KARACHI – Henry Ensher, Deputy Assistant Secretary of the Bureau of South and Central Asian Affairs, emphasized the geopolitical importance of Pakistan for regional investment during a meeting with Sindh Governor Imran Ismail on Friday.
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KSE-100 index ends down by 445 points on profit taking
KARACHI – The Pakistan Stock Exchange (PSX) experienced a notable downturn on Friday as the benchmark KSE-100 index fell by 445 points, closing at 40,887 points compared to the previous day’s 41,333 points.
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Rupee falls by 16 paisas to US dollar
KARACHI – The Pakistan Rupee experienced a depreciation of 16 paisas against the US dollar on Friday, primarily driven by heightened demand from importers and corporate buyers.
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KCCI shows concerns over gas shutdown to industries
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) has expressed serious concerns over abrupt shutdown of gas supply to industries and said that such closure caused immense losses to the tune of billions of rupees.
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KSE-100 index falls by 483 points in mid-day trading
KARACHI – The Pakistan Stock Exchange (PSX) experienced a significant downturn today as the benchmark KSE-100 index plummeted by 483 points or 1.17 percent at 12:00 PM, currently trading at 40,850 points.
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Engro Foods’ after tax annual profit falls by 83pc
KARACHI – Engro Foods Limited, a prominent player in the Pakistani dairy industry, has announced an 83% decline in net profit for the fiscal year 2018, according to financial statements submitted to the Pakistan Stock Exchange (PSX) on Friday.
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Rupee weakens against dollar in early trading
KARACHI – In the early trading hours on Friday, the Pakistan Rupee faced a decline of six paisas against the US dollar, reaching Rs138.30 in response to increased demand for import and corporate payments.
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Income Tax Ordinance 2001: payment of advance tax on quarterly basis
KARACHI: Taxpayers are liable to pay advance tax against their estimated annual income on quarterly basis under Income Tax Ordinance, 2001.
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SBP estimates ICT exports worth $1.5bn remain undocumented
KARACHI: State Bank of Pakistan (SBP) has estimated that around $1.5 billion exports in Information and Communications Technologies (ICT) are remained undocumented due to absence of major world’s leading payment solution provider and preference of cost saving.
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FBR set to launch Benami law to trace black money
ISLAMABAD: Federal Board of Revenue (FBR) is set to make Benami Law operational with strict action to confiscate property if it was held by a person and payment made by another person.
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