Islamabad – Anticipation is running high in Pakistan as the country eagerly awaits the visit of Saudi Crown Prince, Mohammed bin Salman, scheduled for February 16, 2019.
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Allied Bank declares Rs12.88 billion PAT for year 2018
Karachi – Allied Bank Limited, one of Pakistan’s leading financial institutions, announced a profit after tax of Rs12.88 billion for the year 2018, reflecting a commendable 1.15 percent increase compared to the preceding year’s profit of Rs12.733 billion.
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FBR explains inclusion into ATL for availing tax benefits
ISLAMABAD: Federal Board of Revenue (FBR) has explained the inclusion into Active Taxpayers List (ATL) for availing reduced rates of withholding tax and other benefits.
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Arif Usmani appointed NBP President, CEO
Karachi – The federal government has officially appointed Arif Usmani as the President and Chief Executive Officer (CEO) of the National Bank of Pakistan (NBP), according to an official note received by the Pakistan Stock Exchange (PSX) on Wednesday.
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Rupee maintains level against dollar in early trading
Karachi – The Pakistani Rupee commenced the day by maintaining its value against the US Dollar on Wednesday, as reported by currency dealers.
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Persons who are not required to file annual income return
KARACHI: There are certain classes of persons who are not required to file annual return of income to Federal Board of Revenue (FBR).
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PTCL group’s revenue grows to Rs126.2 billion
KARACHI: Pakistan Telecommunication Company Limited (PTCL) Group’s revenue for the year 2018 has grown YoY by 8 percent to Rs126.2 billion as a result of positive contribution by all group companies.
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FBR withdraws additional customs duty on raw materials
Islamabad – The Federal Board of Revenue (FBR) has withdrawn additional customs duty on various imported raw materials.
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ECC approves Rs5.6 bn for grounded PIA planes
ISLAMABAD: The Economic Coordination Committee of (ECC) the Cabinet on Tuesday approved additional guarantees to Pakistan International Airlines Company Limited (PIACL) of Rs 5.6 billion for repair and maintenance of engines and acquisition of related spare parts for operationalizing grounded planes.
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Port Qasim Authority praised for successful handling LNG ships
Islamabad – Federal Minister for Maritime Affairs, Syed Ali Haider Zaidi, commended the Port Qasim Authority on Tuesday for its strategic management in handling the docking of LNG ships at berths. Zaidi emphasized that this proactive approach has played a crucial role in mitigating the impending gas crisis.
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