Pakistan Revenue
KARACHI: The rupee ended firmer against dollar on Tuesday amid demand of the foreign currency for import and corporate payments. The rupee ended Rs165.88 to the dollar from previous day’s closing of Rs165.89 in interbank foreign exchange market. Currency experts said that the demand for the greenback was remained higher form importers. Besides, due to […]
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ISLAMABAD – The Federal Board of Revenue (FBR) is expected to grant the first extension for filing income tax returns for the tax year 2020, due to delayed issuance of necessary forms. The original deadline for submission is set for September 30, 2020, affecting salaried individuals, businesses, Associations of Persons (AOPs), and companies with special […]
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KARACHI: Oil and Gas Development Company Limited (OGDCL) on Monday announce financial results and declared over 15 percent decline in annual profit mainly because of lower sales during the year. In its financial results submitted to Pakistan Stock Exchange (PSX), the company declared Rs100 billion after tax profit for the year ended June 30, 2020 […]
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ISLAMABAD: The ministry of commerce has issued list of companies for pre-shipment inspection as envisaged in different provisions of Import Policy Order, 2020 shall be done in the exporting country. The ministry issued SRO 902(I)/2020 dated September 25, 2020 to notify the Import Policy Order 2020. Following are the name of the companies under Appendix-H […]
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The stock market witnessed a significant downturn on Monday, with the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) plunging by 960 points amid mounting political uncertainty following the arrest of an opposition leader.
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KARACHI: The Pak Rupee ended down by 10 paisas against dollar on Monday owing to demand for import and corporate payments, dealers said. The rupee ended Rs165.89 to the dollar from last Friday’s closing of Rs165.79 in the interbank foreign exchange market. The currency dealers said that the rupee was under pressure during the day […]
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KARACHI – In a major step toward boosting domestic steel production and reducing reliance on imports, Agha Steel Industries has signed a strategic memorandum of understanding (MoU) with Horizon Steel to supply 100,000 metric tons of low-carbon billets annually. The deal, valued at approximately Rs 10 billion per year, marks a significant milestone for the […]
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The Asian Development Bank (ADB) has granted approval for a $300 million policy-based loan aimed at fortifying Pakistan’s finance sector.
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KARACHI: State Bank of Pakistan (SBP) has issued framework for financial institutions outsourcing to cloud service providers (CSPs). The SBP said that to BPRD Circular No. 05 of 2017 on ‘Enterprise Technology Governance and Risk Management Framework for Financial Institutions (FIs)’ and BPRD Circular No. 06 of 2019 on ‘Framework for Risk Management in Outsourcing […]
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ISLAMABAD: The ministry of commerce and issued procedure for imports and customs clearance under schemes including personal baggage, gift and transfer of residence. The ministry of commerce issued SRO 902(I)/2020 dated September 25, 2020 and notified Import Policy Order 2020 while repealing the previous Import Policy Order, 2016. The ministry through the policy order issued […]
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