Karachi, April 13, 2020: BankIslami Pakistan Limited, while fulfilling its vision of providing innovative Shariah-compliant products and services to the customers, proudly announces Pakistan’s ‘First’ Initial Public Offering (IPO) of Additional Tier 1 Modarba Sukuk under the brand name of “BankIslami Ehad Sukuk”, which will be listed and traded on Pakistan Stock Exchange (PSX). The…
Sindh CM take notice of stoppage of raw material vehicles by police Karachi, April 13, 2020: Chairman Pakistan Chemicals & Dyes Merchants Association and former director Karachi Stock Exchange Amin Yousuf Balgamwala, has requested the Chief Minister Sindh Syed Murad Ali Shah to finalize SOPs at the earliest so that they could accordingly adopt precautionary…
Karachi, April 13, 2020: In the Finance Act 2019, an amendment has been made to Section 8 (Sub-Sec.1, Clause M) of Sales Tax Act, by addition of 10th Schedule, whereby it is mandatory to provide CNIC number of unregistered buyers in the invoice and Sales Tax Returns in addition to payment of 3 percent Further…
Karachi, April 13, 2020: Organisations large and small, in the public and private sectors, have expressed deep concerns about the impact of Covid-19 on their people, productivity and cashflow, according to ACCA’s new global research among 10,000 finance professionals, including an expert panel of 353 in Pakistan. Head of ACCA, Pakistan, Sajjeed Aslam, said: ‘Our…
Karachi, April 13, 2020: In response to the recent reports appearing in media on the Inquiry Committee’s Report (Report) over alleged losses in the Power Sector, the Independent Power Producers Advisory Council (IPPAC) categorically rejects the allegations being attributed to such Report. The reports appearing in the media makes unsubstantiated allegations against the Independent Power…