Pakistan Revenue
KARACHI: The Pakistan Stock Exchange (PSX) on Saturday announced to implement the previous trading system KATS after difficulties surfaced in running the new trading system (NTS). “In order to address the concerns with JTT, PSX, in consultation with brokers and SECP, is reverting to the previous system (KATS) as a short-term measure to provide uninterrupted […]
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Pakistan Tax Bar Association (PTBA) has demanded the Federal Board of Revenue (FBR) extend the implementation of digital mode of payment for corporate entities the system is not practical to use at present for many business entities. The digital mode of payment has been made mandatory from November 01, 2021. The FBR has already made […]
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Section 2 of Sales Tax Act, 1990 has defined various provisions of the act to better understand the law. The Federal Board of Revenue (FBR) issued the Sales Tax Act, 1990 updated up to June 30, 2021. The Act incorporated amendments brought through Finance Act, 2021. 2. Definitions.― In this Act, unless there is anything repugnant in the subject or context,– […]
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KARACHI: The State Bank of Pakistan (SBP) has announced a sharp decline in net profit by 34 per cent to Rs761 billion in fiscal year 2020/2021 as compared with Rs1,164 billion in the preceding fiscal year. The Board of Directors of the State Bank of Pakistan on October 26, 2021 approved the Annual Performance Review […]
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Karachi, October 29, 2021: The State Bank of Pakistan (SBP) has published the official exchange rates for customers on this Friday, October 29, 2021.
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KARACHI: The State Bank of Pakistan (SBP) has slapped a heavy monetary penalty of over Rs280 million on the National Bank of Pakistan (NBP) for violating instructions pertaining to Anti-Money Laundering (AML) and Counter Financing of Terrorism (CFT). The central bank imposed a monetary penalty on four banks during the quarter ended September 30, 2021. […]
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KARACHI: Gul Ahmed Textile Mills Ltd. (GATM) on Friday declared over 67 per cent growth in after tax profit for the quarter ended September 30, 2021. According to the financial results shared with the Pakistan Stock Exchange, the textile unit declared Rs1.167 billion as profit after tax for the first quarter (July – September) 2021 […]
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Facebook at its annual developer conference announced to change the name to Meta. The company said it would better “encompass” what it does, as it broadens its reach beyond social media into areas like virtual reality. According to BBC, the company, which announced the change at its annual developer conference, said it would better “encompass” […]
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KARACHI: The Pakistan Stock Exchange (PSX) on Thursday defended its new trading system and said that Jade Trading Terminal (JTT), which was developed on demand of stockbrokers, is causing problems of disconnections and slow speed.
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KARACHI: Standard Chartered Bank (Pakistan) Limited (SCBL) on Thursday announced a 17 per cent decline in profit after tax for the nine months period ended September 30, 2021. The bank declared Rs9.91 billion as profit after tax during January – September 2021 as compared with Rs11.91 billion in the corresponding period of the last year. […]
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