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SBP introduces incentive, penalty mechanism for banks to promote housing, construction financing
KARACHI: Building upon its earlier measure of setting mandatory target for banks to extend mortgage loans and financing for developers...
Airlines’ pilots avail tax concession worth Rs430m on allowances
ISLAMABAD: Pilots of Pakistani airlines have availed tax concession to the tune of Rs430 million during tax year 2020 on...
Mediacom wins $2.5m offline media Uber account in Pakistan
LAHORE: Following a global media review, Uber has selected Mediacom as its new global media agency to handle $190 million...
USD weakens to Rs163.97 against PKR
KARACHI: The US dollar on Wednesday weakened against the Pak Rupee to Rs163.97 as sufficient supply was seen in the...
KPT shipping intelligence report Oct 7
KARACHI: The Karachi Port Trust (KPT) issued the following shipping report for the last 24 hours, ending 0700 hours on...
NAB tightens noose around ex-mayor Islamabad, obtains important record
ISLAMABAD: National Accountability Bureau (NAB) has tightened noose around former Mayor of Islamabad Ansar Aziz in alleged corruption investigations and...
Asian stocks inch up, defy US stimulus gloom
SINGAPORE/NEW YORK: Asian stock markets edged higher on Wednesday, brushing off Wall Street’s weaker finish, which came after U.S. President...
M/s International Food Stuffs &M/s IFFCO Pakistan moves SHC for securing trademark
KARACHI: M/s International Food Stuffs Co and M/s IFFCO Pakistan Private Limited has approached the Sindh High Court (SHC) and...
RCCI shows concern on growing political & economic uncertainty
RAWALPINDI: The Business community of Rawalpindi city has shown strong concern on growing political uncertainty which ultimately affect the economy...
Teachers, researchers avail income tax exemption worth Rs2.42b: FBR
ISLAMABAD: Teachers and researchers have availed tax exemption to the tune of Rs2.42 billion on their income during Tax Year...
Customs Hyderabad lodges FIR against M/s Huffaz Seamless Pipe Ltd for dishonoring of cheques
KARACHI: The Customs Court directed investigation officer to complete investigations and submit progress report against Hafiz Abdul Majeed, CEO/ Director...
C&STPA seeks contempt proceedings against delinquent customs officials regarding provisional release issue
KARACHI: Customs & Sales Tax Practitioners Association (C&STPA) approached the Sindh High Court (SHC) and filed constitutional petition for initiating...
Collection of WHT from cash withdrawal declines by 52pc
ISLAMABAD: The collection of withholding tax has sharply declined by 52 percent during tax year 2020 as the tax was...
DG Valuation revises customs values of PVC flooring vide VR No 1476
KARACHI: Directorate-General of Customs Valuation Director Shafiq Ahmad Latki has determined customs values of PVC flooring PCT (3918.1000) under Section...
ECC allows SNGPL for recovery of revenue shortfall
ISLAMABAD: Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh chaired the meeting of the Economic...
CDNS achieves collection of Rs10b by Sep 30
ISLAMABAD: The Central Directorate of National Savings (CDNS) has achieved collection net target of Rs10 billion by of fiscal year...
Customs values of formic acid revised vide VR No 1475/2020
KARACHI: Directorate-General Customs Valuation Director Shafiq Ahmad Latki has determined customs values of Formic Acid vide Valuation Ruling No. 1474/2020...
PSX holds gong ceremony to mark launch of ETFs
KARACHI: Pakistan Stock Exchange (PSX) held a gong ceremony today to formally mark the launch of Exchange Traded Funds (ETFs)...
Multan Adjudication adjourns five seizure cases
MULTAN: Collectorate of Customs Adjudication Multan Camp Office has adjourned hearing of 5 seizure cases forwarded by Anti-Smuggling Organization and...
Asian stocks at two-week high as Trump returns to White House
SINGAPORE: Asian stock markets advanced to a two-week high on Tuesday after U.S. President Donald Trump was discharged from hospital...
