KSE-100: Roll-over week spoiler, Budget uncertainty weighs on index dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
Post-budget investors excitement lifts KSE-100 index by 421 points dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
The government has anticipated that the Pakistan Stock Exchange (PSX) will maintain its current growth trajectory in the next fiscal year starting July 1, 2021.
KSE-100 index breaches 48,000 level as budget uncertainty riles market sentiments dailytimes.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dailytimes.com.pk Daily Mail and Mail on Sunday newspapers.
New SOE Policy Can Help Govt Earn Rs. 64 Billion Without Any New Taxes
The Pakistan Tehreek-e-Insaf (PTI) government could collect twice as much non-tax revenues as the tax amount as dividends from state-owned enterprises (SOEs), including the Oil and Gas Development Company Limited (OGDCL), the Pakistan Petroleum Limited (PPL), and the Pakistan State Oil (PSO).
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This will be good news for the government that is desperately searching for alternative sources of revenue without having to hike or implement new taxes.
Express Tribune reported that the government can earn an additional amount of Rs. 34 billion to Rs. 64 billion in dividends from the SOEs in the next fiscal year starting 1 July 2021, with a policy of these companies paying 50 percent of the net income in dividends to their shareholders.