LTO Karachi surpasses target of Rs.1221 Billion tax in collection
Federal Board of Revenue Large Taxpayer Office Karachi for the first time crossed one trillion benchmark of half-yearly collection by incurring taxes amounting to Rs.1221 billion during July to December 2023.
Editor
PSX turns around to bullish trend, gains 297 points
The 100-index of the Pakistan Stock Exchange turned around to bullish trend, gaining 297.25 points, a positive change of 0.46 percent, closing at 64,646.85 points against 64,349.60 points the previous trading day.
Adil Aziz
Fiscal deficit’s curtails to 0.8 percent of GDP: Report
Owing to consolidated measures implemented by the government, the fiscal deficit has been curtailed to 0.8 percent of GDP during the first four months of the current fiscal year.
Two global shipping companies stop the ships transit in Red Sea
Denmark’s Maersk and German rival Hapag-Lloyd said (Jan 2) that their container ships would continue to avoid the Red Sea route that gives access to the Suez Canal following a weekend attack on one of Maersk’s vessels.
SECP organizes financial reporting workshop on capital markets
The Securities and Exchange Commission of Pakistan hosted a financial reporting workshop for journalists to elaborate on various factors and elements that can impact performance and cause volatility in the equities market.
High-profile Chinese business delegation visit to exploring new avenues to invest in Pakistan
The delegation represented diverse industries such as import and export, technology, electronics, machinery, office supplies, apparel, and building materials.
Pakistan goods export to China increase by 39.44%
Pakistan’s export of goods and services to China witnessed an increase of 39.44 per cent during the first five months of the current fiscal year 2023-24, according to the State Bank of Pakistan reported.
Mehfooz
Imports of agriculture sector machinery and equipment surged by 60.76 percent
The imports of the overall machinery group witnessed an increase of 6.36 per cent during the first five months of the current fiscal year 2023-24 compared to the corresponding period of the last year, the Pakistan Bureau of Statistics.
Mobilink Bank’s loan disbursement to MSMEs to increase by 41%
Mobilink Bank stood out for its commitment to empowering Micro, Small, and Medium Enterprises (MSMEs), constituting a significant 36% of its total loan portfolio and a noteworthy MSME Growth (YoY) of 41% in 2023. The Bank strongly advocates for social mobility, especially in empowering MSMEs and women across remote rural regions, offering tailored financial products and services.
Pakistan signs agreements with int’l companies to boost employment opportunities
Pakistan signed over a dozen agreements with Saudi and international companies that were executed during the recent expo in Saudi Arabia to boost employment opportunities abroad for the Pakistani workforc