The foreign exchange rate in Karachi remained unchanged on Saturday January 19, 2019 due to lower demand from the general public.
(more…)Author: Mrs. Anjum Shahnawaz
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Pakistan offers incentives to Chinese investors in oil, gas exploration
ISLAMABAD: Pakistan on Friday offered incentives to Chinese investors interested in oil and gas exploration in a bid to further strengthen economic ties and foster collaboration.
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FBR withdraws sales tax zero-rating on electricity supply to two textile units
KARACHI: Federal Board of Revenue (FBR) has withdrawn sales tax zero rating on supply of electricity to two textile units on misuse of tax concession facility.
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Withholding tax rates on profit on banking deposits
Withholding tax rates on profit on banking deposits have been updated for tax year 2019. In a significant development for the financial sector, the Federal Board of Revenue (FBR) has announced updated withholding tax rates on profit earned from banking deposits for the tax year 2019.
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Prime Minister reviews progress on CPEC
Prime Minister Imran Khan convened a crucial meeting on Friday to assess the advancements in the China-Pakistan Economic Corridor (CPEC), a transformative economic initiative that has the potential to reshape the economic landscape of the region.
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Colgate-Palmolive to deposit unclaimed dividend amount to national kitty
Colgate-Palmolive (Pakistan) Limited has made a significant announcement by declaring its intention to deposit the amount of unclaimed shares and unpaid dividends into the national treasury.
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Rupee gains two paisas in early trade
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.
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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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