Tag: New

FBR, Finance, News

FBR WARNS NON FILERS

FBR reiterates that every person owning a car above 1000 cc and a house measuring 500 sq. yards or above is mandatorily required to file return of income irrespective of having any taxable income during the year. Penal actions will be taken against delinquents. Avail extension. Continue reading FBR WARNS NON FILERS

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Finance, SBP

State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

As a major move towards addressing the challenge of access to finance to farming community, State Bank of Pakistan has amended its Prudential Regulations of Agriculture Financing, SME Financing, and Corporate & Commercial Banking by allowing banks to accept Electronic Warehouse Receipts as collateral for lending against storage of agriculture produce and commodities. Warehouse Receipt Financing (WHRF) is a mechanism whereby farmers, traders and processors … Continue reading State Bank of Pakistan allows Electronic Warehouse Receipt as collateral for bank financing.

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Finance, News, SECP

SECP working towards Ease of Doing Business

The recent measures by SECP to make the process of companies incorporation easy and hassle free, led to 19 % increase in registration of new companies in Oct 2019. The SECP has registered 1,659 new companies, raising the number of total registered companies to 107,062. Amongst new incorporations, 96 % companies were registered online and 43 % of the companies were registered in same day. … Continue reading SECP working towards Ease of Doing Business

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Economy, Finance, News

In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

Hitting $21 billion USD in sales in a matter of hours. China’s official consumer holiday “Singles’ Day” has just hit a record-breaking high in terms of sales. Singles day (11/11), given the name due to the repeating number one — referring to being single, the day for shopping sees a wide variety of items heavily discounted from both online and offline retailers. The biggest pulls … Continue reading In 96 Seconds Alibaba Sells Record-Breaking $1.43 Billion USD Worth of Goods

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Global, News, Pakistan

Sikhs praise PM Imran Khan

As praises pour in for Prime Minister (PM) Imran Khan over the opening of the Kartarpur Corridor despite deteriorating Pakistan-India ties, a group of Sikhs has demanded Nobel Prize for the premier. According to reports, several Sikh organisations, including “Sikhs for Justice”, have decided to launch a campaign seeking the Nobel Prize for Imran in a bid to make the world recognise his peace efforts. … Continue reading Sikhs praise PM Imran Khan

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Finance, investment, News, SECP, Stocks and Analysis

SECP reforms further.

The Securities and Exchange Commission of Pakistan (SECP) has been undertaking a reform agenda to revitalize the capital market and promote expansion of investor base. It is felt that small and medium sized brokerage houses, alongside large ones, have a critical role to play in this regard.  Based on representations received from various stakeholders including small sized brokers and recommendations of the Stock Market Reforms … Continue reading SECP reforms further.

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Finance, Global, News

McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

McDonald’s Corp. fired Chief Executive Officer Steve Easterbrook because he had a consensual relationship with an employee against company policy, losing the strategist who had pushed the world’s largest restaurant chain into delivery and online ordering. The burger company’s board voted Friday to terminate Easterbrook, 52, after investigating the relationship, according to a statement Sunday. McDonald’s policy doesn’t allow the CEO to have a relationship with … Continue reading McDonald’s Fires CEO Steve Easterbrook Over Relationship With Employee

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