Updates on Tax Laws, Economy and Stock Market in Pakistan
An overview of the economic crisis and inflation in Pakistan for the week ended on 24th March 2023 The dollar reserves with the Central Bank increased to the level of 4.6 billion amid the release of Chinese commercial loan installment The foreign exchange reserves with the State Bank of Pakistan increased by USD 280 billion … Read more
Interim relief has been granted by the Supreme Court of Pakistan against deemed income tax in Pakistan on real estate imposed by section 7E of the Income Tax Ordinance 2001. The special bench made the interim decision of the supreme court of Pakistan on Wednesday 22nd of March 2023. The bench allowed the taxpayers payment … Read more
The rate of GST on luxury items including certain food items in Pakistan has been increased to 25% from the existing 18%. The government has increased the rate of GST (General Sales Tax) on the sale of luxury items including certain food items and household goods from 18% to 25% on the value of taxable … Read more
Pakistan Stock Exchange on 09-03-2023 showed a positive move and KSE 100 index improved by 226.61 points. The market closed at 41585.54 points. During the day total 113.95 million shares were traded with a value of PKR 6.498 billion. The minimum and highest levels were 41358.9 and 41648.1 points today. Most Active Stocks in Terms … Read more
Pakistan Stock Market today showed improvement today with a rise of 666.12 points over the closing level of 40670.88 points yesterday. The market closed at 41337 points today. Today 110.68 million shares were traded with a value of PKR 6.79 billion. Today’s minimum level was 40487.28 points and the highest level was 41359.11 points. The … Read more