Business
FPCCI hails Chairman FBR for putting deterrent against attachment of Bank Account
Engr. Daroo Khan Achakzai hails Non Attachment of Bank Accounts without prior notice and Chairman FBR approval as well as hails Chairman FBR for putting deterrent against attachment of Bank Account Engr. Daroo Khan Achakzai, President of the Federation of Pakistan Chamber of Commerce & Industry (FPCCI) has hailed the directive of the newly appointed…
Asad Umar appointed as chairman of NA’s standing committee on Finance
Karachi, May 11, 2019: PWMA Chairman, Yousuf Yaqoob has appreciated the appointment of Asad Umar as Chairman of NA’s Standing Committee on Finance and Shabbar Zaidi as FBR Chairman. He expressed the hope that after the appointment of both these seasoned persons on key positions, they will utilize their expertise in financial and taxation matters….
Stock Closes Lower after Directionless Trade
Karachi, May 10, 2019: The market declined further today and traded below 35k level throughout the day. During the session, the index lost a total of 240 points but recovered slightly by the end to show a net decline of 180pts (unadjusted). Cement, Banks, OMCs, Refinery and E&P contributed to selling pressure. Overall volumes remained…
Pak Suzuki Motor Co. earnings revised downward, ‘Sell’ maintained: Topline research
Karachi, May 9, 2019: Topline research revises down Pak Suzuki (PSMC) earnings estimate post-1Q2019 financial result, incorporating the changes due to the considerable deviation of results from our estimates amid a deterioration in margins. According to topline research earn per share estimate of Rs21.5/Rs35.58 for 2019E/2020E to LPS of Rs (15.6)/(6.6). Below Expectation 1Q2019 results:…
ACCA’s Budget Proposals for 2019/20
Corporate tax should be brought down to 20 percent immediately; Federal and Provincial GST should be unified and reduced to a single digit in the next three years Karachi, May 9, 2019: ACCA (the “Association of Chartered Certified Accountants”) believes that it is time to make radical changes in the approach towards budget and the…