KARACHI: The government is reportedly considering the abolition of the advance tax on the sale and purchase of shares in the capital market, a move prompted by the Pakistan Stock Exchange (PSX) and Pakistan Stockbrokers Association’s demands.
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Value added sector seeks tax credit on equity investment for individuals, AOPs
KARACHI: The value added sector, represented by the Pakistan Hosiery Manufacturers and Exporters Association (PHMA), has reached out to Finance Minister Asad Umar, urging the government to grant tax credit for equity investment to business individuals and Associations of Persons (AOPs).
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Rupee eases by 10 paisas in open market
KARACHI: The Pakistani Rupee witnessed a marginal depreciation of 10 paisas against the US Dollar in the open market on Saturday.
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Mini budget to be presented on January 23: Asad Umar
KARACHI: Finance Minister Asad Umar has confirmed that the planned mini budget will be unveiled on January 23, 2019. This update came during his visit to the Karachi Chamber of Commerce and Industry (KCCI), where he elaborated on the government’s intentions behind this financial move.
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Weekly Review: Equity market’s sentiments high on abolishing of advance tax
The equity market’s sentiments are high due to commitment of the prime minister for abolishing the advance tax for stock market.
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President reconstitutes National Finance Commission
ISLAMABAD: In a significant move, President Dr. Arif Alvi has reconstituted the National Finance Commission (NFC), an essential body responsible for fiscal resource distribution in Pakistan.
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KSE-100 sheds 41 points amid cautious trading
KARACHI: The Pakistan Stock Exchange (PSX) experienced a slight downturn on Friday, with the benchmark KSE-100 index shedding 41 points amid cautious trading.
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Rupee ends firmer against dollar
KARACHI – The Pakistani Rupee remained relatively stable against the US Dollar in range-bound trading on Friday, concluding the day’s session at Rs138.85 to the dollar, compared to the previous day’s rate of Rs138.86 in the interbank foreign exchange market.
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Meat exporters invited to explore Malaysian market
KARACHI – Malaysia has invited meat exporters from Pakistan to explore Malaysia markets. Haji Roslin Abdul Rehman, the Economic Advisor to Malaysia’s Terengganu Province, has urged the business community of Pakistan to consider the significant opportunity of exporting meat to Malaysia.
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China gives four scanners to Pakistan Customs for preventing currency smuggling
ISLAMABAD – In a gesture of goodwill and cooperation, China has donated four advanced X-Ray scanners to the Pakistan Custom Wing of the Federal Board of Revenue (FBR).
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