KARACHI – A multinational joint venture comprising ENI, Exploration and Production Pakistan BV (EEPP), and Pakistan Petroleum Limited (PPL) has initiated the preliminary phase of offshore drilling for oil and gas in Karachi’s ultra-deep waters.
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KSE-100 gains 364 points on expected relief in mini budget
KARACHI – The Pakistan Stock Exchange (PSX) saw a significant surge as the benchmark KSE-100 index ended the trading session with a gain of 364 points, closing at 39,413 points as opposed to 39,049 points, offering a positive start to the trading week.
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SBP launches campaign for National Financial Literary Program on January 15
KARACHI – The State Bank of Pakistan (SBP) announced on Monday the launch of a comprehensive mass media campaign to raise awareness and promote the National Financial Literacy Program (NFLP), which aims to enhance financial education and empower individuals across the country.
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Rupee ends down on import demand
The Pakistani Rupee (PKR) saw a minor depreciation of eight paisas against the US Dollar (USD) on Monday, primarily due to heightened demand for the greenback, driven by import and corporate payments.
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Foreign investors spend over Rs20 billion in CSR activities during 2018
Foreign investors who are part of the Overseas Investors Chamber of Commerce and Industry (OICCI) have collectively invested more than Rs. 20 billion under corporate social responsibility (CSR) in Pakistan over the past year, according to Irfan Wahab Khan, President of OICCI.
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Inflation increases more faster for lower income group
In Pakistan, the prices of essential items have witnessed a more rapid increase for lower income groups earning up to Rs8,000 per month in comparison to other income segments.
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Rupee weakens against dollar in early trade
The Pakistani Rupee (PKR) experienced a decline of six paisas against the US Dollar (USD) in early trading on Monday within the Interbank Foreign Exchange Market. The exchange rate now stands at Rs138.91 for one US Dollar.
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Income Tax Ordinance, 2001: Commissioner IR can issue assessment order on day return filed
The Federal Board of Revenue (FBR) in Pakistan has granted the Commissioner Inland Revenue the authority to issue assessment orders against a tax return on the very date it is filed.
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Auction of confiscated vehicles on Jan 23 by Rawalpindi Customs Intelligence
The Directorate of Intelligence and Investigation – Customs, Rawalpindi, has officially declared a public auction of confiscated vehicles scheduled for January 23, 2019.
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FBR issues updated withholding tax card for Tax Year 2019
The Federal Board of Revenue (FBR) in Pakistan has announced the issuance of an updated rate card for withholding tax for Tax Year 2019, incorporating amendments introduced through the Finance Supplementary Act of 2018.
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