Karachi, May 15, 2019: The tractor manufacturers have urged the Federal Board of Revenue (FBR) to reduce refund claims by eliminating General Sales Tax (GST) at import stage, which is touching 1,900 million on annual basis for the industry. “This will, in turn, give a sign of relief to the local tractor industry,” suggested Chief…
Six Technical Textile Manufacturers are participating from Pakistan The International exhibitors are presenting the entire spectrum of technical textiles, functional apparel textiles and textile technologies at Techtextil in Frankfurt am Main from 14 to 17 May 2019. Texprocess, the leading trade fair for the garment manufacturing and textile processing industry, is taking place at the same time…
Karachi, May 15, 2019: Market made a positive move on Wednesday, courtesy of Amnesty Scheme as well as news of successful drilling at Kekra. Resultantly, E&P scrips performed well and Investors, in general, took positive bets on Fertilizer, Cement, Banks, and Steel. Cement sector topped the volumes table with 19.4 million shares, followed by Banks (14…
Karachi, May 15, 2019: K-Electric (KE) defeated National Bank of Pakistan (NBP) by 51 runs in their second match of the 7th Corporate T20 Cup, held at Moin Khan Academy, Karachi. A score of 56 runs by Ramiz Aziz, who was well supported by Umair Yousuf with 35 runs, enabled KE to set a respectable target…
Foreign investor’s body looking forward to a major change in the Taxation structure and tax culture Karachi, May 15, 2019: The Overseas Investors Chamber of Commerce and Industry (OICCI), has appreciated the appointment of well-known tax expert Shabbar Zaidi as Chairman of the Federal Board of Revenue (FBR). The OICCI President, Shazia Syed commenting on the appointment…