SHC strikes down Section 5A of Income Tax Ordinance 2001 KARACHI: The Sindh High Court (SHC) has struck down Section 5A of the Income Tax Ordinance 2001 by declaring it ... Published 02 May, 2021 03:23am
Print EU hits Apple with music streaming charge BRUSSELS: EU regulators accused Apple on Friday of distorting competition in the music streaming market, siding ... Published 01 May, 2021 03:28am
Print FY22 Budget: Tax relief on beverages, cigarettes, tea under study ISLAMABAD: The government is in the process of finalising budget proposals to provide tax benefit/reduction to three... Published 01 May, 2021 03:28am
Business & Finance Excise dept proposes withdrawal of transfer fee LAHORE: The Punjab excise department has forwarded a summary to the provincial government for withdrawing transfer... Published 01 May, 2021 03:28am
Business & Finance Barclays posts soaring profits LONDON: British bank Barclays on Friday announced soaring profits in the first quarter as it slashed bad debt... Published 01 May, 2021 03:28am
Print Forex accounts attached to recover dues: IR dept accused of deviating from statutory provisions ISLAMABAD: In an apparent move to achieve budgetary targets, the Inland Revenue Department has been accused of... Published 30 Apr, 2021 05:06am
Print No GST chargeable on auction for serviceable old cars: FBR ISLAMABAD: To avoid practice of double payment of sales tax on vehicles auction, the Federal Board of Revenue (FBR)... Updated 30 Apr, 2021 09:28am
Business & Finance NBP declares Rs7.7bn PAT; 87pc up YoY KARACHI: The meeting of the Board of Directors of the NBP “the Bank” was held on April 28, 2021 to approve the... Updated 29 Apr, 2021 10:05am
Business & Finance Bank AL Habib Ltd posts Rs4.60bn profit after tax KARACHI: The Board of Directors of Bank AL Habib Limited (the Bank) announced the Bank’s financial results for the... Updated 29 Apr, 2021 10:05am
Print Jul-Feb period: Fiscal deficit stands at 3.5pc: MoF ISLAMABAD: The Finance Ministry Tuesday said that despite higher mark-up payments and Covid-related expenditures, ... Updated 28 Apr, 2021 09:29am
Business & Finance Macroeconomic stability: Fiscal consolidation, policy reforms key to sustaining improvements: ADB ISLAMABAD: The Covid-19 pandemic continues to pose a major health care and economic challenge to Pakistan and... Updated 28 Apr, 2021 10:04am
Business & Finance HSBC profits more than doubled HONG KONG: HSBC bank on Tuesday said its first-quarter profits more than doubled, helped by a reversal in credit... Updated 28 Apr, 2021 10:04am
Pakistan OGDCL posts Rs66.35bn profit in 3rd quarter of 2020-21 The company’s Board of Directors determined a final cash dividend of Rs. 15.43 per share, besides announcing another interim profit of Rs. 1.80. Published 27 Apr, 2021 10:40pm
Pakistan Pakistan has conducive environment for setting up new oil refinery: Hammad The minister expressed these views in a meeting with Saudi Ambassador Nawaf bin Saeed Al-Maliki who called on him here. Published 27 Apr, 2021 10:36pm
Print Justice Isa’s wife: SC recalls its FBR probe order ISLAMABAD: The Supreme Court by a majority of six to four set aside and recalled its order dated 19th June 2020... Published 27 Apr, 2021 03:02am
Business & Finance HABIBMETRO Bank 1Q 2021 profit up by 88pc KARACHI: HABIBMETRO Bank posted a profit-before-tax of Rs 4.8 billion for the first quarter of 2021, with its... Updated 27 Apr, 2021 10:05am
Business & Finance UBL reports 44pc growth in profit for 1Q 2021 KARACHI: UBL maintains one of the largest network footprints by any Bank in Pakistan. Through its 1,348 ... Updated 27 Apr, 2021 10:05am
Business & Finance Apple boosts US investment pledge to $430bn SAN FRANCISCO: Apple announced Monday it plans to boost its investment plans in the United States to $430 billion... Updated 27 Apr, 2021 10:05am
Business & Finance BOK earns Rs439m profit after tax for 1Q of 2021 PESHAWAR: BOK posted Rs 439 million profit after tax (PAT) for the 1st quarter ended March 31st 2021. This was... Updated 27 Apr, 2021 10:05am
Business Tobacco industry accused of earning millions but paying ‘peanuts’ in terms of taxes ISLAMABAD: The multi-national tobacco industry in Pakistan has been earning millions of rupees annually through the... Published 25 Apr, 2021 03:13am
Business & Finance Engro posts Rs14,779m consolidated profit after tax KARACHI: Pakistan’s premier conglomerate, Engro Corporation announced its financial results for the quarter ended... Published 24 Apr, 2021 03:21am
Opinion PTI, FBR & tax directories — I Failure of the coalition of Pakistan Tehreek-i-Insaf (PTI) vis-à-vis economic governance, changing four finance... Updated 23 Apr, 2021 11:15am
Print AAG’s approach to case: There was marked cleavage among SC judges ISLAMABAD: The Supreme Court, on Thursday, asked the Additional Attorney General (AAG), Amir Rehman, to make a... Published 23 Apr, 2021 05:12am
Business & Finance Entities be brought under tax net: KCCI KARACHI: The Karachi Chamber of Commerce and Industry (KCCI) has proposed that all the entities engaged in business... Updated 23 Apr, 2021 10:01am
Business & Finance Shell Pakistan posts Rs1.9bn PAT for Q1 2021 KARACHI: The Board of Directors of Shell Pakistan Limited (SPL) announced the first quarter financial results on... Updated 23 Apr, 2021 10:01am
Opinion MLIs: Notes on underlying concepts — II Illustrations of Manner of Operation of MLI We give in the following paragraphs four illustrations of the manner ... Published 22 Apr, 2021 03:55am
Markets Russian wheat exporters bet on new crop wheat sales despite tax risks MOSCOW: Russian wheat exporters are bidding aggressively for new business, even though they don’t know how much ... Published 22 Apr, 2021 03:55am
Business & Finance FCEPL registers profit after tax of Rs547m KARACHI: FrieslandCampina Engro Pakistan Limited (FCEPL) announced its financial results on April 20, 2021. The... Updated 22 Apr, 2021 09:46am
World Former US vice president Walter Mondale dies WASHINGTON: Former US Vice President Walter Mondale, a liberal icon who famously told voters to expect a tax ... Updated 21 Apr, 2021 10:08am
Opinion MLIs: Notes on underlying concepts Multilateral Convention to Implement Tax Treaty-Related Measures to Prevent Base Erosion and Profit Shifting (BEPS)... Published 21 Apr, 2021 03:21am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?