Pakistan Revenue
KARACHI: The liquid foreign exchange reserves of the country increased by $163 million to $18.953 billion by week ended July 10, 2020, the State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country were at $18.79 billion by week ended July 03, 2020. The official reserves of the SBP increased […]
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KARACHI: The stock market gained 322 points on Thursday due to enhanced activity in cement sector following inauguration of Bhasha Dam, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,001 points as against 36,679 points showing an increase of 322 points. The analysts at Arif Habib Limited said that the […]
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KARACHI: The Pak Rupee weakened by 33 paisas against dollar on Thursday owing to rising demand of the foreign currency for import payments. The rupee ended Rs167 to the dollar from previous day’s closing of Rs166.67 in interbank foreign exchange market. Currency experts said that due to economic normalcy return after ease in lockdown the […]
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ISLAMABAD: A board constituted under Civil Servants (Directory Retirement from Services) Rules, 2020 will start scrutiny of civil servants by end of this month, a statement said on Wednesday.
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ISLAMABAD: Directorate General of Transit Trade has been authorized to track cargo movement of Afghan transit, NATO/ISAF and transshipment in order to avoid incidence of en-route goods slippage. Federal Board of Revenue (FBR) on Wednesday issued SRO 609(I)/2020 for reorganization of the Directorate General of Transit Trade. The FBR said that the directorate shall be […]
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KARACHI: The Overseas Investors Chamber of Commerce and Industry (OICCI) said that the foreign investors operating in Pakistan and multinational companies (MNCs) have contributed around 1/3rd of the total tax collection by Federal Board of Revenue (FBR) during fiscal year 2019/2020.
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KARACHI: The stock market fell by 66 points on Wednesday owing to profit taking after 13 consecutive positive sessions, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,679 points as against 36,745 points showing a decline of 66 points. Analysts at Arif Habib Limited said that the market opened on […]
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ISLAMABAD: Pakistan and Hungary have signed a treaty for exchange of information under newer version of protocol of avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, a statement issued by Federal Board of Revenue (FBR) said on Wednesday. Hungarian Ambassador to Pakistan Istvan Szabo signed the Protocol […]
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KARACHI: State Bank of Pakistan (SBP) on Wednesday fixed mandatory targets of housing loan disbursement for banks in order to promote housing and construction of buildings in the country. The central bank in a notification said that with a view to promote housing and construction of buildings (Residential and Non-Residential) in Pakistan, the SBP decided […]
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KARACHI: The Pak Rupee ended firmer against dollar on Wednesday as stock of foreign currency was sufficient to meet import payment demand. The rupee ended Rs166.67 to the dollar from the previous day’s close of Rs166.68 in interbank foreign exchange market. Currency experts said that the inflows of dollars were sufficient to meet the demand […]
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