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Dec 23, 2024 اردو ► PRINT EDITION ► BR MARKETS ► Dollar to PKR ►
Print - 2017-05-20
Panellists term human security vital for economic progress
Exchange

Panellists term human security vital for economic progress

Economic progress of Pakistan is not possible without ensuring human security in terms of improving their life standard and providing them with basic amenities like water, food and energy and the country also needs to stop using non-state actors against i
Published 20 May, 2017 12:00am
Early completion of CPEC projects top priority: Shahbaz

Early completion of CPEC projects top priority: Shahbaz

Punjab Chief Minister Shahbaz Sharif talking to public representatives here Friday said that China has been investing billions of dollars in Pakistan under CPEC project, adding he is thankful to Chinese President Xi Jinping, Prime Minister Li Keqiang, and
Published 20 May, 2017 12:00am
Minister for gearing up dengue surveillance

Minister for gearing up dengue surveillance

Punjab Minister for Specialized Healthcare and Medical Education Khawaja Salman Rafique has directed the relevant departments to gear up dengue outdoor and indoor surveillance in the districts where larva is reported in sufficient quantity. The Minister i
Published 20 May, 2017 12:00am
PML-Q leaders felicitate CPNE office-bearers

PML-Q leaders felicitate CPNE office-bearers

PML-Q President Chaudhry Shujat Hussain, senior leaders Chaudhry Parvez Elahi and Moonis Elahi have felicitated CPNE newly-elected President Zia Shahid, Secretary General Zia ul Haq and other office-bearers. In their messages of felicitations, they hoped
Published 20 May, 2017 12:00am
Minister for early completion of uplift schemes in Mansehra

Minister for early completion of uplift schemes in Mansehra

Khyber Pakhtunkhwa Senior Minister for Irrigation, Sikandar Hayat Khan Sherpao and Provincial Minister for Labour, Anisa Zeb Tahirkheli have directed the national building departments to accelerate efforts for early completion of development schemes in di
Published 20 May, 2017 12:00am
JI slams government for 'mishandling' Jadhav case

JI slams government for 'mishandling' Jadhav case

Jamaat-e-Islami chief Senator Sirajul Haq on Friday rejected the ICJ for asking Pakistan to stay the hanging of Indian spy Kulbhushan Jadhav. "The PML-N government's policy on Indian spy case is a fiasco," he said speaking at the Karachi Bar Council (KBC)
Published 20 May, 2017 12:00am
NH&MP striving day & night to maintain discipline

NH&MP striving day & night to maintain discipline

National Highways and Motorway Police (NH&MP) is striving day and night to maintain discipline on national highways & motorways, says a press release issued here on Friday. Efficient public service delivery and rule of law are NH&MP's hallmark. NH&MP offi
Published 20 May, 2017 12:00am
Bilawal slams labourers' killing in Balochistan

Bilawal slams labourers' killing in Balochistan

Chairman Pakistan Peoples Party (PPP) Bilawal Bhutto-Zardari on Friday condemned killings of labourers from Sindh in Turbat after massacre of nine labourers from Naushero Feroz last week in Gwadar. In a press statement issued here, the PPP Chairman expres
Published 20 May, 2017 12:00am
Zardari vows to be part of Fata rights' movements

Zardari vows to be part of Fata rights' movements

Former president Asif Ali Zardari has vowed on Friday to participate in every movement that demands rights for the people of Federally Administered Tribal Areas (FATA). Members of the parliament from FATA including Haji Gul Afridi and Sajid Toori among ot
Published 20 May, 2017 12:00am
PAF jets strike militant hideouts in Khyber Agency

PAF jets strike militant hideouts in Khyber Agency

Jet fighters of Pakistan Air Force (PAF) pounded several militant hideouts in Khyber Agency on Friday. According to security sources, Pakistan Air Force F-16 aircrafts carried out an airstrike at Rajgal area of Khyber Agency due to which three militant hi
Published 20 May, 2017 12:00am
Pakistan Britain Business Council team visits PSX
Exchange

