Karachi, August 27, 2024 – The Korangi Association of Trade and Industry (KATI) announced on Tuesday its support for the nationwide shutter down strike called by traders across Pakistan.
(more…)Author: Shahnawaz Akhter
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Rupee Strengthens for 2nd Day, Ends at PKR 278.32 to Dollar
Karachi, August 27, 2024 – The Pakistani rupee recorded its second consecutive gain against the US dollar on Tuesday, closing at PKR 278.32 in the interbank foreign exchange market.
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PSO Registers Staggering 180% Jump in FY24 Profit
Karachi, August 27, 2024 – Pakistan State Oil (PSO) has reported an extraordinary 180% increase in net profit for the fiscal year 2023-24, marking a significant achievement for the country’s leading oil marketing company.
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SITE Association Endorses Traders August 28 Strike
Karachi, August 27, 2024 – The SITE Association of Industry, a prominent representative body of industrialists in Karachi, has declared its support for the traders’ strike set for August 28, 2024.
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FPCCI Demands Immediate Cut in Policy Rate to 15%
Karachi – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has called on the State Bank of Pakistan (SBP) to immediately reduce the key policy rate to 15%. This demand comes in response to what the FPCCI views as insufficient cuts in the policy rate over the last two monetary policy meetings.
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FBR Suspends Customs Officer for Choice Posting Pressure
KARACHI, August 27, 2024: The Federal Board of Revenue (FBR) has suspended Jawad-ul-Hassan, a BS-18 officer of the Pakistan Customs Service (PCS), for 120 days due to alleged misconduct involving pressuring authorities for a preferred posting.
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KCCI Members Urged to Diversify Exports to Malawi
Karachi, August 26, 2024 – The Honorary Consul General of the Republic of Malawi, Abdullah Zaki, has encouraged the members of the Karachi Chamber of Commerce and Industry (KCCI) to diversify their exports to Malawi.
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PTBA Suggests Measures for Efficient ATIR Operations
Karachi, August 26, 2024 – The Pakistan Tax Bar Association (PTBA) has proposed several measures to enhance the operational efficiency of the Appellate Tribunal Inland Revenue (ATIR).
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Pakistan Stocks Shed 230 Points Amid Profit Selling
Karachi, August 26, 2024 – Pakistan stocks fell on Monday as the KSE-100 index of the Pakistan Stock Exchange (PSX) lost 230 points, closing at 78,571 points, down from last Friday’s closing of 78,801 points. The decline was largely due to profit-taking by investors, who opted to sell off their holdings as the index neared the 79,000-point psychological level.
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FBR Unveils Tax Guidelines for Salary Income in 2024-25
Karachi, August 26, 2024 – The Federal Board of Revenue (FBR) has issued a detailed explanation regarding the taxable salary income for the tax year 2024-25, according to the Income Tax Ordinance, 2001, updated until June 30, 2024.
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