Indices bleed as external pressure mounts
Negative news regarding mounting Current Account Deficit and downgrade in credit outlook by Moody’s kept market under pressure during the week as index lost 5 per cent, closing at 41,637.
SC asks govt to reevaluate process of levying taxes on POL products
The Chairmen of Oil and Gas Regulatory Authority (Ogra), Federal Board of Revenue (FBR) and MD Pakistani State Oil (PSO) were instructed to provide reports about a fresh formula for the correct fixing of prices for POL products in a span of ten days
FBR hopeful of retrieving $3-4 billion under tax amnesty scheme
The FBR spokesman shared the response to the tax amnesty scheme had been overwhelming but said the last date of June 30th for declaring assets would not be extended
Pakistani’s sent an astounding $15.253 billion overseas in FY17: SC
The committee observed during FY17, a major amount of transfers were carried out from Pakistan via the illegal Hawala and Hundi mechanisms
Govt notifies revised oil licensing and fee structuring rules
The dispute had raged on since an out-of-court settlement was reached in June last year between Ogra and Oil Companies Advisory Council (OCAC) over the licensing and fee structure conditions
Private sector credit posts 4.25pc growth during July-Jun FY18: SBP
Islamic Bank lending growth plunged 45 percent, touching Rs72.650 billion during the period under review compared to Rs132.07 billion in the corresponding period of last year
FBR retrieves Rs970 million in pending tax amount from PIA
Tax officials shared PIA was a tax defaulter of Rs2.5 billion for two months under the category of federal excise duty (FED) collected from passengers on air tickets
Inflation set to trigger June onwards, experts believe
LAHORE:Â Three major trigger points are likely to push the June Consumer Price Index (CPI) that is expected to pick up the pace...
Finance ministry reviews matters related to FATF meetings
ISLAMABAD: The Finance Minister, Dr Shamshad Akhtar, in the wake of Financial Action Task Force (FATF) Plenary meeting in Paris, here on Friday chaired a meeting...
Pakistan to start receiving information on offshore accounts in SeptemberÂ
ISLAMABAD:Â Pakistan is poised to receive information about offshore financial accounts in September 2018. This was stated by the spokesperson and member policy...
PSX arranges briefing on tax amnesty
KARACHI: The Pakistan Stock Exchange (PSX) Limited Friday arranged a briefing on tax amnesty for its TRE certificate holders and market participants.
The panellists on...
Chinese electric car manufacturers eye Pakistani market
KARACHI: The auto industry is transforming at unparalleled speeds and is converting technology from fossil-fuel based vehicles to electric motor engines to...
Market Daily: KSE 100 sheds 5 per cent WoW
KSE 100 index closed down 721.23 points (-1.70 per cent) at 41,637.38 on the last trading day of the week
PM seeks answers over Sost border trade dispute
ISLAMABAD: With serious reservations being shown from various quarters including the Chinese over the suspension of bilateral trade through the Sost border, the...
Cellular service subscribers surge to 150.3mn
The Pakistan Telecom Authority (PTA) announced on Thursday said that the number of cellular service subscribers across Pakistan have crossed 150 million.
PTA...