Withholding tax rates on profit on banking deposits have been updated for tax year 2019. In a significant development for the financial sector, the Federal Board of Revenue (FBR) has announced updated withholding tax rates on profit earned from banking deposits for the tax year 2019.
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Prime Minister reviews progress on CPEC
Prime Minister Imran Khan convened a crucial meeting on Friday to assess the advancements in the China-Pakistan Economic Corridor (CPEC), a transformative economic initiative that has the potential to reshape the economic landscape of the region.
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KSE-100 gains 63 points in mixed trading
The benchmark KSE-100 index displayed a mixed trading session on Friday, ultimately closing with a modest gain of 63 points, reaching a level of 39,306 points compared to the previous day’s closing at 39,244 points.
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Rupee strengthens on shrinking current account deficit
The Pakistani Rupee exhibited strength against the US Dollar on Friday, gaining five paisas in the interbank foreign exchange market, with the exchange rate closing at Rs138.84 to the dollar.
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Ikram Sehgal appointed as K-Electric new chairman
The board of directors of K-Electric announced the appointment of Ikram Sehgal as Director and Chairman of the company. This decision comes following the cessation of Muhammad Tayyab Tareen’s role as Director and Chairman, effective January 18, 2019.
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Canada, Pakistan have potential to further grow trade ties
Canada and Pakistan have potential to further grow their trade ties, said Canadian Deputy High Commissioner, Ms. Wendy Gilmour while expressing her optimism.
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Govt. agrees to abolish withholding tax on cash withdrawal: KCCI
KARACHI: The government has agreed to abolish the withholding tax on cash withdrawals from bank accounts by filers.
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Colgate-Palmolive to deposit unclaimed dividend amount to national kitty
Colgate-Palmolive (Pakistan) Limited has made a significant announcement by declaring its intention to deposit the amount of unclaimed shares and unpaid dividends into the national treasury.
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Rupee gains two paisas in early trade
The Pakistani Rupee made gains of two paisas against the US Dollar in early trade on Friday. This adjustment in the exchange rate was driven by a lower demand for import payments.
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