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Yearly Archives: 2018

Oil import bill sharply rises by 53pc on rupee depreciation

ISLAMABAD: The sharp depreciation in Pak Rupee resulted in massive increase in oil import bill by 53 percent to Rs327.83 billion during first two...

Saudi Arabia wants to invest $22 billion in CPEC: Abdul Razak Dawood

ISLAMABAD: Saudi Arabia has shown interest to invest around $22 billion in projects related to China-Pakistan Economic Corridor (CPEC), the adviser to prime minister...

PSO restores fuel supply to PIA

KARACHI: Pakistan State Oil (PSO) has restored supply of fuel to Pakistan International Airline (PIA), which was suspended due to non-payment of around Rs17...

Restriction on non-filers: Country saves huge foreign exchange on import of motor vehicles during...

KARACHI: The restriction imposed on non-filers to register imported cars resulted sharp decline of 42 percent in spending foreign exchange in importing vehicles during...

SRB suspends sales tax registration of two logistic companies

KARACHI: Sindh Revenue Board (SRB) has suspended sales tax registration of two taxpayers providing logistic services for non-compliance in filing monthly statement and defaulting...

JazzCash achieves 4m subscribers; records Rs350bn transaction values

KARACHI: JazzCash has achieved milestone of four million active mobile account subscribers. In addition, transaction values have increased significantly crossing the Rs350 billion mark...

Allowing non-filers to purchase property, motor vehicles termed counterproductive for broadening of tax base

KARACHI: Leading audit firms have criticized the government policy for allowing non-filers of income tax returns to purchase motor vehicles and immovable properties and...

Incident cuts power supply to PSX building; brokers face financial risk

KARACHI: An incident of short-circuit has cut the supply of electricity to the new building of Pakistan Stock Exchange (PSX) on Wednesday which caused...

Pakistan’s current account deficit widens by 10pc in July – August

KARACHI: Pakistan’s current account deficit has widened by 10 percent to $2.721 billion during July – August 2018 as compared with deficit of $2.477...

KSE-100 index gains 82 points amid selling pressure

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) gained 82 points amid selling pressure and FTSE re-balancing. The index closed at 41,320 points...

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