Pakistan Revenue
KARACHI: The stock market gained 336 points on Friday owing to investor sentiments after improved GDP growth forecast. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 47,126 points as against previous day’s closing of 46,791 points, showing an increase of 336 points. Market showed consistent performance today with a further increase […]
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KARACHI: The Pak Rupee recovered 41 paisas against the dollar on Friday owing to improved inflows of workers’ remittances and export receipts. The rupee ended at Rs154.43 to the dollar from previous day’s closing of Rs154.84 in the interbank foreign exchange market. Currency experts said that the sufficient supply of the foreign currency was available […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has estimated Rs5,700 billion as a net revenue collection for the next fiscal year 2021/2022, around Rs263 billion less then projection of International Monetary Fund (IMF).
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KARACHI: Pakistan Stock Exchange (PSX) has recommended a 20 percent tax credit should be granted to listed companies in order to encourage documentation of the economy. In its proposals for budget 2021/2022, the PSX said that it is generally observed that when companies opt for a listing on a stock exchange, their profits grow substantially […]
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ISLAMABAD: The Federal Board of Revenue (FBR) has updated the cadre strength of Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) after creation of 41 additional posts by the finance division. According to the updated cadre strength, the FBR has seven BS-22 officers; five in IRS and remaining two in the PCS. In BS-21, […]
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ISLAMABAD: Pakistan Telecommunication Authority (PTA) on Thursday said it has received an amount of Rs 15.82 billion (equivalent of $103.17 million) against second installment of License Renewal Fee from two Cellular Mobile Operators (CMOs); Telenor Pakistan and Pakistan Mobile Communication Ltd. (Jazz). The amount is being deposited in Federal Consolidated Fund (FCF) as per practice […]
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KARACHI: Engro Polymer and Chemicals Limited (EPCL) has planned to establish a Circular Plastics Institute (CPI), a not-for-profit thinktank, to promote research and development in Pakistan’s circular plastics economy, said a press release issued on Thursday. Pakistan faces the pervasive problem of plastic pollution as the country generated 3.9 million tons of plastic waste in […]
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KARACHI: The benchmark index KSE-100 index of Pakistan Stock Exchange (PSX) fell by 22 points on Thursday as the market recorded all time high volumes of 2.22 billion shares in a single day. The Index closed at 46,791 points as against 46,812 points showing a decline of 22 points. Analysts at Arif Habib Limited said […]
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KARACHI: Pakistan Customs has assured business community of early resolution of pending valuation ruling issues on priority basis. Director General Customs Valuation Ms. Shahnaz Maqbool assured this at a meeting held with members of Pakistan Federation of Chambers of Commerce and Industry (FPCCI), a statement said on Thursday. According to the statement the FPCCI and […]
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KARACHI: The Pak Rupee ended down by six paisas against the dollar on Thursday due to demand for import and corporate payments. The rupee closed at Rs154.84 to the dollar from previous day’s closing of Rs154.78 in the interbank foreign exchange market. Currency experts said that the due to improved GDP growth forecast the domestic […]
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