Meezan Bank announces good results for the first quarter of 2020
Karachi: The Board of Directors of Meezan Bank in its meeting, held on May 05, 2020 approved the financial statements of the Bank for the quarter ended on March 31,…
Pakistan Customs, Tax, Shipping & Business News Resource
Karachi: The Board of Directors of Meezan Bank in its meeting, held on May 05, 2020 approved the financial statements of the Bank for the quarter ended on March 31,…
KARACHI: While the prolonged lockdowns and closure of industries due to Covid-19 pandemic have caused massive losses to importers, these have brought windfall to the Private Terminal Operators at Karachi…
ISLAMABAD: The Overseas Investors Chamber of Commerce and Industry (OICCI) has urged the authorities to consolidate all federal taxes, including income tax and levies like Workers Welfare Fund, Workers Profit…
Taking cognizance of the SMEs finding difficulties in arranging adequate collateral and banks’ risk averseness in taking exposures for such lending under the SBPs Refinance Scheme to Support Employment and…
*Pak oil sales in Apr-2020 likely to fall by 36% YoY, but up 1% MoM* Pak oil sales for Apr-2020 are expected to decline by 36% YoY amidst the COVID-19…
ISLAMABAD: President Dr Arif Alvi has approved amendments in Companies Act 2017 to provide an enabling regulatory framework to facilitate startups in Pakistan. These amendments were proposed by the Securities…
Karachi: Power Holding Limited (PHL), a public sector entity fully owned by the Ministry of Energy, is issuing a debt instrument to address the liquidity constraints being faced by Pakistan’s…
KARACHI: Director Transit Trade Karachi Zeba Azhar has advised shipping lines to ensure security of their containers through insurance guarantee instead of taking deposit in cash, which over burdens the…
PESHAWAR: Khyber Pakhtunkhwa (KPK) business community has raised alarms over large number of Afghan transit trade goods containers being held at Karachi port under the pretext of scanning, which was…
KARACHI: Shipping lines operating in Pakistan seek to expand the scope of their operations, making deliveries of goods to the final destination as the country plans to broaden the scope…
The agreement brings a US $150 million cash injection led by OLX Group with participation from existing EMPG shareholders Amsterdam / Dubai: Emerging Markets Property Group (EMPG), a leading property…
Daraz, the leading online marketplace in the country, has launched the Humqadam program to lessen the financial duress on small-and-medium enterprises during a period of economic instability caused by the…
KARACHI: Steel makers have demanded of the government to rationalize the import valued of raw material (steel scrap), and align it with the rates prevailing in the international market. “The…
KARACHI: As COVID-19 pandemic takes its toll on business activity, 40 percent of small and medium enterprises (SMEs) expect to downsize, close or switch the line of business in one…
Karachi: Pakistan’s premier conglomerate, Engro Corporation (PSX: ENGRO) announced its financial results for the quarter ended March 31st, 2020. On March 11, 2020, the World Health Organization (WHO) declared COVID-19…
KARACHI: Amid the growing concerns of COVID – 19 pandemic, State Bank of Pakistan (SBP) has, thus far, announced a number of regulatory relief measures for the financial sector and…
ISLAMABAD: The Chairman SECP called upon the Chairperson FBR today to discuss a number of taxation policy reforms that are essential for the development of Pakistan’s capital markets, corporate sector,…
KARACHI: On April 10, 2020 the State Bank of Pakistan announced an incentive scheme— entitled Refinance Scheme for Payment of Wages and Salaries to the Workers and Employees of Business…
ISLAMABAD: To facilitate borrowers of non-bank lending companies (NBFCs), the SECP has allowed deferment of repayment of principal and rescheduling of loans, based on borrowers’ requests. To further facilitate small…
KARACHI: Tax experts on Monday raised questions over the blanket immunity granted to the construction sector from disclosing source of investment, hinting at its nonconformity to an action plan agreed…