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Page 9 - மையம் பவர் நிறுவனம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Who s who of the PSX - Newspaper

Who s who of the PSX - Newspaper
dawn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dawn.com Daily Mail and Mail on Sunday newspapers.

Tax exemptions withdrawal bill lands in NA secretariat - Newspaper

The Federal Board of Revenue (FBR) has submitted a bill to the National Assembly secretariat proposing a string of amendments to withdraw around 36 tax exemptions. Dawn/File ISLAMABAD: The Federal Board of Revenue (FBR) has submitted a bill to the National Assembly secretariat proposing a string of amendments to withdraw around 36 tax exemptions and streamline other corporate tax exemptions, which will come into effect from July 1, 2021. The corporate income tax reforms are in line with recommendations of the International Monetary Fund (IMF). The Fund estimates it will generate revenue of Rs140 billion. The bill, which will be called the income tax (second amendment) bill 2021, will be introduced in the next session of the lower house, whenever convened.

KSE-100 index breaches 44,000 level, YTD return turns negative for 1st time in 2021

news KSE-100 index breaches 44,000 level, YTD return turns negative for 1st time in 2021 Equities Correspondent Stocks continued to be battered at Pakistan Stock exchange (PSX) as mounting political uncertainty in the country led bears to rule the roost at the bourse. On Wednesday, the benchmark index tumbled for the fifth consecutive session, breaching 44,000 level, as it closed at 43,691.68 level after losing another 531.23points by the closing bell. On Monday, owing to constant selling pressure, the YTD (Year-to Date) return on benchmark index also turned negative for the first time in CY21 after today’s performance, showing a decline of 63 points or 0.15% as compared to the closing of the previous year.

Italian giant Eni streamlines its upstream portfolio

Eni’s withdrawal from Pakistan aligns to the company s broader strategy of reshaping and simplifying its portfolio, extracting additional value from its strategic assets and disposing of non-core businesses as per its four-year strategic plan. The operator on Tuesday reached agreement to sell its Pakistan assets to Prime International - a newly established company formed by a team of Eni’s local ex-employees and Hub Power Company, Pakistan’s largest independent power producer (IPP). The novel company will acquire assets from Eni including interests in eight development and production leases in the Kirthar fold belt and the Middle Indus basins and four exploration licences in the Middle Indus and the Indus offshore basins.

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