Business
PCDMA retiarated to continue efforts to resolve double taxation issue of CIIRM
ABOLISH THE DISCRIMINATION IN TAXES BETWEEN COMMERCIAL IMPORTERS AND INDUSTRIAL IMPORTERS, SHAHID WASEEM. Karachi, August 8, 2019: PCDMA Chairman Shahid Vaseem has reiterated to continue his efforts to resolve the problems faced by Commercial Importers of Industrial Raw material (CRM) and try to make minimum level of taxes imposed by Government to make export compatible….
Stock declines 723 points
Karachi, August 7, 2019: Pakistan Stock Exchange was remained negative on Wednesday. Index closed at day’s low at -771 points (unadjusted), which was caused by a host of factors including weak economy, confrontation between Pakistan & India on Kashmir issue and poor results. Redemption at mutual funds kept the flow of selling across the board….
MCB Bank earning per share up by 14pc in 2QCY19
MCB Bank continues strong fiscal performance with 14pc growth in Profit before tax for the six months ended June 30, 2019 – Maintains industry’s highest quarterly payout of Rs. 4/share. Lahore, August 7, 2019: The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, on August 07, 2019 to…
Jazz sees intensified revenue growth of 20.5pc
Karachi, August 7, 2019: Jazz, Pakistan’s leading digital communications company, has announced its financial results for the second quarter of 2019. The company has recorded unprecedented total revenue growth of 20.5 percent year on year. In addition to an aggressive digital growth focus from the leadership, several factors have contributed to this solid growth. Jazz’s service revenue increase has been…
PSX on Tuesday went down by 147pts
Karachi, August 6, 2019: Pakistan Stock market on Tuesday initially went down by 147 points and reverted the loss by +300 points to post gain of 149 points. However, the session ended in bearish territory at -183 points (unadjusted). Carrying the trend from yesterday, HUBC kept falling that reflected the pressure on Index amongst other…