Pakistan Revenue
KARACHI: The sugar mills have agreed to allow the tax authorities to monitor the production and supply through track and trace system. In this regard a tri-partite agreement was signed at Large Taxpayers Office (LTO), Karachi. The agreement was signed by the representatives of sugar mills, Federal Board of Revenue (FBR) and the consortium AJCL/ […]
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Pakistan’s largest digital bank, Mobilink Microfinance Bank Limited (MMBL) has won the prestigious Retail Banker International (RBI) Asia Trailblazer Award 2021 for being the ‘Best Retail Bank in Pakistan’, along with an honorable mention of “Highly Commended” for its House Loan in the Best Loan Offering category. Organized in collaboration with Arena International, UK, Middle […]
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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Wednesday expressed serious reservations over restoration of powers to officers of Inland Revenue (IR) in freezing bank accounts without approval. FPCCI President Mian Nasser Hyatt Maggo recorded his strong reservations on the attachment of bank account under section 140 of the income tax ordinance, […]
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KARACHI: Deterioration continued in Pak Rupee (PKR) against dollar on Wednesday as the local currency hit new record low at Rs171.13. Previously, the rupee recorded the all-time low at Rs171.04 against the dollar a day ago on October 12, 2021 in interbank foreign exchange market. Currency experts said that the dollar demand for import payment […]
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ISLAMABAD: The federal cabinet in a meeting on Tuesday has approved the abolition of visa fees for Pakistani visas for Afghans coming into Pakistan. Prime Minister Imran Khan chaired the meeting of the federal cabinet. The cabinet approved the inclusion of Afghan businessmen in the list of Pakistan Business Visas for their convenience. It also […]
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KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on October 12, 2021 (The rates are updated at 12:20 PM): Currency Buying Selling Australian Dollar 123.50 125.00 Bahrain Dinar 386.75 388.50 Canadian Dollar 135.50 137.50 China Yuan 23.75 23.90 Danish Krone 23.45 23.75 Euro 196.00 198.00 Hong Kong Dollar 16.65 16.90 […]
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ISLAMABAD: Dr. Arif Alvi, the President of Pakistan, has upheld the major penalty of dismissal from service to a senior official of National Accountability Bureau (NAB). President Dr Arif Alvi while rejecting the appeal of ex-Assistant Director NAB, Muhammad Umair has asked the NAB to prosecute him to the maximum extent of the law on […]
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KARACHI: Pak-Qatar General Takaful (PQGTL) has signed an agreement with Cometinsure (Online aggregator) to promote Takaful products online. Muhammad Raza (Head of Operations, PQGTL) and Muhammad Sufyan Bedi (Operations Manager, Cometinusre) signed the agreement along with senior officials of both companies. Muhammad Raza while speaking at the signing ceremony stated, “We are extremely delighted to […]
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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) on Monday fell by 648 points owing to rising concerns over hike in electricity prices and contraction in economy. The index closed at 43,829 points as against last Friday’s closing of 44,477 points, showing a decline of 648 points. Analysts at Arif Habib Limited said […]
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KARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions to promote investment in renewable energy solutions by companies. The SBP in a statement on Monday said that it had softened the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. Now, all Renewable Energy Investment Entities (RE-IEs) interested in […]
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