The penalty amount, totaling Rs400 million, has been waived for the clearance of goods held up in bonded warehouses.
(more…)Author: Hamza Shahnawaz
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Rupee gains 15 paisas in midday trading on inflows of $2 billion
Rupee has gained 15 paisas against the dollar in midday trading on Friday owing to inflows of $2 billion received by Pakistan.
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Sales tax refunds: 3-year promissory notes to bear 10 percent annual profit
Obtaining Sales tax refunds has been made easy as the government decided to issue 3-year promissory notes to bear 10 percent annual profit.
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Rupee strengthens on reform package announcement
Pakistani Rupee has strengthens against the dollar on Thursday owing to reform package announcement by the government.
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KCCI hopes reform package to boost industrialization
Karachi Chamber of Commerce and Industry (KCCI) has expressed hopes that reform package to boost industrialization.
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German consul general opens PSX trading
Karachi: German Consul General Eugen Wollfarth inaugurated trading at the Pakistan Stock Exchange (PSX) on Wednesday by ringing the traditional trading bell.
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PIA starts flight operation on three more routes
Karachi – In a bid to enhance air connectivity and offer more options to travelers in the region, Pakistan International Airlines (PIA) is set to commence additional flight operations on three key routes starting next month.
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Phone tax ban hampers sales tax collection: SRB chairman
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).
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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.
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