Pakistan Britain Business Council team visits PSX

A trade delegation of Pakistan Britain Business Council visited Pakistan Stock Exchange (PSX) on Friday. On this occasion, a special ceremony was held at main trading hall of the PSX. Julian Hamilton Barns, Chairman Pakistan Britain Business Council rang
Published 20 May, 2017 12:00am
Sindh Insurance Limited 'IFS rating' upgraded

Sindh Insurance Limited 'IFS rating' upgraded

The Sindh Insurance Limited 'IFS rating' has upgraded by the Pakistan Credit Rating Agency (PACRA) to "A+". This is the one of the highest rating any insurance company has secured from PACRA within three years of incorporation, indicating strong financial
Published 20 May, 2017 12:00am
Sindh Insurance Limited 'IFS rating' upgraded

Sindh Insurance Limited 'IFS rating' upgraded

The Sindh Insurance Limited 'IFS rating' has upgraded by the Pakistan Credit Rating Agency (PACRA) to "A+". This is the one of the highest rating any insurance company has secured from PACRA within three years of incorporation, indicating strong financial
Published 20 May, 2017 12:00am
WWF-Pakistan, P&D Balochistan sign MoU

WWF-Pakistan, P&D Balochistan sign MoU

World Wide Fund for Nature-Pakistan (WWF-Pakistan) and the Planning and Development Department, Government of Balochistan have entered into a Memorandum of Understanding (MoU) to explore future avenues of a long term partnership in environmental conservat
Published 20 May, 2017 12:00am
Imported cars enrich some Customs officials

Imported cars enrich some Customs officials

Following the massive evasion of duty and tax in the clearance of imported vehicles under the baggage scheme, the Customs department has given a go-head to all departments concerned to take those responsible for the violations to task. According to inform
Published 20 May, 2017 12:00am
UN official calls on Anusha

UN official calls on Anusha

Senior Advisor of the International Trade Centre of the lead UN Agency for Development of Trade and Commerce (UNCTAD) James Howe Leslie called on Minister of State for Information Technology and Telecommunication Anusha Rahman, here on Friday and discusse
Published 20 May, 2017 12:00am
Sachal Energy begins power production

Sachal Energy begins power production

Sachal Energy Development (Pvt) Ltd (SEDPL), a wholly owned subsidiary of Arif Habib Corporation Limited, has achieved Commercial Operations (COD) and its 49.5MW Wind Energy project has started producing power. A formal notification from Central Power Pur
Published 20 May, 2017 12:00am
NCWE to begin on May 22

NCWE to begin on May 22

A two-day 1st Young Researchers National Conference on Water and Environment (NCWE) organized by the students of US-Pakistan Center for Advanced Studies in Water (USPCAS-W) will be held on May 22 and 23, at Mehran University of Engineering and Technology
Published 20 May, 2017 12:00am
ITU Punjab to hold sixth Robotics Expo today

ITU Punjab to hold sixth Robotics Expo today

The Information Technology University (ITU) Punjab has finalized all arrangements to hold its mega event 6th Robotics Expo, "Machines of The Future": Robots" on Saturday at Arfa Software Technology Park, Lahore. This is the 6th grand event marking a Centu
Published 20 May, 2017 12:00am
Hyundai, Al-Haj join hands to introduce HGVs

Hyundai, Al-Haj join hands to introduce HGVs

Hyundai, a famous automotive pioneer recognized all over the world, has now joined hands with Al-Haj Group with the purpose of introducing top of the line heavy commercial vehicles through a technology transfer contract (TTC), under the subsidy Al-Haj Hyu
Published 20 May, 2017 12:00am
Hyundai, Al-Haj join hands to introduce HGVs

Hyundai, Al-Haj join hands to introduce HGVs

Hyundai, a famous automotive pioneer recognized all over the world, has now joined hands with Al-Haj Group with the purpose of introducing top of the line heavy commercial vehicles through a technology transfer contract (TTC), under the subsidy Al-Haj Hyu
Published 20 May, 2017 12:00am
ILO extends support to Balochistan for framing labour laws

