SECP issues guidelines for AMCs to mitigate risk in collective investment...

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday issued guidelines for asset management companies (AMCs) in order to mitigate risk associated with...

Finance

SECP issues guidelines for AMCs to mitigate risk in collective investment...

ISLAMABAD: Securities and Exchange Commission of Pakistan (SECP) on Thursday issued guidelines for asset management companies (AMCs) in order to mitigate risk associated with...

Current account deficit balloons by 42.57pc or 5.7pc to GDP in...

KARACHI: Current Account Deficit (CAD) has ballooned sharply by 42.57 percent or 5.7 percent of the GDP during fiscal year 2017/2018. The CAD widened to...

Taxation

Money & Banking

Total liquid reserves slip by $402 million to $15.68 billion

KARACHI: The total foreign exchange reserves of the country have slipped by $402 million to $15.682 billion by week ended July 13 from $16.084...

Rupee maintains level

Rupee ends down

Rupee gains slightly

Rs1,000 tax for full year on salary up to Rs800,000 to implement from July 01

KARACHI: Salary persons having income up to Rs800,000 will pay only Rs1,000 for the whole...

Finance Act empowers FBR to recover regulatory duty

ISLAMABAD: Federal Board of Revenue (FBR) has been empowered to recover regulatory duty after implementation...

ECC approves extension of PM package with Rs65bn annual relief of exemption, concession during next three years

ISLAMABAD: Economic Coordination Committee of the Cabinet (ECC) on Wednesday approved extension of Prime Minister...

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FBR allows performance allowance to customs officials

KARACHI: Federal Board of Revenue (FBR) has allowed performance allowed equal to 100 percent of basic pay to customs officials posted at Input Output...

Misbah-ur-Rehman made Federal Commerce Minister

ISLAMABAD: The caretaker Prime Minister has relocated the ministry of Commerce & Textile and Ministry of Industries & Production to Mian Misbah-ur-Rehman. These ministries...

Major reshuffle in top bureaucracy notified

ISLAMABAD: The caretaker government on Tuesday announced major reshuffle in top bureaucracy of the country, which also included replacing the chairman of Federal Board...

16 Customs officers of BS-19 transferred

ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and posting of BS-19 officers of Pakistan Customs Service (PCS) with immediate effect and until...

It & Telecom

Pakistan becomes 4th largest mobile phone users in Asia

KARACHI: Pakistan has become fourth in Asia in terms of mobile phone users. The total mobile phone users have exceeded 150 million, sources in...

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