Pakistan Revenue
KARACHI: Bank Alfalah Islamic Banking has recently signed Memorandum of Understanding (MoU) for Strategic Partnership with Centre for Islamic Finance (CIF) at Lahore University of Management Sciences (LUMS) to jointly setup a research initiative to promote Pakistan’s first ever asset side Musharakah based financing product. According to a statement on Tuesday, the agreement between one […]
Continue Reading
KARACHI: Hutchison Ports Pakistan has announced to deploy five new hybrid yard cranes as the terminal continues with its productivity enhancement program and to provide better customer service. It brings the terminal’s total number of hybrid yard cranes to 31, said a statement on Tuesday. This new batch of equipment will improve the overall service […]
Continue Reading
KARACHI: Pakistan Stock Exchange (PSX) has warned Pakistan International Airline (PIA) of suspending share trading from May 22, 2019 for non-compliance of regulations.
Continue Reading
KARACHI: Employees Old-Age Benefits Institution (EOBI) has disbursed Rs35 billion to pensioners during the current fiscal year. “The disbursement will increase to Rs46 billion during the next fiscal year,” Azhar Hameed, Chairman, EOBI, said on Monday while addressing members of Korangi Association of Trade and Industry (KATI). President KATI Danish Khan, Senior Vice President Faraz-ur-Rehman, […]
Continue Reading
KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) fell by 242 points on Tuesday due to concerns over economic condition in post IMF program. The share market closed at 36,784 points as against 37,026 points showing a decline of 242 points. Analyst at Next Capital Limited said that the stock market plunged amid […]
Continue Reading
ISLAMABAD: Power Distribution Companies (DISCOs) have published the list of defaulters above Rs 1 million on their website, said a statement on Tuesday.
Continue Reading
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly criticized the ministry of commerce for ignoring the apex trade body at the recent important visit of Prime Minister Imran Khan to China. President FPCCI Engr. Daroo Khan Achakzai regretted that the ministry of commerce specially the Advisor to Prime Minister on Commerce […]
Continue Reading
KARACHI: The Pak Rupee made gain against dollar on Tuesday after maintaining levels for 11 consecutive days. The rupee ended at Rs141.39 to the dollar from previous day’s closing of Rs141.40 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs141.39 and Rs141.40. The market recorded a high […]
Continue Reading
ISLAMABAD: Chairman of ExxonMobil, Alex Volkov with his team met Ali Haider Zaidi, Minister for Maritime Affairs here on Tuesday.In a tweet message by the minister stated that productive discussions took place on the LNG requirements in Pakistan and the offshore drilling project off the coast of Karachi.
Continue Reading
KARACHI: Federal Board of Revenue (FBR) may post an officer of Inland Revenue to the premises of a registered taxpayer to monitor sale, purchase and production activities. The Section 40 of updated Sales Tax Act, 1990 explained the powers of FBR and Inland Revenue officers under the law. Section 40: Searches under warrant Sub-Section (1): […]
Continue Reading