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Senate committee asks FBR to revoke revaluation of properties SRO
ISLAMABAD: The Senate Standing Committee on Finance has directed the Federal Board of Revenue (FBR) to revoke the recent SRO issued on the revaluation of properties and urged the officials to determine the value of immovable properties in consultation with the relevant stakeholders in 15 days. –HAMZA HABIB
PSX moves both ways; KSE-100 Index gains 1.32 points
KARACHI: The Pakistan equity market moved both ways during the day on account of pressure on economic numbers along with the political disturbance, dealers said on Monday. –JAVED MIRZA
Rupee recovers 29 paisas against dollar
KARACHI: The rupee recovered 29 paisas against the dollar on Monday after a deposit of $3 billion to the State Bank of Pakistan (SBP) by Saudi Development Fund (SDF), dealers said. –SHAHNAWAZ AKHTER
PTCL signs development initiatives with Huawei
KARACHI: The Pakistan Telecommunication Company Limited (PTCL) and Ufone signed a memorandum of understanding (MoU) with Huawei Technologies Pakistan to provide learning and development initiatives for its employees, a statement said on Monday. –LATIFUR REHMAN
Duty-free imports surge 67% in four months
KARACHI: The duty-free imports have registered a growth of 67 per cent during the first four months (July-October) 2021 in the wake of a surge in the total import bill. –SHAHNAWAZ AKHTER
Clover Pakistan placed in defaulter’s segment
KARACHI: Clover Pakistan Limited has been placed in the defaulter’s segment by the National Clearing Company of Pakistan Limited, a notice issued by the NCCPL said on Monday. –LATIFUR REHMAN
IFC partners with Engro to reduce plastic waste, minimise climate impacts
KARACHI: The International Finance Corporation (IFC) is partnering with Engro Corporation to help reduce plastic waste, promote recycling and boost the company’s energy efficiency, a statement said on Monday. –SHAHNAWAZ AKHTER
Majority of CPEC projects completed: diplomat
KARACHI: The majority of the China-Pakistan Economic Corridor (CPEC) projects have been completed, with Gwadar becoming the most important in the region, an official said on Monday. –LATIFUR REHMAN
GEM Board lists second company, robust pipeline for future listings
KARACHI: Pakistan Stock Exchange (PSX) has listed a second company on its Growth Enterprise Market (GEM) Board within 10 days, while a significant number of offerings are in line, bourse’s top official said, as Universal Network Systems Limited (UNS) commenced trading on Monday. –JAVED MIRZA
Sindh fully represented in Dubai Expo: official
KARACHI: The Pakistan Pavilion is providing complete information about the investment opportunities in Sindh at the Dubai Expo, an official said on Monday. –LATIFUR REHMAN
UBG enjoys business community’s support: official
KARACHI: The United Business Group (UBG) has won the support of the business community by giving excellent performance, an official of the UBG said on Monday. –LATIFUR REHMAN
FBR tightens noose around big retailers for mandatory POS integration
KARACHI: The Federal Board of Revenue (FBR) has tightened the noose around retailers for mandatory integration of Point of Sale (POS) with the online tax system for online sharing of sales. –SHAHNAWAZ AKHTER
Mari Petroleum starts gas supply to Pak Arab Fertilizers
ISLAMABAD: Mari Petroleum Company Limited (MPCL) has announced commencement of 10mmscfd natural gas production, with effect from December 1, 2021, from Hilal-1 and Iqbal-1 discoveries in Mari Gas Field to Pak Arab Fertilizers Limited (PFL). –HAMZA HABIB
Unisame appreciates Smeda proposal to allow export of Khashkhas, jaggery
KARACHI: The Union of Small and Medium Enterprises (Unisame) has appreciated the recommendations of the Small and Medium Enterprises Authority (Smeda) for allowing export of Khashkhas and jaggery and also thanked the Pakistan Standard Quality Control Authority (PSQCA) for issuing/releasing the standard for both commodities, a statement said on Monday. –LATIFUR REHMAN
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