Karachi, August 27, 2019: Pakistan Stock Market on Tuesday went down by 568 points at a point in time, which was mainly caused by Privatization Commission’s decision to divest Government’s holding in OGDC, PPL and KAPCO. By , news of 10 percent offload in each company was making, which brought significant selling pressure in these scrips,…
Karachi, August 27, 2019: Muhammad Saqib Goodluck Chairman, Pakistan Yarn Merchants Association (Sind & Baluchistan Zone) has strongly protested over imposition of 4 percent Withholding Tax instead of 1 percent requested to withdraw recent clarification of FBR. He said that during different meetings with FBR, imposition of 1 percent withholding Tax was agreed over Textile…
Karachi, August 27, 2019: Pakistan Life Saving Foundation (PALS Rescue), the country’s only privately run, near-shore drowning prevention and rescue body has initiated its ‘Safe Canal Project’ that will provide four of Khairpur’s villages protection against drowning. The pilot project was recently inaugurated by Dr. Nafisa Shah, MNA and Vice President of Pakistan Peoples Party,…
Karachi, August 27, 2019: The local automobile industry remains in depression as high interest rate, rising inflation, slow-down in economic activities and glitches on purchasing cars by non-filer affecting the vehicle’s demand in the country. According to a report prepared by Spectrum Securities, therefore, the profitability of auto sector went into recession and posted a…
Karachi, August 27, 2019: ACCA organized a high-level conference on Finance Act 2019 in Lahore. The event featured contributions from regulators, policy advisers, leading tax experts and senior ACCA members. Prominent conversation leaders included Javed Ahmed, Chairman, Punjab Revenue Authority (PRA), Ashiq Ali Rana, Acting President, Lahore Tax Bar Association (LTBA), Irfan Ilyas FCCA, Partner, Irfan…