Govt needs to rethink ban on non-filers from investing in property: ICCI
ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) Acting President Muhammad Naveed Malik has called upon the government to review the decision...
Rupee depreciates to all-time low of Rs121 against greenback in inter-bank market
The dollar which was previously trading at Rs115.63 in the inter-bank market, rose by Rs5.38, as per foreign exchange dealers on Monday
Insafian vs Nooni: The choice before the voters
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ICCI demands exemption from tax inquiry of selected cases
Muhammad Naveed Malik said that in the Budget 2018-19, the outgoing government had extended the threshold for income tax up to Rs.1.2 million due to which almost 80 per cent of small taxpayers would go below the tax level in the next financial year.
Property tax collection plunged 20 percent in July-April FY18
Punjab’s property tax collection fell 31.62 percent, to touch Rs2.66 billion in first ten months of FY18, compared to Rs3.88 billion in the same period of FY17
Asian shares fall ahead of G7 summit, central bank meetings
Japan’s benchmark Nikkei 225 shed less than 0.1 percent to 22,813.58 in early trading. Australia’s S&P/ASX 200 inched down less than 0.1 percent to 6,056.00. South Korea’s Kospi lost 0.4 percent to 2,460.14.
Oil prices stable but increasing US supply looms
Brent crude futures, the international benchmark for oil prices, were at $77.24 per barrel at 0317 GMT, a notch below their last close
Oil and gas reserves to end after 10 years, reveals petroleum division
ISLAMABAD: Senate Standing Committee on Petroleum was informed on Thursday that the country’s existing oil reserves will see an end only after 10 years...
Gold inches up as euro gains against dollar
Spot gold was up 0.1 percent at $1,297.46 per ounce by 0703 GMT, while U.S. gold futures for August delivery were largely unchanged at $1,301.50 per ounce
FBR seeks clearance of SC regarding tax amnesty scheme
The top brass of the FBR said no move would be initiated regarding the tax amnesty scheme till the Supreme Court (SC) would provide them clear directives on the subject
Asian stock markets rise, following rally on Wall Street
Japan’s Nikkei 225 jumped 1 percent to 22,839.85 and the Shanghai Composite Index added 0.2 percent to 3,120.46.
Oil prices rise, as exports plunge from Venezuela
U.S. crude oil production hit another record last week at 10.8 million barrels per day (bpd). That’s a 28 percent gain in two years, or an average 2.3 percent growth rate per month since mid-2016
Japan’s Sojitz Corp to invest $136.9 million for assembling Hyundai vehicles in Pakistan
Sales will be carried out through distributor-owned dealers and franchise dealers, with the goal of reaching 6% market share by 2024, read a stock market notification
Abraaj in doldrums, as Kuwaiti creditor refuses deal, may prompt provisional liquidation
Sources said the standstill agreement was needed to help facilitate the sale of its investment management business to Cerberus.
Asian stocks mixed as trade war fears set in
Japan’s benchmark Nikkei 225 index rose 0.1 percent to 22,497.89 but South Korea’s Kospi lost 0.1 percent to 2,445.37.