NCPL posts profit of Rs3.406 billion in FY18
The decline in net sales was attributed to the lower level of dispatches, down 30 percent YoY, however, furnace oil had undergone an increase of 27 percent YoY.
RBI pumps in liquidity to ease cash crunch; bond markets rally
The government will effectively cut its market borrowing by 700 billion rupees due to higher-than-expected earnings of 750 billion rupees through its small savings scheme
Asia factory activity sputters as trade woes hit export orders
Manufacturing activity weakened in Vietnam and Indonesia last month, while Taiwan’s factories grew at the slowest pace in more than two years on sluggish export orders, according to business surveys released on Monday
Brent crude touches four-year high, as Iran sanctions loom
Benchmark Brent crude oil futures rose to as much as $83.27 a barrel and were at $83.21 at 0339 GMT, up 48 cents, or 0.6 percent from their last close
FBR again misses the mark, collects Rs36 billion in taxes during 1st quarter
In the first quarter of FY19, the tax regulators’ provisional net revenue collection was recorded at Rs836 billion compared to Rs766 billion collected in the same period of FY18, according to an official handout published by FBR on Sunday
FBR to hold special audit for ‘creative’ defaulters
As many as 3,661 people got prepared draft declarations of trillions of rupees assets to get them legalised under the amnesty scheme
The...
Musk quits as Tesla chairman, agrees to pay $20m fine
Elon Musk has agreed to step down as chairman of Tesla and pay a $20 million fine in a deal to settle...
PEW criticises encouragement of non-filers
ISLAMABAD: The Pakistan Economy Watch (PEW) has said that relaxation given to non-filers to purchase property and cars has encouraged the tax...
Wall Street flat; Italy budget woes hit Europe, boost dollar
Wall Street ended flat, pulling back from early gains after Facebook disclosed a security breach
Cost to insure Tesla debt reaches highest price ever
It cost about $71,300 to insure $1 million of the electric carmaker’s debt, plus an upfront cost of around 22.45 percent, which was also at an all-time high, representing a total of 29.58 percent of the face value of the company’s 2025 junk bond, or around $295,000
Tax regulator may fail to attain quarterly tax collection target by Rs30 billion
With only two days left in September, till now less than 300,000 people and corporations have filed their annual income tax returns
Rupee downslide restarts, plummets to two-month lows of Rs126 against dollar
The local currency has remained below Rs126 since the end of July when it appreciated against the greenback on news of Pakistan Tehreek-e-Insaf (PTI) winning the general elections
FBR gears up to launch crackdown against tax evaders
An official who preferred to remain anonymous told the crackdown will commence from next week based on the details obtained under the exchange of information with OECD member countries
Govt constitutes subgroup in EAC to double tax collection
The sub-group has been assigned to formulate a tax policy by end of October
Late gains help PSX close a volatile trading week in green
KARACHI:Â After putting up a confused show, the Pakistan Stock Exchange managed to end the last trading session of the week in green....