Pakistan Revenue
KARACHI: The equity market ended down by 601 points on Friday owing to selling pressure witnessed across the board during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,262 points as against 44,863 points, showing a decline of 601 points. Analysts at Arif Habib Limtied said that end of roll-over […]
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KARACHI: The Pak Rupee made a gain of 17 paisas against the dollar on Friday owing to improved external position of the country. The rupee ended Rs153.45 to the dollar from previous day’s closing of Rs153.62 in the interbank foreign exchange market. Currency experts said that the rupee further made recovery despite dollar demand for […]
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KARACHI: Tax practitioners have discussed sales tax matters at a pre-budget seminar and recommended that tax fraud cases should be investigation through a special directorate. Members of Karachi Tax Bar Associations (KTBA) in the pre-budget seminar discussed various issues pertaining to sales tax laws. They highlighted the issue where jurisdiction for audit and adjudication of […]
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ISLAMABAD: Jazz, Pakistan’s number one 4G operator and the largest internet and broadband service provider, has further strengthened its market leadership and continues to drive the digital ecosystem in Pakistan, according to a statement issued on Thursday. During the first quarter of 2021, Jazz’s overall subscriber base grew by 11.7% year-over-year (YoY) reaching 69.2 million, […]
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has proposed amendments to introduce concept of Special Purpose Acquisition Company (SPAC). A statement issued on Thursday stated that to introduce the SPAC, the SECP has proposed amendments to the Public Offering Regulations, 2017 to solicit public comments. SPAC is a new concept for Pakistan’s capital […]
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ISLAMABAD: The finance ministry on Thursday announced that national prize bonds of denominations Rs7,500 and Rs15,000 shall not be sold with immediate effect. In different notifications the finance division announced to withdraw the prize bonds of denominations Rs7,500 and Rs15,000 from circulation with immediate effect. According to the notifications: “… Prize bonds of Rs7,500 denominations […]
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KARACHI: Pakistan State Oil (PSO) has declared five-time increase in net profit for nine-month period ended March 31, 2021. The unprecedented growth may be attributed to reduction in cost of products sold during the period. According to financial results for nine-month period ended March 31, 2021 submitted to Pakistan Stock Exchange (PSX), the company announced […]
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KARACHI: Pakistan Petroleum Limited (PPL) on Thursday declared decline in net profit to Rs38.12 billion for the nine-month period ended March 31, 2021. According to unconsolidated financial results submitted to Pakistan Stock Exchange (PSX), the petroleum company declared Rs38.12 billion during first nine months (July – March) 2020/2021 as compared with Rs39.23 billion in the […]
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KARACHI: The consumer confidence index has declined by over 10 percent in the first quarter of 2021 owing to concerns over the current economic situation owing to imposition of restrictions to prevent spread of coronavirus. Dun & Bradstreet Pakistan and Gallup Pakistan issued their report on ‘Pakistan Consumer Confidence Index (CCI)’ for Q1 2021 on […]
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ISLAMABAD: Finance Minister Shaukat Tarin on Thursday directed to expedite the sale process for the available spectrum. He stressed to provide a level playing field so that all operators must have a fair and equal chance in the process. He urged all the key stakeholders to ensure maximum participation across the board for successful completion […]
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