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IT

Pakistan's Saffran Group lands $3.2m order from Japanese company

Bears Inc. awards contract to build IT platform for its real estate business

Published 15 Jun, 2021 12:40pm

Business & Finance

Power generation projects: IT exemption on profits, gains causes Rs47bn loss

ISLAMABAD: The income tax exemption on the profits and gains of power generation projects set up in Pakistan has...

Published 14 Jun, 2021 03:39am

Pakistan

IT, telecommunication: All events, ceremonies to be conducted in national language: ministry

ISLAMABAD: The Ministry of Information Technology and Telecommunication has notified that all the events and...

Published 08 Jun, 2021 04:09am

Technology

Technology Park to be built in Pakistan’s first STZ

The project is expected to create more than 5000 highly skilled jobs and generate over US$ 200 million of revenue

Published 02 Jun, 2021 12:44pm

Pakistan

PM orders setting up of Islamabad Special Tech Zone at earliest

ISLAMABAD: Prime Minister Imran Khan on Monday said promotion of information technology was a priority for his...

Published 01 Jun, 2021 04:59am

Business

Advance income tax on telecom sector to be reduced

ISLAMABAD: The Finance Ministry has assured of reducing advance income tax on telecom sector from 12.5 percent to 10...

Published 27 May, 2021 03:40am

Business & Finance

Chinese trade team to visit Pakistan

ISLAMABAD: A Chinese trade delegation from Guangxi Province will visit Pakistan to explore new investment venues in...

Updated 19 Apr, 2021 09:53am

Pakistan

Agreement inked with PITB: National Freelance Training Centre to be set up at IIUI

ISLAMABAD: International Islamic University, Islamabad (IIUI) and the Punjab Information Technology Board (PITB)...

Published 10 Apr, 2021 04:35am

Pakistan

IT Ministry launches “Tech Destination Pakistan” initiative

On Wednesday, Pakistan's IT Minister Syed Aminul Haque announced the launch of Tech Destination Pakistan, an initiative which aims to promote the country's information technology industry.
He also mentioned that this improved performance has been acknowledged by the State Bank of Pakistan, expressing his optimism that the IT exports will cross the target of $2 billion by the end of the year.

Published 17 Mar, 2021 04:03pm

Business & Finance

How will govt Income Tax (Amendment) Bill 2021 impact industry?

Regarding the removal of tax exemption on the sale of immovable property to REITs, the report was of the view that this will not impact listed REITs.
However, this may have a negative impact on potential REIT listings.

Published 13 Mar, 2021 01:52pm

Business & Finance

P@SHA concerned over proposed tax credit scheme

ISLAMABAD: Pakistan Software Houses Association (P@SHA) has expressed strong concern over proposed tax credit scheme...

Published 13 Mar, 2021 04:28am

Business & Finance

Major amendments made in Income Tax (Second Amendment) Act, 2021

A number of amendments have been made into the act, Section 64C and 65C have been omitted, and after Section 65E, Section 65F and Section 65G have been inserted.

Published 12 Mar, 2021 04:14pm

Business & Finance

Ex-Commerce minister blast at govt decision to withdraw tax exemptions

Akhtar said unfortunately Pakistan is moving in an opposite direction. “I think this will have a negative impact on Pakistan’s economy,” he said.

Published 11 Mar, 2021 02:50pm

Technology

IT & ITeS export remittances rise to $1.119bn: PSEB

IT-related export remittances have risen up to $1.119 billion during the July to January period of financial year 2020-21, according to the Pakistan Software Export Board (PSEB).

Published 24 Feb, 2021 03:25pm

Pakistan

PITB, P@SHA sign MoU

LAHORE: In order to promote collaboration between public-private sectors and explore avenues of potential growth for...

Updated 18 Feb, 2021 09:32am

Business & Finance

Automobile, fisheries and IT: Japan, Sindh govt agree to work together

KARACHI: Sindh Chief Minister and Japanese ambassador in Pakistan Kuninori Matsuda agreed to work together for the...

Updated 16 Feb, 2021 09:32am

Pakistan

G-B to be brought at par with rest of developed areas: Alvi

ISLAMABAD: President Dr Arif Alvi, on Thursday, said efforts were afoot to mainstream Gilgit-Baltistan (G-B) in...

