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KARACHI: Mian Nasser Hyatt Magoo, President of the Federation of Pakistan Chambers of Commerce and Industry at a summit conducted with Chairman FBR alongside high ranking customs and IRS officials, said that it is high time for a paradigm shift in the tax system to facilitate investment, help development and growth in the economy instead …
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Dubai: In acknowledgment of its contribution to the health and welfare of its staff and passengers, Emirates has become one of the world’s first airlines to fly a flight of entirely vaccinated frontline teams serving customers at any touchpoint of the trip. This morning, the full airport and on-board passenger encounter of flight EK215, which …
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PIA spokesperson said on Tuesday that all Boeing 777 planes in the PIA fleet are fitted with General Electric engines that are deemed to be the safest engines. Flight operations of the airline are routine as set out in its timetable. The Boeing Corporation has recently suggested the suspension of operations of 69 in service …
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KARACHI: The Pakistan Stock Exchange (PSX) conducted a gong ceremony on Monday to mark the listing of Panther Tyres Ltd. Panther Tyres Ltd’s successful initial public offering was the fifth listing on the stock exchange in FY21 this fiscal year. The Gong was hit by PTL CEO Mian Faisal Iftikhar in the presence of PSX …
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As Texas energy producers started planning to reopen oil and gas fields blocked by freezing conditions, oil prices dropped from recent highs for a second day on Friday. Brent crude futures dropped $1.16, or 1.8 percent, to $62.77 a barrel by 1150 GMT, while crude futures in the United States West Texas Intermediate (WTI) fell …
Continue reading “Oil extends losses as Texas plans to scale up production”
Roshan Digital Accounts Government declares a new streamlined and comfortable tax regime The Federal Government has announced several amendments to the Income Tax Ordinance 2001 through Tax Laws (Amendment) Ordinance 2021 on the basis of feedback from the diaspora and recommendations from the State Bank of Pakistan (SBP) to make the tax system simple, convenient, …
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Bitcoin, on Tuesday, surged above $50,000 to a new record high, building on a rally sparked by signals that institutional investors are increasing recognition of the world’s biggest cryptocurrency. With Bank of NY Mellon and Mastercard having affirmed it last week, bitcoin holders who see it as the prospect of finance are moving a big …
Karachi: The US dollar’s purchasing rate was Rs159.2, while Rs160 on Tuesday, February 16, was its sale rate. The rupee dropped during Monday’s trading session, breaking a five-session winning streak, as a recent surge in dollar demand from importers dragged down the local currency, dealers said. Dealers also said the national currency did give up …
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Karachi: On Tuesday 16 February, at the close of the bullion market, a single tola of 24 karat gold was sold in Pakistan for Rs111,200. Similarly, at the close of trade, 10 grams of 24k gold were valued at Rs95,336. Additionally, for Rs87,391, 10 grams of 22k gold was exchanged. The All Sindh Saraf Jewellers …
Islamabad: The PTI government has decided to recover Rs 386 billion from sugar mills for which National Accountability Bureau cases have been sent. In a recent cabinet meeting, Prime Minister Imran Khan instructed the Adviser on Accountability and Home Affairs to brief the Cabinet on the action taken so far on the report of the …
Continue reading “PTI’s Govt to recover 386 bn from sugar mills”
