On Wednesday, the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) recorded a notable gain of 156 points, closing at 40,058 points as opposed to the previous day’s closing at 39,902 points.
(more…)Author: Mrs. Anjum Shahnawaz
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Stock brokers directed to submit clients’ assets segregation statement
Karachi: The Pakistan Stock Exchange (PSX) has issued a directive requiring stock brokers to submit clients’ assets segregation statements duly verified by statutory auditors.
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Rupee ends unchanged on cautious trading
Karachi: The Pakistani Rupee (PKR) exhibited stability in the interbank foreign exchange market on Wednesday, maintaining its previous day’s closing level against the US Dollar (USD).
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FBR issues first Urdu version Customs Act 1969
Islamabad: In a move aimed at enhancing accessibility and understanding of tax regulations among traders and the business community, the Federal Board of Revenue (FBR) has unveiled the first-ever Urdu version of the Customs Act, 1969.
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Income Tax Ordinance 2001: minimum tax on income of certain taxpayers
Karachi: The Federal Board of Revenue (FBR) has made significant amendments to the Income Tax Ordinance, 2001, introducing the concept of minimum tax on the income of certain taxpayers, including individuals and corporate entities.
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Rupee strengthens by five paisas in early trading
Karachi: The Pakistani Rupee (PKR) exhibited resilience in the early hours of trading on Wednesday, gaining five paisas against the US Dollar (USD) in the wake of an eagerly anticipated economic incentive package set to be announced later today.
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Demolishing illegal buildings: Supreme Court gives one month to SBCA for submitting plan
Karachi: The Supreme Court of Pakistan (SCP) issued a significant directive on Tuesday, ordering the Sindh Building Control Authority (SBCA) to submit a comprehensive plan within one month for the demolition of illegally constructed buildings within the city.
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SRB suspends sales tax registration of seven event management service providers for non-filing
Karachi: The Sindh Revenue Board (SRB) has taken decisive action by suspending the sales tax registration of seven event management service providers due to their non-compliance with monthly return filing obligations.
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Cabinet meets tomorrow to approve export, investment package
Islamabad: Prime Minister Imran Khan is set to lead a special cabinet meeting scheduled for Wednesday at 2:00 PM. The meeting, which carries substantial implications for Pakistan’s economic landscape, is expected to grant approval to a comprehensive economic reform package, as reported by informed sources.
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Pakistan Oilfields’ profit jumps up by 66 percent in first half
KARACHI – Pakistan Oilfields Limited (POL) has reported a remarkable surge in net profit, with a substantial 66 percent increase for the six-month period ending on December 31, 2018.
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