Pakistan Revenue
KARACHI: Sales of oil marketing companies (OMCs) recorded 57 percent increase in April 2021 over the same month of the last year. The sales of petroleum products were at 1.67 million tons in April 2021 as compared with 1.07 million in the corresponding month of the last year. Analysts at Topline Securities said that Pak […]
Continue Reading
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday demanded the government of reducing Eid holidays to three to avoid business and economic losses. The apex trade body expressed displeasure over yet another set of SOPs and Public Holidays on account of Eid-Ul-Fitr announced by NCOC without consulting business, industrial, and trade […]
Continue Reading
ISLAMABAD: Jazz, country’s leading phone operator and fintech, has launched a Business App for its rapidly growing merchant base, a statement said on Monday. The App has state-of-the-art tools for efficient financial and business management, this app adds to the ease of doing business as small and medium business owners can kick start digital payment […]
Continue Reading
KARACHI – The Pakistan Stock Exchange (PSX) has officially announced its closure on Friday, May 07, 2021, in observance of Juma-tul-Wida, the Last Friday of the holy month of Ramadan.
Continue Reading
KARACHI: The share market ended down by 186 points on Monday owing to roll-over trades from April future contract. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,076 points as against last Friday’s closing of 44,262 points, showing a decline of 186 points. Analysts at Arif Habib Limited said that roll-over trades […]
Continue Reading
KARACHI: The Pak Rupee gained nine paisas against the dollar on Monday owing to improved inflows of export receipts. The rupee ended Rs153.36 to the dollar from last Friday’s closing of Rs153.45 in the interbank foreign exchange market. Currency experts said that the inflows of export receipts helped the rupee to make gain on the […]
Continue Reading
ISLAMABAD: Regulators are at odds over the last date for conversion/redemption of Rs40,000 denomination national prize bonds, which created distress amongst the prize bondholders. A public notice was issued by the Central Directorate of National Savings (CDNS) in February 2021, that the government had discontinued the sale of National Prize Bonds (Bearer) of Rs25,000 and […]
Continue Reading
ISLAMABAD: The finance division has issued procedure for government offices to close their accounts with commercial banks and transfer of all available funds to treasury single account (TSA). According to official documents made available on Sunday, the finance division said that as per the Cash Management and TSA Rules 2020, the government offices are neither […]
Continue Reading
ISLAMABAD – The Federal Board of Revenue (FBR) announced on Saturday that the number of returns filedfor the tax year 2020 has surged to around 2.9 million as of May 01, 2021, marking a substantial growth of 12 percent compared to the same period last year.
Continue Reading
ISLAMABAD: Federal Board of Revenue (FBR) has feared that fast spread of coronavirus in the third wave may affect the efforts of revenue collection during the last two months. The FBR in a statement on Saturday said that the revenue collection during the last days of April was slowed down because of measures taken by […]
Continue Reading