The management of the Pakistan Stock Exchange (PSX) has proposed a reduction of brokerage commission on Fixed Income Exchange Traded Fund (ETF) from 0.15 percent (3 paisa) to 0.01 percent (1 paisa) of the transactional value. According to the notification, the step is being proposed to promote the acceptability and …
Read More »Daily Archives: November 8, 2021
Shaukat Tarin Says that Tax-to-GDP Ratio Needs to be Doubled
Shaukat Tarin, the Advisor to Prime Minister on Finance and Revenue, said that in order to achieve economic development, the tax-to-GDP ratio needs to be doubled. During a ceremony in Islamabad, the Advisor mentioned that he has assured the business community that they will be facilitated and they will not …
Read More »FBR Organizes AML/CFT Training Sessions for DNFBPs
The Federal Board of Revenue (FBR), in collaboration with the United Nations Office on Drugs and Crime (UNODC), organized outreach and capacity-building sessions for Designated Non-Financial Businesses and Professions (DNFBPs) to ensure AML/CFT compliance in Karachi. The representatives from the Financial Monitoring Unit (FMU), National Counter Terrorism Authority (NACTA), and …
Read More »Rupee Posts Losses Against All Currencies After Surprises Last Week
The Pakistani Rupee (PKR) has posted losses against the US Dollar (USD) for the second time since last week as the local unit deteriorated by 50 paisas against the greenback in the interbank currency market today. The local currency maintained its shape against the USD on Friday, a trend that …
Read More »JP Morgan Team Calls on Privatization Minister to Discuss NPPMCL Sell-off
Senior representatives of one of the world’s largest investment banks, JP Morgan Chase & Co., called on Federal Minister for Privatization, Mohammed Mian Soomro, to discuss privatization of the National Power Parks Management Company (NPPMCL) on Monday. The meeting was held in the backdrop of the government’s plans to privatize …
Read More »Prime Minister Briefed on STZA Projects & Achievements
Chairman Special Technology Zones Authority (STZA), Amer Ahmed Hashmi, called on Prime Minister Imran Khan on Monday and briefed him on the progress and achievements of STZA. The Chairman briefed the Prime Minister on the progress of STZA vis-à-vis Islamabad Technopolis, the interest of national and international companies in investment …
Read More »Bank Islami and Elahi Group File Compromise Agreement in Court
Bank Islami Pakistan Limited (BIPL) and Elahi Group of Companies (EGC)/Zafar Agencies (ZA) have filed a compromise agreement in the Sindh High Court through which all liabilities will be settled and full closure and withdrawal of all pending complaints and litigation has been agreed on a no-fault basis between the …
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