Pakistan Revenue
KARACHI: The Pak Rupee made a recovery of 62 paisas against the dollar on Wednesday after depreciating the value for seven consecutive trading sessions. The rupee ended Rs153.88 to the dollar from previous day’s closing of Rs154.50 in the interbank foreign exchange market. The latest recovery in the local unit was seen after a continuous […]
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K-Electric Limited (KE), a leading power generation and supply company, has reported an impressive 222 percent increase in net profit for the quarter ending March 31, 2021.
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ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday notified a panel of advocates to represent tax authorities before various courts and tribunals at Islamabad station. The FBR placed following advocates, on the Panel of FBR, relating to court matters of Inland Revenue Service for a period of three years:- 01. Atti q-Ur-Rehman 02. Usman Ahmed […]
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KARACHI: Gul Ahmed Textile Mills Ltd. (GATM) on Wednesday declared unprecedented four-time growth in after tax profit for the nine-month period ended March 31, 2021. According to the financial results, the textile unit declared Rs3.45 billion as profit after tax for the period July – March 2020/2021 as compared with profit after tax of Rs699 […]
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KARACHI: Tax authorities have created an income tax demand of over Rs667 million against Bank Alfalah for default in payment and wrongly allocation of expenses. According to official documents made available on Wednesday, a tax office of Federal Board of Revenue (FBR) had issued notice to the bank for recovery of amount. The bank said […]
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KARACHI: Pakistan Refinery Limited (PRL) on Tuesday announced financial results for quarter ended March 31, 2021. The accumulated losses of the company contracted at Rs17.74 billion by March 31, 2021 as compared with loss of Rs18.36 billion by June 30, 2020. In addition, current liabilities of the company exceeded its current assets by Rs14.49 billion […]
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KARACHI: The State Bank of Pakistan (SBP) has officially announced that it, along with all commercial and microfinance banks, will observe a bank holiday on May 1, 2021, in observance of Labor Day.
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ISLAMABAD: Federal Board of Revenue (FBR) has issued an amount of Rs8.92 billion against duty drawback claims during last four months, according to a statement issued on Tuesday. The FBR said that following the vision of Prime Minister, Pakistan Customs wing has resolved the long-standing demand of exporters by paying Rs. 8.92 billion duty drawback […]
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KARACHI: The stock market fell by 390 points on Tuesday as selling seen in major scripts during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,293 points as against previous day’s closing of 45,683 points, showing a decline of 390 points. Analysts at Arif Habib Limited said that excitement observed […]
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KARACHI: Recent measures taken by the State Bank of Pakistan (SBP) the financing for housing and construction sector increased significantly to Rs202 billion in March 2021. The SBP in a statement said that housing and construction finance has been progressing significantly and a momentum in housing and construction finance is building up. The banks’ housing […]
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