Pakistan Revenue
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a major relief for tourists visiting Pakistan by allowing them to bring their vehicles into the country without paying any customs duty or taxes, and retain them for a longer period. As per the new regulations, tourists can now keep their vehicles in Pakistan for up […]
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KARACHI: Pakistan Business Council (PBC) has said that the premature reversal of tax exemption hurt the investor sentiments. In a letter sent to Finance Minister Shaukat Tarin, the PBC said that the recent reversal of tax exemptions, some which had just a few years to run, and others which were conceptually aimed at promoting scale […]
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KARACHI: Engro Corporation Limited has announced Rs14.8 billion profit after tax during first quarter (January – March) 2021 as compared with Rs5.9 billion in the same quarter of the last year, showing about 150 percent growth. According to a statement issued on Thursday, Engro’s consolidated revenue grew by 58 percent from Rs 44,977 million during […]
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KARACHI: The equity market fell by 377 points on Thursday owing to rising concerns of investors over fast spread of coronavirus in the third wave. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,930 points as against previous day’s closing of 45,306 points, showing a decline of 377 points. Analysts at Arif […]
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KARACHI: The foreign exchange reserves of the country registered nominal fall of $7 million to $23.213 billion by week ended April 16, 2021, State Bank of Pakistan (SBP) on Thursday. The foreign exchange reserves of the country were $23.22 billion by week ended April 09, 2021. The official foreign exchange reserves of the SBP fell […]
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KARACHI: The Pak Rupee fell by 23 paisas against the dollar on Thursday owing to rising demand for the foreign currency for import and corporate payments. The rupee ended Rs153.46 to the dollar from previous day’s closing of Rs153.23 in the interbank foreign exchange market. The currency dealers said that demand for imported goods increased […]
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KARACHI: Bank Alfalah Limited (BAFL) on Thursday announced Rs3.47 billion profit after tax for the quarter ended March 31, 2021. The net profit is 23 percent higher when compared with Rs2.82 billion in the same quarter of the last year. The bank also declared Rs1.95 as earnings per share (EPS) for the quarter ended March […]
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KARACHI: United Bank Limited (UBL) on Thursday declared 46 percent growth in its net profit for the quarter ended March 31, 2021 due to significant decline in provisioning and write-offs. The bank declared Rs7.4 billion profit after tax for the first quarter (January – March) of calendar year 2021 as compared with Rs5.06 billion in […]
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KARACHI: The State Bank of Pakistan (SBP) and the Securities and Exchange Commission of Pakistan (SECP) have amended the Terms of Reference (ToRs) of their Joint Task Force (JTF) on Financial Conglomerates to further strengthen the supervisory cooperation, inter alia, in AML/CFT/CPF supervision at financial-group level. Dr, Reza Baqir, Governor, SBP and Aamir Khan, Chairman, SECP have signed […]
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The Federal Board of Revenue (FBR) has decided to expand its operations by establishing Anti-Benami Zones in four major cities across the country.
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