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Karachi: Ministry of Industries and production has proposed withdrawal of 16% General Sales Tax (GST) on tractor to the Economic Coordination Committee (ECC) of the cabinet. According to Alfalah Securities Limited, sales tax zero-rating on tractors proposed to be restored or deemed price to be fixed for sales tax purposes …
Read More »Daily Archives: December 2, 2011
Paid-up capital requirement proposed for brokerage houses – Alfalah Securities Limited
Karachi: Securities and Exchange Commission of Pakistan (SECP) has proposed paid-up capital requirement of up to PKR 400 million for brokerage houses within 3 years. According to Alfalah Securities Limited, this paid up requirement would not include the value of KSE membership card. The proposal for brokerage houses has the …
Read More »JCR-VIS Withdraws the Insurer Financial Strength IFS rating of Central Insurance Company Limited
Karachi: JCR-VIS Credit Rating Company Limited has withdrawn the Insurer Financial Strength (IFS) rating of ‘A’ (Single A) assigned to Central Insurance Company Limited on account of company’s decision to discontinue insurance business and completion of necessary regulatory formalities. For more information, contact: Mr. Javed Callea Advisor JCR-VIS Credit Rating …
Read More »Warid Telecom Helps Deserving GC University Lahore Students
Lahore: In-line with its corporate social responsibility, Warid GLOW this year again supports deserving Government College University students by donating Rs. 800,000 for GCU Endowment Fund Trust (GCU EFT). Mr. Amer Aman, Warid Head of Sales and Distribution handed over the cheque to GCU VC Prof. Dr. Muhammad Khaleeq-ur-Rahman at …
Read More »Pakistan Telecommunication Company will compete for 3G license: Walid Irshaid
Karachi: CEO and President, Pakistan Telecommunication Company Limited (PTCL), Walid Irshaid, has said that his company is going for 3G and it will be the first to compete for a 3G license in Pakistan. “We have no option but to succeed,” said Mr. Irshaid, while addressing the UAE Trade and …
Read More »Secretary for Information has stressed upon the younger generation to fully participate in anti drug activities
Peshawar: Khyber Pakhtunkhwa Secretary for Information and Public Relations, Azmat Hanif Orakzai has stressed upon the younger generation to fully participate in anti drug activities so that establishment of a society free from all social evils could be ensured. He was addressing as a chief guest at a seminar regarding …
Read More »ABL Asset Management Limited – Daily Fund Prices in Pakistani Rupees as of Dec 02, 2011
Karachi: Date Offer NAV ABL Income Fund (ABL-IF) Dec 02, 2011 10.2618 10.2618 ABL Stock Fund (ABL-SF) Dec 02, 2011 10.3797 10.0774 ABL Islamic Income Fund (ABL-IIF) Dec 02, 2011 10.2050 10.2050 ABL Cash Fund (ABL-CF) Dec 07, 2011 10.0010 10.0010 For more information, contact: ABL Asset Management …
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