Business
FBR explained tax collection measures on plot and constructed properties
Karachi, July 31, 2019: The Federal board of revenue explained tax collection measures on plot said that 100 percent gain will be taxed on plots if the holding is up to one year 75 percent of the gain will be taxed if the holding period of open is more than 1 year but not more…
FBR sent notices to 30 hospitals in Karachi
Karachi, July 31, 2019: Physicians and Surgeons registered with Pakistan Medical and Dental Council are not registered with FBR. The Federal Board of Revenue sent notices to find out new taxpayers. Hospitals have been asked to provide information about the doctors practicing there, with respect to income and other related matters. The List of the…
KE issues high alert as rain water entered into main grid
Karachi, July 30, 2019: Karachi Electric on Tuesday night issued a high alert as rain water was entered into its one of the main grid station, which supplying power to almost 50 percent of the city. According to KE spokesman Khayyam Siddique, overflow of Lath Dam creates critical situation at KE’ 220Kv KDA Grid. He…
Stock closes lower
Karachi, July 30, 2019: Pakistan Stock Exchange was remained negative on Tuesday due to selling pressure. Market traded mostly in negative zone with a total loss of 248 points, which narrowed by the end of session close to -76 points and closing at 31,658 points. E&P, Refinery with the exception of O&GMCs contributed to selling…
Huawei Announces 1H 2019 revenue: 23.2pc YoY growth
Karachi, July 30, 2019: Huawei announced its business results for the first half of 2019: USD 58.34 billion in revenue, a 23.2 percent increase over the same period last year. The company’s net profit margin for H1 2019 was 8.7 percent. According to Huawei’s Chairman, Liang Hua, operations are smooth and the organization is as sound as…