PTCL converting exposures in local currency after Rs323 million exchange loss

Feb 14

Corporate

PTCL converting exposures in local currency after Rs323 million exchange loss

KARACHI: Pakistan Telecommunication Company Limited (PTCL) has decided to convert its exposures into Pak Rupee instead of US dollar. The management of the company shared these views at a conference call, according to analysts at Arif Habib Limited on Thursday. The company also informed that it had incurred an exchange loss of Rs323 million on […]

by Anjum Shahnawaz

Feb 14

Money & Banking

Rupee ends flat on lackluster dollar demand

KARACHI: The Pak Rupee ended flat against US dollar on Thursday amid lackluster demand for import and corporate payments.

by Anjum Shahnawaz

Feb 14

Money & Banking

SBP directs banks to display contact details to facilitate customers

KARACHI: State Bank of Pakistan (SBP) on Thursday directed all banks to display prominently contact details to facilitate customers in case of complaints and other issues.

by Anjum Shahnawaz

Feb 14

Exclusive, Money & Banking

Investment in unregistered prize bonds increases by 17pc to Rs922.78 billion

KARACHI: The investment in unregistered prize bonds has increased by 17 percent to Rs922.78 billion by month-end of December 2018 as against ending stock of Rs788.4 billion in the same month a year ago, according to debt statistics issued by State Bank of Pakistan (SBP).

by Anjum Shahnawaz

Feb 13

Money & Banking

SBP sells treasury bills worth Rs2,107.51 billion in auction

KARACHI: The State Bank of Pakistan (SBP) has raised Rs2,107.51 billion in an auction of Market Treasury Bills (MTBs) held on Wednesday.

by Anjum Shahnawaz

Feb 13

Money & Banking

Arif Usmani appointed NBP President, CEO

KARACHI: The federal government has appointed Arif Usmani as President and Chief Executive Officer (CEO) of National Bank of Pakistan (NBP), said an official note received by Pakistan Stock Exchange (PSX) on Wednesday.

by Anjum Shahnawaz

Feb 13

Taxation

Income Tax Ordinance 2001: persons not required to file annual income return

KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR).

by Anjum Shahnawaz

Feb 13

IT & Telecom

PTCL group’s revenue grows to Rs126.2 billion

KARACHI: Pakistan Telecommunication Company Limited (PTCL) Group’s revenue for the year 2018 has grown YoY by 8 percent to Rs126.2 billion as a result of positive contribution by all group companies.

by Anjum Shahnawaz

Feb 12

Trade & Industry

Production activities halt on gas shortage: FPCCI

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has said that manufacturing activities have been halted due to gas shortage in the country.

by Anjum Shahnawaz

Income Tax Ordinance 2001: requirement of filing annual return

Feb 12

Exclusive, Taxation

Income Tax Ordinance 2001: requirement of filing annual return

KARACHI: Federal Board of Revenue (FBR) has explained requirement of filing income tax returns by persons and corporate entities. The FBR recently issued updated Income Tax Ordinance, 2001 and explained the requirement of income tax returns by persons under Section 114. Section 114: Return of income (1) Subject to this Ordinance, the following persons are […]

by Anjum Shahnawaz