KARACHI: Lucky Cement Limited has posted decline in profit after tax by 16 percent to Rs5.5 billion for first half of the year ended December 31, 2018 as compared with the profit of Rs6.54 billion in the same period of the last year.
(more…)Author: Mrs. Anjum Shahnawaz
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Bill focuses very low on revenue collection: former FBR Member
KARACHI: The Finance Supplementary (Second Amendment) Bill, 2019, presented by the PTI government, is perceived to have a nominal impact on revenue collection, with a predominant focus on stimulating industrial growth.
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Car loans shrink by 55.3pc on non-filers restriction: State Bank
KARACHI: Car loans in Pakistan witnessed a significant decline of 55.3 percent during the first quarter of the current fiscal year, primarily attributed to government restrictions on non-filers purchasing cars.
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Prime Minister directs FBR to focus on big tax evaders
ISLAMABAD: Prime Minister Imran Khan has directed the Federal Board of Revenue (FBR) to intensify efforts in recovering taxes from major evaders.
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British Airways will increase Pakistan’s connectivity: SAPM
ISLAMABAD: Zulfikar Bukhari, the Special Assistant to the Prime Minister on Overseas Pakistanis & Human Resource, has highlighted the potential for increased connectivity and tourism opportunities between Pakistan and the rest of the world with the support of British Airways.
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State Bank sells T-Bills worth Rs103.9 billion
KARACHI: The State Bank of Pakistan (SBP) successfully raised Rs103.9 billion through the sale of Market Treasury Bills (MTBs) in an auction held on Wednesday.
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Port Qasim launches night navigation system
KARACHI: Pakistan has inaugurated the night navigation system for large vessels at Port Qasim, marking a significant milestone in the country’s maritime history.
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State Bank estimates 9.2pc decline in cotton output in current fiscal year
KARACHI: The State Bank of Pakistan (SBP) said that latest estimates for cotton crop reveal a worrying picture, as the total production in FY19 is estimated at 10.8 million bales, a decrease of 9.2 percent over the last year’s production level, and trailing 24.3 percent behind the targeted level of 14.4 million bales for the year.
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Income Tax Ordinance 2001: Tax recovery through arrest, attachment of property
KARACHI: Federal Board of Revenue (FBR) has powers to attach moveable or immovable properties and through arrest of a person for recovery of due amount of taxes.
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US-China trade tensions: Opportunities, challenges for Pakistan
KARACHI: The State Bank of Pakistan (SBP) in its report on Tuesday highlighted opportunities and challenges for Pakistan in ongoing tensions between the US and China, which have contributed to big swings in key commodity prices and has added uncertainty to the global trade dynamics.
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