Updated 12 Feb, 2021 09:34am

Markets

European shares rise

MILAN/FRANKFURT: European shares rose on Tuesday as investors were hopeful of a faster economic recovery, while...

Published 03 Feb, 2021 04:35am

Business

FBR grants highest score to AJCL (Pvt) Ltd

ISLAMABAD: In a major development, the Federal Board of Revenue (FBR) has granted the highest score to AJCL (Pvt)...

Published 02 Feb, 2021 04:29am

Technology

Bangash urges youth to avail opportunities in IT Sector

“KPITB through Durshal project is providing equal opportunities for boys and girls young startups. Present your ideas for economic growth and employment opportunities by getting training from Durshal & then think of creating jobs instead of looking for jobs,” he said.

Published 30 Jan, 2021 03:02pm

Technology

ICT Exports rise by 40 pc: MoITT

Information and Communication Technology exports in Pakistan rose by 40 percent to US$ 958 million during July-December of FY 2020-21.

Published 27 Jan, 2021 06:17pm

Pakistan

Senate informed: Country will achieve $10bn IT exports target in 10 years

ISLAMABAD: Pakistan’s information technology (IT) exports could increase to $ 10 billion in the next 10 years and...

Published 27 Jan, 2021 04:59am

Technology

India's TCS becomes Most Valued IT Company in the World

India's Tata Consultancy Services (TCS) overtakes Accenture to become the most valued IT services company in the world today.
TCS's market capitalization rose to US$ 169.9 billion ahead of its rival Accenture.

Published 25 Jan, 2021 07:51pm

IT Services, IT-enabled Services: No new tax imposed, FBR clarifies

ISLAMABAD: The Federal Board of Revenue (FBR) has clarified that no new tax has been imposed on the IT Services and...

Published 24 Jan, 2021 03:32am

Business & Finance

ICT jurisdiction: Scope of ‘IT & IT-enabled services’ expanded for 16pc tax collection

ISLAMABAD: The Federal Board of Revenue (FBR) has expanded the scope of “IT services” and “IT-enabled...

Published 22 Jan, 2021 04:47am

Business & Finance

FY 2020-21: IT, ITeS export remittances surge to $958m in 1H

ISLAMABAD: The Information Telecommunication (IT) and IT-enabled Services (ITeS) export remittances comprising...

Published 22 Jan, 2021 04:47am

Pakistan

SBP launches complaint resolution portal to promote affordable housing

The potential customers can already access existing systems and procedures of banks for resolution of their complaints.

Published 21 Jan, 2021 11:06pm

Technology

Pakistan approves Right of Way Policy

Haque said that Right of Way Policy will pave way for laying of telecommunication network and digitalization.

Published 21 Jan, 2021 10:54am

Pakistan

Un-served and underserved areas: USF to lay around 4,000km fibre-optic cable by end of fiscal year

ISLAMABAD: The Universal Service Fund (USF) will lay around 4,000 km-long optical fibre cable by end of the current...

Published 20 Jan, 2021 04:29am

Business

NPPMCL granted IT exemption after privatisation

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to grant income tax exemption to the National Power Parks...

Published 19 Jan, 2021 04:22am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 3	278.23
USD PKR Interbank Buying / May 3	278.03
USD to Japanese Yen / May 3	153.05
USD to Swiss Franc / May 3	0.91
Pound Sterling to USD / May 3	1.25
Euro to USD / May 3	1.08

Stock	Volume
S&P 500 / May 3	5127.79
India Sensex / May 3	73878.15
Tokyo Nikkei / May 3	38236.07
Nasdaq / May 3	16156.33
Hang Seng / May 3	18475.92
FTSE 100 / May 3	8213.49
Dow Jones / May 3	38675.68
Germany DAX 30 / May 3	18001.60

Item	Value
Crude Oil USD/Barrel / May 3	78.11
Karachi Cotton PKR/37.32 KG / May 3	20535
Gold 10 Grams PKR / May 3	205418
Gold Spot USD/Ounce / May 3	2301.74
Cotton US¢/pound / May 3	78.06
Petrol/Litre / May 4	288.49

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 4 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 4 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 4 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 4 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 4 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 4 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 4 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 4 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 4 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 4 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 4 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 4 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 4 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 4 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 4 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 4 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 4 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 4 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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