the US Dollar.
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PIA starts monitoring of free tickets
KARACHI – Pakistan International Airlines (PIA) has initiated a comprehensive monitoring system for non-revenue passengers and government agency officials traveling on 100 percent free tickets, according to a recent notification issued by the national flag carrier.
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New policy to review 7,000 tariff lines for enhancing exports, investment: Razak Dawood
KARACHI – Abdul Razak Dawood, the Adviser to the Prime Minister on Commerce and Textile, announced on Saturday that the Pakistani government is set to review 7,000 customs tariff lines as part of a comprehensive new national tariff policy.
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Weekly Review: equity market to continue positive rally on foreign inflows
Analysts are optimistic about the Karachi Stock Exchange (KSE) maintaining its positive momentum in the coming week, buoyed by a surge in foreign investments.
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