Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on April 23, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at... Read more
View ArticleEngro Corporation announces launch in telecom infrastructure sector following...
Karachi: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the first quarter ended March 31st, 2019, at a meeting held yesterday... Read more
View ArticleGodrej Properties purchases R.K. Studios’ land to develop a mixed-use project
MUMBAI, INDIA: Godrej Properties Ltd., one of India’s leading real estate developers, announced the addition of a new project in Chembur, Mumbai. Spread across 2.2... Read more
View ArticleHSBC Holdings reports 31% growth in net profit to $4.9 billion for 1Q 2019
LONDON: HSBC Holdings has reported profit after tax $4.9 billion for the quarter ended March 31, 2019, which is up 31% from the profits recorded... Read more
View ArticleSales Commence at Leigh Creek Copper Mine
SYDNEY: Strategic Minerals plc, a producing mineral company actively developing projects prospective for battery materials, is pleased to announce that the Leigh Creek Copper Mine... Read more
View ArticleFlorida Legislature approves the operation of autonomous vehicles and control...
LONDON: Tekcapital Plc, the UK intellectual property (IP) investment group focused on creating marketplace value from investing in university technology, has announce an update from... Read more
View ArticleSeapulse announces three UK offshore exploration wells as part of planned...
HAMILTON, BERMUDA: Seapulse Limited, the global oil and gas explorer, is pleased to announce it has signed farm-in agreements for two UK Continental Shelf licences... Read more
View ArticleMeezan Bank and Central Depository Company join hands to provide Shares...
Meezan Bank Pakistan’s leading Islamic bank and the Best Bank in Pakistan, has recently joined hands with Central Depository Company (CDC) – the sole securities... Read more
View ArticleNutrition Problems of Children Hindering Nation’s Growth, Says Experts
Islamabad: A media dialogue on the nutrition situation affecting children, adolescents and women of Pakistan was organised by the United Nations Children’s Fund (UNICEF) here... Read more
View ArticlePakistan equities decline 2.7% on concerns over ongoing talks with the IMF
KARACHI: Pakistan Stock Exchange (PSX) fell victim to bearish sentiments for the fifth week in succession as the benchmark KSE-100 index shed another 1,008 points... Read more
View ArticleEU releases proposal on new WTO rules for electronic commerce
LONDON: The European Union (EU) has made public its text proposal on future rules and obligations on e-commerce as part of WTO negotiations on e-commerce... Read more
View ArticleEmployers’ Federation of Pakistan proposes gradual reduction of sales tax to...
KARACHI: The Employers’ Federation of Pakistan has proposed that in order to bring down the sales tax on industrial inputs the rate be gradually reduced... Read more
View ArticleFED in range of 2.5% to 7.5% imposed on locally assembled cars
KARACHI: The Federal Budget 2019-20 has proposed Federal Excise Duty (FED) in the range of 2.5% to 7.5% on locally manufactured or assembled motor cars,... Read more
View ArticleAt least stock market is happy with the PTI government’s first budget
KARACHI: The stock market has welcomed the federal budget 2019-20, as no additional taxes were imposed on the equity market, and traders believe the market... Read more
View ArticlePak-Qatar Family Takaful Launches Family Sehat Plan
Karachi: Pak-Qatar Family Takaful, Pakistan’s first and largest Takaful Company proudly announces the launch of its Family Sehat Plan. It is considered among the first ... Read more
View ArticleTax collected from commercial importers, ship breakers at import stage made...
KARACHI: The Finance Bill 2019 has proposed to reintroduce minimum tax for commercial importers and ship breakers for tax collected at import stage. The Tax... Read more
View ArticleWithholding tax from payments under cohesive business operation rationalized
KARACHI: The Finance Bill 2019 has proposed certain amendments to address the practical issues which were being faced by withholding agents of non-resident contractors in... Read more
View ArticleRevamping of Alternative Dispute Resolution Mechanism
KARACHI: The procedure of settlement of dispute through Alternative Dispute Resolution mechanism is essentially recommendatory in nature. The Federal Board of Revenue (FBR) is not... Read more
View ArticlePakistan’s automobile sales plunge 21%, strong headwinds ahead for the industry
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) released monthly Automobile sales data for May 2019 wherein total automobile sales for the month declined 21% YoY to... Read more
View ArticleTextile sectors announce protests across the country
KARACHI: It seems the business community is losing faith in the government’s ability even to understand the country’s trade and economic system, as the value... Read more
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