Pakistan ranked 172 in ease of paying taxes

November 23, 2014 9:30 pmComments Off on Pakistan ranked 172 in ease of paying taxes
Pakistan ranked 172 in ease of paying taxes

ISLAMABAD: As paying taxes has become easier for small and medium enterprises (SMEs) around the world, a report of World Bank Group and a multinational professional services finds that tax filing time has increased by 17 hours in Pakistan due to the introduction of a new provincial VAT (value-added tax) […]

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Foreign banks investing in govt papers only: SBP

9:28 pmComments Off on Foreign banks investing in govt papers only: SBP
Foreign banks investing in govt papers only: SBP

KARACHI: Both local and foreign banks in Pakistan have been maximising their investments in government papers, according to the latest State Bank (SBP) report. It shows that five big banks’ over 86 per cent, and foreign banks’ 100pc investments are in government securities. The government papers, mostly Pakistan Investment Bonds […]

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Pakistan picks banks to hold dollar sukuk roadshows

9:27 pmComments Off on Pakistan picks banks to hold dollar sukuk roadshows
Pakistan picks banks to hold dollar sukuk roadshows

HONG KONG: Pakistan has mandated four banks to arrange fixed income investor meetings starting Monday ahead of a potential issue of a US dollar-denominated Islamic bond, a document from lead managers said on Sunday. The sovereign, rated Caa1 by Moody’s and B- by Standard & Poor’s, has picked Citigroup, Deutsche […]

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Finance Bill 2014 Presented in Budget of Islamic Republic of Pakistan for Year 2014-15

June 4, 2014 8:19 amComments Off on Finance Bill 2014 Presented in Budget of Islamic Republic of Pakistan for Year 2014-15
Finance Bill 2014 Presented in Budget of  Islamic Republic of Pakistan for Year 2014-15

  A BILL to give effect to the financial proposals of the Federal Government for the year beginning on the first day of July, 2014, and to amend and enact certain laws WHEREAS it is expedient to make provisions to give effect to the financial proposals of the Federal Government […]

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Engro earnings at Rs8.2bn

February 16, 2014 10:19 am0 comments
Engro earnings at Rs8.2bn

KARACHI: The Engro Corporation announced 2013 full year profit at Rs8.2bn which amounted to earning per share (eps) at Rs16.01 compared to profit of Rs1.3bn (eps: Rs2.61) in same period last year, representing growth by 531 per cent. The board announced specie dividend in the ratio of 1:10 (1 share […]

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Cement makers seek renewal of BIS licences

10:15 am1 comment
Cement makers seek renewal of BIS licences

KARACHI: All-Pakistan Cement Manufacturers Association (APCMA) Chairman Mohammad Ali Tabba has urged the Indian high commissioner to intervene in the matter of renewal of Bureau of Indian Standards (BIS) licences which has impeded export of Pakistani cement to India. In a letter to the HC, he said the APCMA members […]

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