KARACHI: The car sales have declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value.
(more…)Author: Faisal Shahnawaz
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Pakistan’s import bill declines by 19.14pc in January
ISLAMABAD, February 5, 2019 – In a positive economic development, Pakistan’s import bill experienced a notable contraction, decreasing by 19.14 percent to $4.5 billion in January 2019, as reported by official statistics released on Monday.
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Textile mills demand uninterrupted gas supply for achieving export target
KARACHI: Textile mills have demanded federal and provincial government to ensure uninterrupted gas supply for achieving exports target.
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FBR launches Urdu version of Customs Act
Islamabad – The Federal Board of Revenue (FBR) has taken a significant step towards accessibility and transparency by launching the first Urdu version of the Customs Act, 1969.
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ATL-2017 shows 1.824 million active taxpayers
Islamabad – The Federal Board of Revenue (FBR) has reported the receipt of an impressive 1.824 million income tax returns for the tax year 2017 by the week ending February 10, 2019.
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Tax credit for investment in shares, insurance
KARACHI: The tax authorities have allowed tax credit for an individual against investment made in shares and insurance.
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Rupee eases by 20 paisas in open market
Karachi – The Pakistani rupee experienced a modest decline of 20 paisas against the US dollar in the open market on Saturday, driven by increased demand during the weekly holiday.
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Pakistan has geographical importance for investment
KARACHI – Henry Ensher, Deputy Assistant Secretary of the Bureau of South and Central Asian Affairs, emphasized the geopolitical importance of Pakistan for regional investment during a meeting with Sindh Governor Imran Ismail on Friday.
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KSE-100 index ends down by 445 points on profit taking
KARACHI – The Pakistan Stock Exchange (PSX) experienced a notable downturn on Friday as the benchmark KSE-100 index fell by 445 points, closing at 40,887 points compared to the previous day’s 41,333 points.
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Rupee falls by 16 paisas to US dollar
KARACHI – The Pakistan Rupee experienced a depreciation of 16 paisas against the US dollar on Friday, primarily driven by heightened demand from importers and corporate buyers.
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