Islamabad, November 27, 2024 – Tax revenue from cash withdrawals in Pakistan witnessed a sharp decline, plunging 21% year-on-year (YoY) in October 2024.
(more…)Author: Shahnawaz Akhter
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KAPCO Secures Lowest Bid for KE Solar Project
Karachi, November 27, 2024 – Kot Addu Power Company Limited (KAPCO) has achieved a significant milestone by submitting the lowest bid for K-Electric’s (KE) proposed solar power project, furthering Pakistan’s shift towards renewable energy solutions.
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Advance Tax Imposed on Foreign Domestic Workers in Pakistan
KARACHI, November 26, 2024 – Pakistan has introduced an advance income tax requirement on individuals and agencies hiring foreign nationals for domestic work.
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Foreign Investors Withdraw $807 Million from Pakistan in 4MFY25
Karachi, November 26, 2024 – Foreign investors operating in Pakistan repatriated over $807 million under the head of profit and dividends during the first four months (July–October) of the fiscal year 2024-25, according to official data released on Tuesday.
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PSX Records Largest Single-Day Decline Amid Political Crisis
Karachi, November 26, 2024 – The Pakistan Stock Exchange (PSX) witnessed its largest single-day drop on Tuesday, with the benchmark KSE-100 index plummeting by 3,506 points, or 3.57%, due to the escalating political crisis in the country.
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Political Unrest Sinks Pakistan Stocks by 2.5%
Karachi, November 26, 2024 – The Pakistan stocks plunged sharply by 2,450 points, or 2.50%, in the latest trading session on Tuesday, as political turmoil rattled investor confidence.
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KSE-100 Tumbles 1.74% Midday on Heightened Political Tensions
Karachi, November 26, 2024 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) dropped sharply by 1,706 points, or 1.74%, during midday trading on Tuesday, reflecting heightened political unrest in the country.
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SBP Revises Guidelines on Minimum Profit Rate for Deposits
Karachi, November 26, 2024 – The State Bank of Pakistan (SBP) announced updated instructions on Tuesday regarding the minimum profit rate requirement for deposits.
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FBR Struggles as Political Protests Undermine Revenue Goals
Islamabad, November 26, 2024 – Political instability is posing significant challenges for the Federal Board of Revenue (FBR) in achieving its tax collection target for November 2024, according to sources within the department.
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EOBI to Establish Helpdesk for SITE Association Members
Karachi, November 25, 2024 – Dr. Javed Shaikh, Acting Chairman of Employees Old-Age Benefit Institution (EOBI), has announced to set up EOBI Helpdesk on every Monday at the premises of SITE Association of Industry to facilitate members in resolution of their issues related to EOBI.
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