KARACHI, January 20, 2019: The KSE‐100 index closed in the green last week, for the third consecutive week, gaining 258 points or 0.7 percent to closing at 39,307 level as finance minister assured market participant that the upcoming mini budget will also include some good news for stock exchange and brokers. That good news might…
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…
KARACHI, January 17, 2019: The latest edition of Global Economic Conditions Survey (GECS) from ACCA (the Association of Chartered Certified Accountants) and IMA (Institute of Management Accountants) finds Pakistan’s economic confidence fell sharply in the final quarter of 2018. The global poll of 3,800 accountants found Pakistan’s economy to be amongst the lowest in the South Asia region as it continues to…
Karachi, January 17, 2019: In order to encourage banks to collect more funds for construction of Dams, State Bank of Pakistan (SBP) has announced to reimbursement of TT Charges on dam fund remittances transactions. SBP has announced that the amount received by domestic banks from overseas Pakistanis as donations/contributions for the ‘Prime Minister and Chief…
Karachi, January 14: TPL Properties has signed a Memorandum of Understanding (MOU) with Equitativa, the largest Real Estate Investment Trusts (REIT) manager in the GCC and manager of Emirates REIT, to form a REIT Management Company (RMC) in Pakistan. Together, Equitativa and TPL Properties will launch real estate investment trusts for the first time under JV…