Pakistan Revenue
KARACHI: The stock market may witnessed positive sentiments next week on expectation of strong results. However, concerns over COVID-19 fourth may keep the sentiment skittish, said analysts at Arif Habib Limited. Furthermore, prevailing tension in Afghanistan with continuing withdrawal of US army by end of this month may exert pressure on the local bourse. The […]
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KARACHI: National Clearing Company of Pakistan (NCCPL) on Thursday shared updated capital gain tax (CGT) rates that are applicable from July 01, 2021.
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ISLAMABAD: Finance Minister Shaukat Tarin on Thursday reaffirmed the government’s strong commitment to the expansion and facilitation of the e-Commerce sector in Pakistan, viewing it as a key driver of future economic growth and digital transformation.
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KARACHI: The stocks ended down by 107 points on Thursday amid trading in range bound activity. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,271 points as against previous day’s closing of 47,377 points. Analysts at Arif Habib Limited said that after posting an uptick yesterday, the index again traded range bound […]
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The Federal Board of Revenue (FBR) has issued updated rates of withholding tax on sale and purchase of immovable properties.
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KARACHI: The Federal Board of Revenue (FBR) has initiated action against big retailers by posting tax officials at business premises for monitoring of sales. Corporate Tax Office (CTO) Karachi, an arm of the FBR, has posted its staff at eight outlets of a big retailer for checking sales, purchase and production of saleable goods. The […]
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ISLAMABAD: State Bank of Pakistan (SBP) will launch incentives/ rewards for overseas Pakistanis on transactions of inward remittances. The SBP will launch a mobile phone application for overseas Pakistanis, which will offer incentives/rewards to overseas Pakistani against each remittance transaction in accordance under criteria. The above application will be formally launched towards the end of […]
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KARACHI: The car sales posted a sharp rise of 114 per cent in July 2021 owing to tax cuts announced in the Finance Act, 2021. The car sales increased to 24,918 units in July 2021 as compared with 11,659 units in the same month of the last year. Analysts at Topline Securities said that the […]
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KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 241 points on Wednesday on better earning hopes in listed entities. The index closed at 47,377 points as against 47,135 points showing, an increase of 241 points. Analysts at Arif Habib Limited said that the market gained close to 500 points during the session. […]
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KARACHI: MCB Bank on Wednesday announced a profit after tax of Rs7.9 billion for second quarter ended June 30, 2021. Analysts at Khadi Ali Shah Bukhari (KASB) said that the result is above estimates and street consensus. The deviation is mainly on account of recognition of provisioning reversal worth Rs1.8 billion during the quarter. The […]
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