PSX to remain closed for 10 days
The Pakistan Stock Exchange (PSX) is set to observe an extended closure, spanning 10 days, to accommodate both weekly and Eid-ul-Fitr holidays.
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Author: Mrs. Anjum Shahnawaz
Equity market gains 487 points on positive sentiments
KARACHI: The equity market has shown an increase of 487 points on Tuesday as positive sentiments prevailed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,563 points as against previous day’s closing of 44,076 points, showing an increase of 487 points. Analysts at Arif Habib Limited said that the […]
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Bank holidays for Eid announced
KARACHI: Banks shall observe six days holidays on the occasion of Eid-ul-Fitr. The State Bank of Pakistan (SBP) on Tuesday said that it will remain closed from 10th to 15th May, 2021 (Monday to Saturday) on the occasion of Eid-ul-Fitr. Simultaneously, banks shall also observe the holidays on the said dates. However, through another notification […]
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Rupee appreciates by 12 paisas
KARACHI: The Pak Rupee gained 12 paisas against the dollar on Tuesday owing to inflows of workers’ remittances and export receipts. The rupee ended Rs153.24 to the dollar from previous day’s closing of Rs153.36 in the interbank foreign exchange market. Currency experts said that the rupee was appreciated due to inflows of Eid related remittances. […]
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Banks to remain open on May 08
KARACHI: State Bank of Pakistan (SBP) on Tuesday directed to banks to observe working hours on May 08, 2021 to facilitate their customers ahead of Eid-ul-Fitr. The central bank said that in the wake of forthcoming Eid-ul-Fitr holidays from May 10 – May 15, 2021 and to cater the banking needs of public at large, […]
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FBR should be given separate tax targets for existing, new taxpayers
KARACHI: Separate targets should be set for the Federal Board of Revenue (FBR) from existing and new taxpayers, this was recommended Pakistan Business Council (PBC) in its recent letter sent to Khusro Bakhtiar, Federal Minister of Industries and Production.
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Eid holidays announced amid coronavirus spread
ISLAMABAD: The federal government on Monday announced six holidays for Eid-ul-Fitr from May 10 to 15, 2021. According to a notification issued by the ministry of interior, 10th to 15th (Monday – Saturday) May, 2021 shall be public holidays on the occasion of Holy Festival Eid-ul-Fitr. Previously, National Command and Operation Center (NCOC) recommend extended […]
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Withholding agents should be allowed filing separate statements for salary cases
KARACHI: Tax practitioners have urged the Federal Board of Revenue (FBR) to allow withholding agents to file separate statements for salary and other than salary cases.
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PBC recommends key reform measures for energy sector
KARACHI: Pakistan Business Council (PBC) has recommended the government a set of reforms for bringing improvement in the energy sector. The PBC sent its recommendations to the federal minister for industries and production and proposed key reform measures for the energy sector: • Federal government to restrict its role to removing the existing bottlenecks in […]
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Govt. to borrow Rs4,100 billion through sale of MTBs
KARACHI: The government has announced to borrow around $s4,100 billion through auction of market treasury bills (MTBs) during three months in order to meet budget financing. The State Bank of Pakistan (SBP) on Monday issued schedule for the auction of three-, six- and 12-month treasury bills. Out of scheduled sale of Rs4,100 billion treasury bills, […]
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