The Pakistani Rupee made gains of two paisas against the US Dollar in early trade on Friday. This adjustment in the exchange rate was driven by a lower demand for import payments.
(more…)Author: Mrs. Anjum Shahnawaz
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Late return filers may be allowed entry into ATL
Late return filers of income tax may soon have the opportunity to be included in the Active Taxpayers List (ATL) following proposed amendments to tax laws.
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Sindh government gets share as per NFC formula: finance ministry
The Sindh government is set to receive its share as per the National Finance Commission (NFC) formula, as clarified by the federal finance ministry in a statement released on Thursday.
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Withholding income tax rates at import stage for tax year 2019
Withholding income tax rates that will be deducted at the import stage for the tax year 2019 have been unveiled, giving importers in Pakistan a clear picture of their tax obligations.
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Cargill announces to invest $200 million to grow Pakistan business
Cargill, a prominent global player in the food and agriculture industry, has announced its ambitious plans to invest over $200 million in Pakistan over the next three-to-five years, according to a statement released on Thursday.
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Current account deficit narrows by 4.43pc to $7.98bn in first half
The current account deficit (CAD) has significantly narrowed by 4.43 percent during the first half of the current fiscal year.
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SBP’s reserves fall below $7 billion
KARACHI: Pakistan’s State Bank of Pakistan (SBP) has reported a decline in its official foreign exchange reserves, which have fallen below $7 billion, according to an official statement released on Thursday.
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KSE-100 index ends down by 28 points
KARACHI: The Pakistan Stock Exchange (PSX) experienced a tumultuous trading day on Thursday, with the benchmark KSE-100 index closing down by 28 points, settling at 38,244 points as compared to the previous day’s closing figure of 38,272 points.
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Rupee gains two paisas against dollar
The Pakistani Rupee showed resilience on Thursday by gaining two paisas against the US dollar, as reported by dealers. This slight yet significant improvement comes in the wake of some inflows from remittances and exports, brightening the outlook for the national currency.
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Lahore customs intelligence to auction 30 confiscated luxury vehicles on January 24
ISLAMABAD: The Directorate of Customs Intelligence and Investigation, Customs, Lahore is set to conduct an auction of 30 confiscated vehicles, including luxury cars and heavy motorcycles, on January 24, 2018, at the state warehouse of the directorate.
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