Presidential Ordinance on taxation measure has proposed 16 percent standard rate of sales tax on sugar. Sources told Business Recorder here on Tuesday that earlier the FBR has proposed to enhance sales tax on sugar in coming budget (2013-14). Now, the 16 percent sales tax on the commodity would be imposed through the Presidential Ordinance before the announcement of budget.

The KSE-100 share index on Tuesday crossed key-milestone level of 21,000 and closed at highest-ever 21,168 level. Volume also saw a big jump of some 100 million to end at 443.639 million from previous 343.599 million. Karachi stock market opened in green zone and closed on the same note. The local bourse gained 353.86 points and touched 21,198.56 level during the intra-day trading.

The KSE-100 share index on Tuesday crossed key-milestone level of 21,000 and closed at highest-ever 21,168 level. Volume also saw a big jump of some 100 million to end at 443.639 million from previous 343.599 million. Karachi stock market opened in green zone and closed on the same note. The local bourse gained 353.86 points and touched 21,198.56 level during the intra-day trading.