tax
PTI Govt. may abolish tax on cash transactions by filers
KARACHI, January 20, 2019: In order to provide relief, Pakistan Tehreek e Insaf (PTI) government is considering to abolish withholding tax on banking transactions by filers. Sources told TheBizUpdate.com that Hammad Azhar Minister of State for Revenue has showed willingness to abolish withholding tax on cash transaction for filers, which are paying some 0.3 percent…
Court retains SRB for collection of stamp duty from Imtiaz Super Store
Karachi, January 18, 2019: Sindh High Court retained Sindh Board of Revenue from collecting Stamp Duty from Imtiaz Super Market on Unexecuted Purchase Orders. The Division Bench of High Court of Sindh headed by Justice Aqeel Ahmed Abbasi while hearing a constitutional petition filed by Imtiaz Super Market against Board of Revenue Sindh restrained the…
Lucky Cement records PKR 2.96 billion for the first quarter ended September 30, 2018
Karachi, October 29, 2018: On a consolidated basis, Lucky Cement Limited reported net profit after tax of PKR 2.96 billion after taking out PKR 0.21 billion attributable to non-controlling interests for the first quarter ended September 30, 2018, which translates into earnings per share (EPS) of PKR 9.14 / share as compared to PKR 11.90 /…
PSO’s Profit declines 16 percent in Q1FY19
KARACHI, October 29, 2018: Profit after tax (PAT) of Pakistan State Oil (PSO) declined by some 16 percent during the first quarter of this fiscal year (FY19) compared to same period of last fiscal year (FY18). The country’s flagship oil marketing company has reported a PAT of Rs. 4.2 billion in Q1FY19 versus Rs 5.02…