Karachi, June 10, 2023 – Gold prices in Pakistan observed a decline on Saturday, influenced by the decrease in international gold prices and government actions aimed at managing dollar outflow.
(more…)Category: Stock & Commodity
-
NCCPL Authorized to Collect Super Tax on Capital Gains
In a significant development, the National Clearing Company of Pakistan Limited (NCCPL) has been granted the authority to collect super tax on capital gains.
(more…) -
Government Introduces 1% Minimum Tax Rate for PSX Listed Companies
The government of Pakistan has announced a new minimum tax rate of 1% for companies listed on the Pakistan Stock Exchange (PSX). This proposal is part of the amendments to tax rates related to the Minimum Tax under the Income Tax Ordinance, 2001, as outlined in the Finance Bill, 2023.
(more…) -
Pakistan Imposes 10% Income Tax on Bonus Shares Issued by Companies
The government of Pakistan has introduced a new measure through the Finance Bill, 2023, which imposes a 10 percent income tax on the issuance of bonus shares by companies to their shareholders. This tax is implemented under a new section, 236Z, of the Income Tax Ordinance, 2001.
(more…) -
Weekly Review: Pakistan Stocks Anticipate Impact of Budgetary Measures
In the aftermath of the federal budget announcement for the fiscal year 2023-24, Pakistan’s stock market is poised for a potential reaction to the government’s budgetary measures.
(more…) -
Today gold and silver rates in Pakistan – June 10, 2023
The updated rates of gold and silver in Pakistan, as of 9:00 AM on June 10, 2023, are as follows, displaying the previous close in the domestic market:
(more…) -
PSX Ends Up Week on Positive Note with 217.74 Points Gain
Karachi, June 9, 2023: The Pakistan Stock Exchange (PSX) concluded the week on a positive and optimistic note, with a notable gain of 217.74 points. Investors eagerly anticipated positive outcomes from the upcoming budget, leading to a strong and promising session.
(more…) -
Gold Prices Hike in Pakistan amid Budget Fear
Karachi, June 9, 2023: Gold prices in Pakistan witnessed a surge on Friday, fueled by concerns over the budget. This increase can be attributed to the upward trend in international gold markets.
(more…) -
Today gold and silver rates in Pakistan – June 9, 2023
The updated rates of gold and silver in Pakistan, as of 9:00 AM on June 9, 2023, are as follows, displaying the previous close in the domestic market:
(more…) -
Pakistan Economic Survey 2022-23 Reveals Volatility in Stock Market due to Uncertainties
Islamabad, June 8, 2023: The Pakistan Economic Survey 2022-23 released on Thursday revealed that the country’s stock market experienced volatility throughout the fiscal year, primarily influenced by political and economic uncertainties.
(more…)