Bitcoin recovers after yesterday’s crash
KARACHI: Bitcoin has recovered on Wednesday after witnessed a decline below $30,000 a day earlier. The bitcoin on Wednesday bounced back above $34,000 mark to trade as high as $34,367 […]
General Sales Tax on wheat bran taken back: FBR
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday said that the proposal of 17 percent sales tax on wheat bran has been taken back. In a statement, the FBR said […]
Rules for computation of profit and gains for SMEs
ISLAMABAD: Rules have been issued for computation of profit and gains of Small and Medium enterprises (SMEs). The SMEs shall be required to register with the Federal Board of Revenue […]
Bill proposes date extension to amnesty for builders and developers
ISLAMABAD: The Finance Bill, 2021 has proposed to extend key dates for an amnesty to builders and developers who opt to pay tax computed under special provisions. KPMG Taseer Hadi […]
FBR makes huge seizure of smartphones, drives at Islamabad Airport
ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday made a huge seizure of smartphones and drives worth Rs50 million at Islamabad International Airport. A FBR spokesman said that in line […]
Beverage Cans IPO oversubscribed three times; raises Rs4.6 billion
KARACHI: The book-building phase of Pakistan Aluminium Beverage Cans Ltd (PABC)’s Initial Public Offer (IPO) has concluded with an oversubscription of 3.3 times, the company said on Wednesday. The IPO […]
Stocks end down by 86 points on selling pressure
KARACHI: The stock market ended down by 86 points on Wednesday amid range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at […]
Karachi Interbank Offered Rates on June 23, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued the following Karachi Interbank Offered Rates (KIBOR) for June 23, 2021. Tenor BID OFFER 1 – Week 6.86 7.36 2 – […]
Rupee weakens by 34 paisas against dollar
KARACHI: The Pak Rupee fell by 34 paisas against the dollar on Wednesday owing to higher demand for import and corporate payments. The rupee ended Rs158.53 to the dollar from […]
Bitcoin plunges below $30,000; other cryptocurrencies mirror crash
LONDON: Bitcoin on Tuesday plunged below $30,000 after a crackdown launched by Chinese central bank. Bitcoin made around 50 per cent losses since it hit an all time high in […]