ILO extends support to Balochistan for framing labour laws

The International Labour Organization (ILO) is supporting the Balochistan government to enact a number of Labour laws. The government is making efforts to formulate or strengthen the legislation particularly in the areas of child labour, freedom of associ
Published 20 May, 2017 12:00am
SSGC pipeline repaired

SSGC pipeline repaired

SSGC teams has completely repaired the gas pipeline which was damaged by an explosion that took place on SSGC's 16" dia gas pipeline near Madinat-ul-Hikmat at the crossing of Hub Nadi in Manghophir area on May 17, 2017 at around 8:00 pm. The explosion was
Published 20 May, 2017 12:00am
Upper Sindh sizzles at 49 degrees Celsius

Upper Sindh sizzles at 49 degrees Celsius

Upper Sindh on Friday simmered with maximum 49 degrees Celsius as the Met Office forecasts mainly hot and dry for the most parts of the country in the next 24 hours. Temperature in Dadu and Larkana districts touched maximum 49 degrees Celsius, each, Sibbi
Published 20 May, 2017 12:00am
Six more employees of BIEK nabbed

Six more employees of BIEK nabbed

As the noose is being tightened against the people involved in leaking exam papers, the Counter-Terrorism Department on Friday apprehended six more employees of the board. According to the Counter-Terrorism Department (CTD), the people recruited by the po
Published 20 May, 2017 12:00am
Two alleged terrorists killed, eight held in Dera Bugti
Exchange

Two alleged terrorists killed, eight held in Dera Bugti

The security forces on Friday gunned down at least two terrorists and arrested eight others during a raid in Dera Bugti. As per details, the Frontier Corps (FC) and intelligence agencies carried out a joint raid in Dera Bugti's Chabdar area. During the op
Published 20 May, 2017 12:00am
Educational kits distributed among 62 girl students

Educational kits distributed among 62 girl students

Approximately 49 student kits including bags, pairs of shoes, lunch boxes, and others were distributed among 62 deserving girl students of three government girls high schools of Tando Mohammad Khan district on Friday. It was aimed to reduce dropout rates
Published 20 May, 2017 12:00am
'Musharraf will have to appear before court under any circumstance'

'Musharraf will have to appear before court under any circumstance'

A three-member bench of Special Court, headed by Justice Yahya Afridi, on Friday continued the hearing of the high treason case against former President General Pervez Musharraf (retd). During the court proceedings, a representative of the Interior Minist
Published 20 May, 2017 12:00am
Measles outbreak 15 of family hospitalized in Dera Bugti

Measles outbreak 15 of family hospitalized in Dera Bugti

Woman and children among 15 people of a family were hospitalized after affected of measles here on Friday. Health sources said that measles broke out in Dera Bugti city with the increase in mercury and unhygienic condition. As a result 15 people including
Published 20 May, 2017 12:00am
Keel laying ceremony of 32 tons BP Tug for PN held

Keel laying ceremony of 32 tons BP Tug for PN held

Keel laying ceremony of 32 Tons Bollard Pull (BP), Tug being built for Pakistan Navy, was held at Karachi Shipyard & Engineering Works (KS&EW) on Friday. Vice Admiral Arifullah Hussaini, Deputy Chief of Naval Staff (Projects) graced the occasion as Chief
Published 20 May, 2017 12:00am
Cotton up slightly on weaker dollar
Cotton

Cotton up slightly on weaker dollar

ICE cotton futures rose slightly on Friday, snapping a three session losing streak on a weaker dollar, offsetting losses from recent export sales cancellations, increasing acreage and favourable weather for the natural fibre. Favourable weather in top gro
Published 20 May, 2017 12:00am
Oil at one-month high, supply-cut extension expected

Oil at one-month high, supply-cut extension expected

Oil prices rose on Friday, closing out a second week of gains on growing expectations that Opec and other producing countries will agree next week to extend output cuts. Brent crude settled up $1.10, or 2.1 percent, at $53.61, the highest settlement for t
Published 20 May, 2017 12:00am
Rubber climbs
Exchange

