News Makers News From Pakistan
Federal Board of Revenue's (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year.In a Twitter post, Zaidi shared details of the tax returns filed so far. As pe...
Read More » Home / Business & Legal (page 10)
Category Archives: Business & Legal
Feed SubscriptionMeezan Bank Announces Rs. 10.94 Billion After Tax Profit for Q1-Q3 2019
The Board of Directors of Meezan Bank Limited has approved the condensed interim and unconsolidated financial statements of the bank and its consolidated financial statements for the first nine months of 2019.The bank posted an after-tax profit of Rs. ...
Read More »SBP Announces Alternate to Biometric Verification for Overseas Pakistanis’ Bank Accounts
On Thursday, the State Bank of Pakistan (SBP) announced comprehensive instructions for streamlining access to bank accounts for overseas Pakistanis.Previously, overseas Pakistanis were able to access their bank accounts only after biometric verificatio...
Read More »Millat Tractors Limited Reports a 65.30% Decrease in Profits in Q1 FY 2019-20
Millat Tractors Limited, which is the largest tractor manufacturing company in the country, has announced its financial results for the 1st quarter of the fiscal year 2019-20.The tractor manufacturer posted a consolidated profit of Rs. 456 million, dow...
Read More »Mitsubishi Unit, Energas Bid to Build Another LNG Terminal in Pakistan
Tabeer Energy, a unit of Mitsubishi Corp, and Energas have sent requests to the government for building LNG terminals in Karachi. Energas, a venture that includes Lucky Group, Sapphire and Halmore, plans to build the terminal with Exxon Mobil Corp.This...
Read More »