Pakistan Revenue
KARACHI: The profits of banking sector have declined by 7 percent to Rs149 billion in 2018 as compared with around Rs160 billion in the preceding year, according to analysis of Topline Research issued on Tuesday. The analysts said that for 2018, despite 10 percent YoY increase in Net Interest Income (NII), profits were down 7 […]
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ISLAMABAD: Prime Minister Imran Khan has approved quota of 20 percent for appointing overseas Pakistanis to the post of trade officers in Pakistan’s missions abroad. The decision was taken during a meeting regarding reforms in posting of Trade Officers Abroad, a statement said on Tuesday. It may be recalled that the prime minister had directed […]
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ISLAMABAD: Finance Minister Asad Umar on Tuesday issued instructions for expeditiously completing formalities for setting up new LNG terminal at Port Qasim. The finance minister issued the directive while chairing the meeting of Economic Coordination Committee of the Cabinet (ECC) on Tuesday. The committee considered proposals from different ministries/ Divisions. Ministry of Maritime Affairs briefed […]
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KARACHI: The Pak Rupee depreciated by 12 paisas against the US dollar in early trade on Tuesday owing to high demand for import and corporate payment. The dollar is being traded at Rs138.80 in interbank foreign exchange market. The exchange rate was ended a day earlier at Rs138.68 in the foreign exchange market. Currency dealer […]
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KARACHI: Every withholding agent is required to provide details of each person whose withholding tax is deducted or whom withholding tax is paid through a monthly statement to Federal Board of Revenue (FBR). According to updated Income Tax Ordinance, 2001 the withholding agent is required to provide information including name, CNIC and address of each […]
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KARACHI: The recent increase of 20 percent is benefiting about 388,684 pensioners of Employees Old-Age Benefit Institution (EOBI), said a statement on Monday. The present government has honored its commitment of EOBI pension. Therefore, EOB Pension rate is now increased by 20 percent effective from September, 2018. The total increase of Rs5 billion is shared […]
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ISLAMABAD: Pakistan Customs has surpassed its target by collecting Rs 444 billion in first eight months of the current financial year i.e. July-February 2018-19, Federal Board of Revenue (FBR) said on Monday. Target for collection of customs duty for first eight months was Rs 436 billion, 21 percent higher than the target for the same […]
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KARACHI: Prime Minister Imran Khan has asked business community to give their suggestions for a new tax amnesty scheme, said Junaid Makda, President, Karachi Chamber of Commerce and Industry (KCCI) on Monday. Makda said that the prime minister recently met representatives of chambers and associations of the country, including KCCI, to take feedback on the […]
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KARACHI: The equity market ended with gain of 211 points as tension eases between Pakistan and India. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 39,750 points as against 39,539 points showing an increase of 211 points. Analysts at Arif Habib Limited said that the market seems to have taken the path […]
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KARACHI: The Pak Rupee ended down by 15 paisas against dollar on Monday owing to demand for import and corporate payments. The foreign currency market ended at Rs138.68 to the dollar as compared with last Friday’s closing of Rs138.53. The interbank foreign exchange market was initiated in the range of Rs138.70 and Rs138.85. The market […]
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