Rubber climbs

Benchmark Tokyo rubber futures rose on Friday, helped by a weaker yen against the dollar after stronger-than-expected US economic data put the focus back on rate hikes, and posted a gain of nearly 5 percent for the week. The Tokyo Commodity Exchange (TOCO
Published 20 May, 2017 12:00am
The Weather

The Weather

The weather report on Friday (May 19, 2017) and the forecast for Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Federal PSDP and allocations

Federal PSDP and allocations

This is apropos a Business Recorder news item "Rs 1trn FY18 federal PSDP ignores KP: CM" as carried by it on Thursday. According to it, Annual Plan Co-ordination Committee (APCC) has approved Rs 2.113 trillion for the next fiscal year Public Sector
Published 20 May, 2017 12:00am
Saudi Arab looks to assert regional role with Trump summit
Exchange

Saudi Arab looks to assert regional role with Trump summit

Saudi Arabia is looking to assert its regional leadership against Iran by hosting a summit between visiting US President Donald Trump and Muslim leaders from around the world, analysts say. Trump, on his first foreign trip since taking office in January,
Published 20 May, 2017 12:00am
EPB to TDAP: Mission export

EPB to TDAP: Mission export

No power can compensate or equal economic strength. Whether it is an individual, society or a country, economic strength is a power tool for getting things done quickly. Well, most of the time. at least. Historically in Pakistan, whenever trade commerce o
Published 20 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
China's new world order

China's new world order

The Belt and Road Forum at Beijing well projected China as the country leading the new world order with the emerging markets rallying behind it and Russia deciding to throw its weight in favour of the new order. The US and the G20 are observing the develo
Published 20 May, 2017 12:00am
Bullion Rates

Bullion Rates

Gold and silver rates in rupees per 10 grams prevailing in major cities on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
ICJ's restraining order

ICJ's restraining order

While Indians celebrate interim order of the International Court of Justice that seeks to restrain the execution of spymaster Kulbhushan Jadhav, there is the heated debate in Pakistan if the government could have prevented the initial outcome. In what has
Published 20 May, 2017 12:00am
Cotton Spot Rates

Cotton Spot Rates

Official KCA spot rates for local dealings in Pakistan rupees on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Investor concerns
Exchange

Investor concerns

Overseas Investors Chamber of Commerce and Industry (OICCI), representing approximately 200 multinationals from 35 countries, in an informal meeting with the media stated that foreign investors continue to have doubts about the sustainability of energy an
Published 20 May, 2017 12:00am
Lahore Grain Market Rates

Lahore Grain Market Rates

Grain and other commodity rates in rupees on Akbari Mandi on Friday (May 19, 2017)

Published 20 May, 2017 12:00am
Assange claims victory after Sweden drops rape probe

Assange claims victory after Sweden drops rape probe

Julian Assange claimed victory Friday after Swedish prosecutors dropped a seven-year rape allegation against the WikiLeaks founder, but insisted the "proper war" over his future was only just beginning. Assange gave a clenched fist salute as he stepped in
Published 20 May, 2017 12:00am
Assange claims victory after Sweden drops rape probe

Assange claims victory after Sweden drops rape probe

Julian Assange claimed victory Friday after Swedish prosecutors dropped a seven-year rape allegation against the WikiLeaks founder, but insisted the "proper war" over his future was only just beginning. Assange gave a clenched fist salute as he stepped in
Published 20 May, 2017 12:00am
Fata MNA criticises JUI-F, PkMAP

Fata MNA criticises JUI-F, PkMAP

Abdul Qadir Baloch, Federal Minister for States and Frontier Regions, held a meeting with FATA parliamentarians on Wednesday and informed them that the establishment does not want to remove the Frontier Crimes Regulation(FCR) nor does it seek to merge Fed
Published 20 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Fata MNA criticises JUI-F, PkMAP

