Author: Anjum Shahnawaz
Remittances remain above $2 billion for 12th straight month
KARACHI: The inflow of workers’ remittances continued their exceptional streak in May 2021, remaining above $2 billion for a record 12th straight month, State Bank of Pakistan (SBP) said on Thursday. […]
SECP suggests measures to document real estate sector
ISLAMABAD: Securities and Exchange Commission (SECP) has submitted its tax proposals for budget 2021/2022 for documenting real estate sector and promotion of Real Estate Investment Trusts (REITs). The SECP submitted […]
KCCI welcomes appointments of appellate tribunal members
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) on Tuesday welcomed the decision to appoint members of appellate tribunals. Shariq Vohra, President, KCCI in a statement congratulated the Justice of […]
FBR urged to issue FTNs against withholding tax deduction
KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to issue Fee Tax Numbers (FTNs) to persons who are not liable for withholding tax. In its proposals for […]
Measures proposed to curb under invoicing by commercial importers
KARACHI: Pakistan Business Council (PBC) has recommended the authorities to take additional measures to stop massive under invoicing by commercial importers. In its proposals for the budget 2021/2022, the PBC […]
Stock market ends down by 33 points on profit booking
KARACHI: The stock market fell by 33 points on Thursday owing to profit booking in major scripts during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed […]
FBR issues rules for carry forward capital losses by listed securities
ISLAMABAD: The Federal Board of Revenue (FBR) on Tuesday issued draft rules for tax treatment on capital loss on disposal of listed securities. The FBR issues SRO 639(I)/2021 to make […]
KE privatization was policy mistake
KARACHI: Privatizing an integrating and monopoly provider of an essential service (i.e. electricity) to over 20 million people was a policy mistake, said a letter written by an advisor to […]
PLGMEA disowns FPCCI advertisement
KARACHI: Pakistan Leather Garments Manufacturers and Exporters Association (PLGMEA) on Tuesday disowned itself from an advertisement issued by the country’s apex trade body. PLGMEA Chairman Danish Khan has strongly condemned […]
Rupee falls by 34 paisas against dollar
KARACHI: The Pak Rupee fell by 34 paisas against the dollar on Monday owing to demand for import and corporate payments. The rupee ended Rs153.70 to the dollar from last […]