Business

Our Special Correspondent LAHORE: Federal Board of Revenue has urged general public to report complaints against the businessmen who are charging sales tax from consumers without being registered with FBR under the Sales Tax Act-1990. It is, therefore, clarified that sales tax registration number (STRN) (thirteen digits) is issued to every person…

Our Special Correspondent LAHORE: Federal Board of Revenue (FBR) Chairman Syed Shabbar Zaidi has asked Managing Directors Sui Northern Gas Company Limited…

Our Special Correspondent LAHORE: Telenor Infinity Smartphones and Yellostone announce Mega Azadi Deal on this Independence Day. This deal features a…

Experts suggest a need for curtailing extravagance expenses M Jahangir Hayat LAHORE: Habib Bank Limited (HBL) has posted mega decline of over 51 percent in profit after tax for the half year 2019 which is Rs 3.9 billion compared to Rs 8.1 billion for H1’18. Banking sector experts said the mega drop in the profit is due to…

General public denie receiving new notes Our Special Correspondent LAHORE: The State Bank of Pakistan (SBP) has claimed that through 16 field offices of…

Our Special Correspondent Dongguan, China : At the Huawei Developer Conference today, Huawei launched HarmonyOS – a new microkernel-based, distributed…

Our Special Correspondent Lahore: Chairman Federal Board of Revenue Shabbar Zaidi held a meeting with all groups of traders of Pakistan on August 8, 2019 at FBR and discussed various issues about the traders. It has inter alia been agreed with consensus that no adverse action under the Income Tax Ordinance 2001 and Sales Tax Act, 1990…

LAHORE: OLX, Pakistan's No.1 marketplace, in order to cater the problem of consumer not been able to buy new cars and opting for used cars following the hike in…

M Jahangir Hayat LAHORE:Governor Punjab Chaudhry Muhammad Sarwar has said the government was aware of the problems being faced by the trade and industrial…

Our Special Correspondent  LAHORE: Founded in 2016, TikTok is a global platform for creating and sharing short videos on the go, and is now available in over 150 markets, and in 75 languages. As a platform for fun and creative expression through short videos, TikTok is a widely popular app in Pakistan. It empowers anyone to be a creator directly…

Our Special Correspondent  LAHORE: FINCA Microfinance Bank and its staff took an initiative on the eve of Independence Day to ‘Plant a Tree’ for the Greener…

ISLAMABAD:Prime Minister’s Advisor on Commerce, Textile, Industries and Production and Investment Abdul Razak Dawood on Wednesday said that Pakistan’s exports…

Chairman says company aspires to firmly stepping up to growth path M Jahangir Hayat LAHORE: Atlas Honda has posted profit after tax of Rs 842.1 million in the quarter ended on June 2019,showing a decrease of 30percent, translating into the earnings per share (EPS) of Rs 6.79 against Rs 9.63 for the corresponding period of last year, quarterly…

LAHORE: The Board of Directors of MCB Bank Limited met under the Chairmanship of Mian Mohammad Mansha, Wednesday to review the performance of the Bank and…

 Our Special Correspondent  LAHORE: Jazz, Pakistan’s leading digital communications company, has announced its financial results for the second quarter of…

Company chairman foresees adverse impact on profitability in FY 2019-20 M Jahangir Hayat LAHORE: The Exide Pakistan Limited has posted huge loss after taxation of Rs 504.5 million for the financial year 2018-19 against profit of Rs 21.6 million recorded last year 2017-18, the company’s annual report indicated. The net sales revenue of Exide…

M Jahangir Hayat LAHORE: The agricultural credit outstanding portfolio has increased to Rs 562.4 billion on end June, 2019 registering a growth of 20%…

KARACHI: A four-member team of NEPRA has visited K-Electric office on Saturday to investigate the power crisis and deaths during the rain in Karachi. The…

LAHORE: The Pakistan Readymade Garments Manufacturers & Exporters Association (PRGMEA) has announced to hold Global Fashion Award 2019 during its 35th World Fashion Convention being held in Lahore in collaboration with the International Apparel Federation in Nov 2019. The IAF-PRGMEA Global Fashion Award 2019 will be participated by…

Our Special Reporter  LAHORE: Executive Committee of Pakistan Footwear Manufacturers Association criticized the Federal Board of Revenue (FBR) Tax policies…

Our Special Correspondent LAHORE: Standard Chartered  is excited to announce the five winners of this year’s Standard Chartered #SCWomenInTechProgramme 2019.…

Our Special Correspondent Lahore: Uber, the global ride-hailing giant connecting riders to drivers, has announced the launch of Uber Pitch 2019, a nationwide competition aimed at enabling budding entrepreneurs. The contest gives tech startups a platform to pitch their ideas to some of Pakistan’s most prominent tech giants. The…

Our Special Correspondent LAHORE:The FBR clarification has further advised the Customers to ask for invoices/receipts having Sales Tax Number (STRN) on the…

M Jahangir Hayat Lahore: Federal Board of Revenue (FBR) has released the draft for Small Shopkeepers Scheme under section 99B of the Income Tax Ordinance,…

Punishments to adulteration and counterfeits mafia must be stringent LAHORE: Punjab Food Authority has discarded unwholesome and adulterated food worth of Rs. 400 Million. It was told in a session which was presided by Provincial Minister for Food Samiullah Chaudhary and Chairman Punjab Food Authority Omer Tanveer Butt here on Thursday.…

ISLAMABAD: The National Accountability Bureau (NAB) Rawalpindi has called senior officer of Bank of Punjab Khalid Saddiq Trimzi for his alleged involvement in…

KARACHI: Chairman Businessmen Group & Former President Karachi Chamber of Commerce & Industry (KCCI) Siraj Kassam Teli and President KCCI Junaid Esmail…

ISLAMABAD: Islamabad Chamber of Commerce & Industry has called upon the FBR to finalize the fixed tax schemes in consultation with traders’ leaders so that the new schemes should be acceptable to all categories of traders and help in improving the tax revenue of the country. President, Islamabad Chamber of Commerce and Industry, Ahmed Hassan…

ISLAMABAD:The International Finance Corporation (IFC), a member of the World Bank Group, will invest $2.5 million in Sarmayacar, one of the first early-stage…

ISLAMABAD:The State Bank of Pakistan (SBP) has once again advised bank customers not to share personal information on fake calls on the pretext of biometric…