Fata MNA criticises JUI-F, PkMAP

Abdul Qadir Baloch, Federal Minister for States and Frontier Regions, held a meeting with FATA parliamentarians on Wednesday and informed them that the establishment does not want to remove the Frontier Crimes Regulation(FCR) nor does it seek to merge Fed
Published 20 May, 2017 12:00am
Shipping Intelligence

Shipping Intelligence

Karachi Shipping Intelligence report incorporating changes till 7 am on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Nicosia convention targets trade in 'blood antiquities'

Nicosia convention targets trade in 'blood antiquities'

Six countries on Friday signed a Council of Europe convention which criminalises the illegal trade in "blood antiquities" that can be used to finance terrorism, officials said. The initiative, which was launched at a CoE ministerial meeting in Nicosia, co
Published 20 May, 2017 12:00am
Nicosia convention targets trade in 'blood antiquities'

Nicosia convention targets trade in 'blood antiquities'

Six countries on Friday signed a Council of Europe convention which criminalises the illegal trade in "blood antiquities" that can be used to finance terrorism, officials said. The initiative, which was launched at a CoE ministerial meeting in Nicosia, co
Published 20 May, 2017 12:00am
Militants gun down three workers on 'Silk Road' project

Militants gun down three workers on 'Silk Road' project

Suspected militants on Friday gunned down three workers building a Chinese-funded "Silk Road" highway in the Hoshab, just days after a similar attack killed 10, officials said. There was no immediate claim of responsibility, but previous attacks in have b
Published 20 May, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

No major changes were seen in the value of the rupee on the money market on Friday in the process of trading, dealers said. The rupee did not move any side against the dollar for buying and selling at Rs 105.80 and Rs 106.00, they said. The rupee, howeve
Published 20 May, 2017 12:00am
Militants gun down three workers on 'Silk Road' project

Militants gun down three workers on 'Silk Road' project

Suspected militants on Friday gunned down three workers building a Chinese-funded "Silk Road" highway in the Hoshab, just days after a similar attack killed 10, officials said. There was no immediate claim of responsibility, but previous attacks in have b
Published 20 May, 2017 12:00am
THE RUPEE: firm trend

THE RUPEE: firm trend

No major changes were seen in the value of the rupee on the money market on Friday in the process of trading, dealers said. The rupee did not move any side against the dollar for buying and selling at Rs 105.80 and Rs 106.00, they said. The rupee, howeve
Published 20 May, 2017 12:00am
CoAS calls Corps Commanders' meeting

CoAS calls Corps Commanders' meeting

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has called a meeting of Corps Commanders in the next week to discuss border situation and other important issues.
Published 20 May, 2017 12:00am
CoAS calls Corps Commanders' meeting

CoAS calls Corps Commanders' meeting

Chief of Army Staff (CoAS) General Qamar Javed Bajwa has called a meeting of Corps Commanders in the next week to discuss border situation and other important issues.
Published 20 May, 2017 12:00am
China threatened 'war' over sea row: Duterte

China threatened 'war' over sea row: Duterte

Philippine President Rodrigo Duterte said Friday China's leaders told him they were prepared to go to war over competing claims in the South China Sea. Duterte, who met with Chinese President Xi Jinping and Premier Li Keqiang in Beijing this week, said he
Published 20 May, 2017 12:00am
China threatened 'war' over sea row: Duterte

China threatened 'war' over sea row: Duterte

Philippine President Rodrigo Duterte said Friday China's leaders told him they were prepared to go to war over competing claims in the South China Sea. Duterte, who met with Chinese President Xi Jinping and Premier Li Keqiang in Beijing this week, said he
Published 20 May, 2017 12:00am
Chinese military jets intercept US aircraft

Chinese military jets intercept US aircraft

Two Chinese fighter jets intercepted an American military plane over the East China Sea, the US Air Force said Friday. The US aircraft, a WC-135 Constant Phoenix, was conducting a "routine mission" in international airspace on May 17 when it was intercept
Published 20 May, 2017 12:00am
Member to Member

Member to Member

The following transactions member to member subsequently reported on Friday (May 19, 2017).

