KARACHI, February 12, 2019 – In a testament to the enduring support from overseas Pakistanis, remittances to the country have experienced a remarkable surge, witnessing a robust 12.22 percent increase to reach $12.774 billion during the first seven months of the fiscal year 2018/2019.
(more…)Author: Mrs. Anjum Shahnawaz
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Prices of essential items rise by 13.74 percent for income group above Rs35,000
Islamabad – The prices of essential items have witnessed a significant increase of 13.74 percent for the income group above Rs35,000 for the week ending February 07, 2019, compared to the corresponding week a year ago, according to data released by the Pakistan Bureau of Statistics (PBS) on Monday.
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Rupee depreciates by 40 paisas against dollar in early trading
Karachi – The Pakistani Rupee faced a depreciation of 40 paisas against the US dollar in early trade on Monday, influenced by heightened demand following the weekly holidays.
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FBR assigns officers for directorate immovable properties
ISLAMABAD: Federal Board of Revenue (FBR) has assigned officers of Inland Revenue Service (IRS) for the duties to make operational the directorate of immovable properties.
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IMF ready to support Pakistan: Christine Lagarde
KARACHI: International Monetary Fund (IMF) is ready to support Pakistan in a difficult economic situation, Christine Lagarde, Managing Director of IMF said on Sunday after meeting with Pakistan’s Prime Minister Imran Khan.
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Income Tax Ordinance 2001: Computation of profits, gains from exploration, production of petroleum
KARACHI: The income tax law has explained separately for computation of profits and gains from exploration and production of petroleum in Pakistan.
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Customs Valuation under Customs Act, 1969 – Urdu version
KARACHI: In a move aimed at enhancing accessibility and understanding of customs laws among taxpayers, Pakistan Customs has issued an Urdu version of customs valuation under the Customs Act, 1969.
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MCC Gwadar to hold auction of confiscated goods on February 14
Karachi – The Model Customs Collectorate (MCC) Gwadar has announced a public auction of various confiscated goods, including lubricant oil and motor vehicle tires, to be held at Custom Station, Panjgur on February 14, 2019.
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Banks disburse Rs527 billion agriculture credit during first half: SBP
KARACHI: Banks have disbursed Rs527 billion as agriculture credit during first half of current fiscal year, which is 22 percent higher than the disbursement made during the same period of the last fiscal year.
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Weekly Review: Equity market to eye future investment prospects
KARACHI – The Pakistani equity market is poised to evaluate the potential for foreign investments as Prime Minister Imran Khan prepares for a visit to the UAE on February 10, followed by the anticipated visit of the Saudi Crown Prince to Pakistan on February 16, 2019.
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