Pakistan Revenue
ISLAMABAD – The federal government has officially announced the amount of diyat for the fiscal year 2021-2022, fixing it at Rs 4.26 million. This amount corresponds to the value of 30,630 grams of silver, as prescribed under Islamic injunctions and outlined in the Pakistan Penal Code (PPC).
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The Federal Board of Revenue (FBR) notified updated Section 2 of Income Tax Ordinance, 2001 amended through Finance Act, 2021.
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KARACHI: Lucky Motor Corporation Limited will start production of Samsung mobile phones with initial investment of $15 million in Pakistan. Abdul Razak Dawood, Advisor to Prime Minister for commerce and Investment disclosed this on Saturday. “I congratulate Lucky Group on partnering with Samsung Electronics. … to set up a mobile phone assembly plant with an […]
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KARACHI: The Federal Investigation Agency (FIA) is making all out efforts to resolve complaints related to cyber crime. FIA Director General Dr. Sanaullah Abbasi said this at a meeting with members of Karachi Chamber of Commerce and Industry (KCCI). According to a statement issued on Saturday by the KCCI, the DG FIA briefed the business […]
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KARACHI: The stock market likely to continue the momentum gained in the outgoing week. Analysts at Arif Habib Limited said that cyclical sectors may be in the limelight on expected healthy earnings. The analysts said rising COVID cases are remained challenging. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) is currently trading at a […]
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The Federal Board of Revenue (FBR) has introduced a set of guidelines to facilitate taxpayers in checking their Active Taxpayer status.
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KARACHI: The foreign direct investment (FDI) into Pakistan has declined by 28.9 percent during fiscal year 2020/2021, the State Bank of Pakistan (SBP) said on Friday. Inflow of FDI recorded at $2.059 billion during fiscal year 2020/2021. It was $2.316 billion in previous fiscal year. Total foreign private investment declined by 11.1 percent to $2.058 […]
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KARACHI: The State Bank of Pakistan (SBP) has said that the economic momentum is expected to accelerate further during FY22. The optimistic outlook is premised on the expanding vaccine roll-out and relatively unhindered continuation of economic activity despite Covid-19, the SBP said in it’s the Third Quarterly Report on the State of Pakistan’s Economic for […]
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KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on July 16, 2021. Tenor BID OFFER 1 – Week 6.92 7.42 2 – Week 6.95 7.45 1 – Month 7.01 7.51 3 – Month 7.14 7.39 6 – Month 7.35 7.60 9 – Month 7.45 7.95 1 – Year […]
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Lucky Motor Corporation Limited (LMC), a subsidiary of Lucky Cement Limited, has announced a strategic move into the electronics market by entering into an agreement with Samsung Gulf Electronics Co. FZE (Samsung) to produce Samsung-branded mobile devices in Pakistan.
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