Published 20 May, 2017 12:00am
Chinese military jets intercept US aircraft

Chinese military jets intercept US aircraft

Two Chinese fighter jets intercepted an American military plane over the East China Sea, the US Air Force said Friday. The US aircraft, a WC-135 Constant Phoenix, was conducting a "routine mission" in international airspace on May 17 when it was intercept
Published 20 May, 2017 12:00am
PM's resignation: SCBA divided over lawyers' demand

PM's resignation: SCBA divided over lawyers' demand

Suspending its secretary Aftab Ahmad Bajwa, the Supreme Court Bar Association (SCBA) on Friday announced it will not participate in a lawyers' convention to be held to formulate strategy to demand resignation from Prime Minister in the wake of Panama Pape
Published 20 May, 2017 12:00am
PM's resignation: SCBA divided over lawyers' demand

PM's resignation: SCBA divided over lawyers' demand

Suspending its secretary Aftab Ahmad Bajwa, the Supreme Court Bar Association (SCBA) on Friday announced it will not participate in a lawyers' convention to be held to formulate strategy to demand resignation from Prime Minister in the wake of Panama Pape
Published 20 May, 2017 12:00am
Nisar irked by Punjab Rangers raid in Islamabad

Nisar irked by Punjab Rangers raid in Islamabad

The federal government has threatened to withdraw paramilitary force from Punjab province if the director general (DG) Pakistan Rangers (Punjab) failed to explain reasons behind a raid conducted in a private housing society 'Top City' in Chowki Hameedan a
Published 20 May, 2017 12:00am
Nisar irked by Punjab Rangers raid in Islamabad

Nisar irked by Punjab Rangers raid in Islamabad

The federal government has threatened to withdraw paramilitary force from Punjab province if the director general (DG) Pakistan Rangers (Punjab) failed to explain reasons behind a raid conducted in a private housing society 'Top City' in Chowki Hameedan a
Published 20 May, 2017 12:00am
EPTL, PCESSDC sign agreement

EPTL, PCESSDC sign agreement

Achieving yet another milestone in an effort to harness the potential of Thari human resource, Engro Powergen Thar Limited (EPTL) has signed an agreement with Pakistan Chemical & Energy Sector Skills Development Company (PCESSDC) to sponsor a 3-year progr
Published 20 May, 2017 12:00am
Old, new technology clash as glitch hits Netflix Cannes premiere

Old, new technology clash as glitch hits Netflix Cannes premiere

The team behind the first of two controversial Netflix movies at the Cannes film festival on Friday defended working with the streaming giant, after a technical hiccup sparked near pandemonium at its premiere. British actress Tilda Swinton, a star and exe
Published 20 May, 2017 12:00am
BOARD MEETINGS
Exchange

BOARD MEETINGS

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
Board Meetings
Exchange

Board Meetings

Board Meetings of Companies listed on the Pakistan Stock Exchange.

Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
Tax Year 2015 audit: FBR not to disclose risk parameters

Tax Year 2015 audit: FBR not to disclose risk parameters

The Federal Board of Revenue (FBR) has categorically said that it would not disclose risk parameters used for selection of income tax cases for audit for the Tax Year 2015. In a clarification, the FBR has also stated that the cases selected for audit for
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
FBR to allow WHT adjustment on cash withdrawals
Exchange

FBR to allow WHT adjustment on cash withdrawals

The Federal Board of Revenue (FBR) has agreed to allow adjustment of withholding tax on cash withdrawals by branchless banking (BB) agents in budget (2017-18). Sources told Business Recorder here on Friday that the issue of adjustment of withholdin
Published 20 May, 2017 12:00am
BRIndex30 falls 140.95 points

BRIndex30 falls 140.95 points

On Friday, BRIndex30 opened at 27,517.23 points. It touched an intraday high of 27,736.70 points and an intraday low of 27,345.63 points and closed at 27,376.28 points which was -140.95 points or -0.51 percent lower than previous close. Total volume was 1
Published 20 May, 2017 12:00am
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