The reduced rates of tax would only be applicable on transactions of disposal of securities of listed companies carried out under the system of the National Clearing Company of Pakistan Limited (NCCPL).Through Finance Act 2023, now it has been provided…
Minister of State for Petroleum, Dr. Musadik Malik, said on Wednesday that the government had introduced a new policy of a ‘bonded warehouse’ to eliminate the problem of dry outs in the petroleum sector.Under this policy, he explained that foreign comp…
Access to finance is vital for entrepreneurial development and economic growth in Pakistan. Despite the significant contribution of micro, small, and medium enterprises (MSMEs) to the economy, they have been grappling with multiple challenges. Rising …
The Pakistani rupee gained good ground against the US Dollar during intraday trade today after opening trade at 286.5 in the interbank market.The Pakistani rupee was largely stable today with the interbank rate initially going as high as 285.99 before…
An oil tanker carrying Russian crude reached the port of Karachi on Tuesday, according to Pakistani media. It was the second shipment under a deal between Moscow and Islamabad, struck in January.The ‘Clyde Noble’ vessel was reportedly carrying 55,000 m…
The Anti-corruption Establishment (ACE) has discovered corruption of Rs. 1.4 million by the Lahore Development Authority (LDA), as per reports. The allotment of 27 plots in Johar town, Lahore has been halted due to the presence of illegal documents.AC…
The World Bank has warned that prices continue to rise and are expected to remain high in Pakistan.The Bank in its latest, “Food Security Update”, noted that in April 2023, year-on-year consumer price inflation for food prices was highest in Pakistan …
Pakistan International Airlines (PIA) has chosen to increase its pilots’ flying allowance by 35 percent. To qualify for this raise, pilots must have flown for at least 50 hours with a minimum of 10 years of service.The announcement specifies that pilo…