Business
Proposals to strengthen international audit and ethics standard-setting process welcomed by ACCA
Karachi, July 22, 2020: Robust global auditing and ethical standards are essential for business, investor and public trust, says ACCA (the Association of Chartered Certified Accountants) following publication of the Monitoring Group’s paper explaining the way ahead. Speaking about the Monitoring Group’s recommendations, Maggie McGhee, executive director – governance at ACCA says: ‘This is a…
SAI demands attention on existing industrial zones first
Karachi, July 21, 2020: President of SITE Association of Industry Suleman Chawla, in a press statement, welcomed setting up of two new industrial zones in the Sindh provinces but at the same time, drawn attention of the Chief Minister towards the miserable condition of infrastructure in existing zones, particularly SITE industrial area, Karachi. Chawla demanded…
FBR allows 2pc income tax on chemicals and dyes raw materials
Karachi, July 21, 2020: The Federal Board of Revenue (FBR) has given relief to commercial importers by allowing them to pay 2pc income tax instead of 5.5pc due to anomalies of chemicals & dyes raw material, which was included in part 3 (finished goods). Pakistan Chemicals & Dyes Merchants Association (PCDMA) had pointed out in…
Export of dry dates to India demanded
Karachi, July 21, 2020: Ismail Suttar, President of Employers Federation of Pakistan (EFP), the Apex Body of Manufacturers of Pakistan, has demanded the government to resume exports of dry dates to India after the successful opening of Wagah Border under the Pakistan-Afghanistan Transit Trade Agreement, which allows transit trade for Afghanistan to India. With this…
Pakistan’s textile exports decline 6 pc
KARACHI, July 20, 2020: Pakistan textile export fell by 6 percent during the last fiscal year (FY20) mainly due to COVID-20, which impacted economies worldwide. Pakistan’s textile export declined to $12.5 billion end of the FY20, compared to $13.3 billion in the previous year, a plunge of some $800 million in exports in a year….