Decrease in sales tax on petroleum products may cause Rs60 billion in losses
To shield the end consumer from the full impact of rising oil prices, the government has been reducing sales tax which according to tax authorities estimates a sharp decrease of 46 percent in revenue collection in November 2018
PSX closes 510 points down on selling pressure
KARACHI: It wasn’t the best start to the week for investors at the Pakistan Stock Exchange (PSX), as the market came under selling...
KSE-100 index crashes 906.5 points during intra-day trading
The market had been buoyed through most of last week gaining over 1,400 points in week and first time since April that all five sessions of the week closed in green
Customs Today: the fake news portal used to threaten global shipping companies in Pakistan
A group of toy importers has taken to planting untrue stories on a news website in a bid to blackmail major shipping companies into cooperating with their tax evasion scheme
PSX gains over 1,400 points in week despite protests
First time since April that all five sessions of the week closed in green
KARACHI:Â The Pakistan Stock Exchange (PSX) during the last...
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Trump says ‘I think we’ll make a deal with China’ on trade
The United States has imposed tariffs on $250 billion worth of Chinese goods so far, while China has retaliated with $110 billion worth of tariffs on U.S. goods
Oil drops 1% as U.S. allows Iran sanctions waivers
Both contracts have fallen more than 15 percent from the near four-year highs touched in early October on worries the looming Iran sanctions could drain supply from global markets
FBR to brief PM about administrative measures to boost revenue collection
The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals
WHT collection from non-cash banking transaction plunge 14% in July-Sep FY19
The decline was attributed to measures were taken by the government to encourage the declaration of assets and filing of yearly returns
Govt discerns over 24,000 properties for privatisation to raise proceeds
The cabinet was informed that around 24,066 properties fell in three brackets, rest house, federal government property and residence
‘More investors needed to transform Pakistan’s capital market’
PSX chief says Pakistan will have to bring the capital market into documented economy.
KARACHI:Â Pakistan Stock Exchange (PSX) Chief Executive Officer Richard...
PSX ignores countrywide protests to extend gains Â
Index reacts to PM Khan’s visit to China, gains 287 points to close week in green
KARACHI:Â Despite the ongoing countrywide protests, the...
Yen falls, Australian dollar gains as U.S.-China trade angst eases
Worries about Chinese economic growth and the trade row had pushed the offshore yuan to a 22-month trough of 6.9800 midweek.
PSX stays afloat amid volatility, gains 66.74 points
Foreign investors continued to off-load on Wednesday once again with a net outflow of $1.06 million