Karachi, November 26, 2012 (PPI-OT): KSE–100 INDEX:- The KSE-100 share index closes the day at 16,256.97.With increase of 5.18 points (+0.03%). According to Adeel and Nadeem Securities Limited, the intra-day range of The KSE-100 index for the session was 16199.08 – 16300.22. Total shares traded during the session however decreased …
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AKD Quotidian about — Nov’12 CPI Preview
Karachi, November 26, 2012 (PPI-OT): Headline CPI has averaged in double digits over the past 5 years but is expected to average in single digits in FY13. According to AKD Securities, with CPI consistently on a downtrend since Jul’12, AKD Securities expects Nov’12 CPI to clock in at 7.9%YoY, implying …
Read More »PSO seeks 815, 000 ton fuel oil – Alfalah Securities Limited
Karachi, November 26, 2012 (PPI-OT): Pakistan State Oil (PSO) seeking 815,000 tonnes of fuel oil for delivery over January and February next year. According to Alfalah Securities Limited, in this regard, PSO has floated a tender. Earlier PSO had floated a tender to seek up to 450,000 tonnes of gasoline …
Read More »FBR targeting tax-to-GDP ratio of 10% – Alfalah Securities Limited
Karachi, November 26, 2012 (PPI-OT): FBR is targeting the tax-to-GDP ratio up to 10% during FY13 against 9.1% in FY12 due to estimated tax collection of PKR 2,381 billion by the end of FY13. According to Alfalah Securities Limited, FBR has fixed a target of 10% tax-to-GDP ratio for current …
Read More »FBR to devise strategy to reduce tax rates – Alfalah Securities Limited
Karachi, November 26, 2012 (PPI-OT): Federal Board of Revenue (FBR) has finalized a 3 year Strategic Plan in which the sales tax may be lowered from 16% to 10% and corporate income tax 35 to 30% while tax rate for Association of Persons(AOPs) and individuals would be brought down to …
Read More »Global Islamic Microfinance Forum for Poverty Alleviation to be held in Dubai
Lahore, November 26, 2012 (PPI-OT): Akhuwat and Al-Huda Centre of Islamic Banking and Economics (CIBE) are organizing a Global Islamic Microfinance Forum to be held at the World Trade Centre in Dubai, from 8-10 December. The purpose of the Forum is to introduce Islamic Microfinance on the global canvas as …
Read More »Nokia reiterates its commitment to aspiring App Developers of Karachi University
Karachi, November 26, 2012 (PPI-OT): Nokia Pakistan recently conducted a Nokia Developers’ Workshop at University of Karachi in partnership with P@SHA, which aimed at providing students an insight into the world of mobile app development and the rise in demand of apps in the local market. The workshop focused on …
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