Karachi, May 16, 2019: All the gains made yesterday got eroded in early trading at Pakistan Stock Exchange on Thursday. During the session, the index slid by 717 points. However, recovered by the end resulting in an unadjusted closing of -234 points. Panic selling ensued increase of dollar in inter-bank market. The spread widened in…
Karachi, May 16, 2019: Pak Rupee on Thursday further devalued against the US dollar due to free float mechanism policy as demanded by International Monetary Fund (IMF). The value of the US dollar against the rupee touched all-time high to approximately Rs. 148 in the interbank market. During the intraday trading the value of Pakistan…
Karachi, May 16, 2019: The TCS Group has announced two senior level appointments which are part of the company’s ambitious growth plans. On the occasion of its 36th anniversary, the company has appointed Muhammad Harris Jamali as Group Head of Strategy and Faizan Siddiqi as the Chief Operating Officer and Head of Digital Transformation. While…
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…
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…