Sports

Askari Bank’s Subsidiary to Merge With Foundation Securities

Askari Securities Limited, a subsidiary of Askari Bank Limited, will get merged with Foundation Securities Limited, a subsidiary of Fauji Foundation.According to stock filing, the Board of Directors of Askari Bank Limited, Askari Securities Limited, an…

Sports

FBR Introduces Measures to Make Duty Drawback Foolproof

The Federal Board of Revenue (FBR) has introduced a mandatory requirement of six documents for the claim of duty drawbacks on local supplies, free of duty imports, and taxes to avoid any misuse of the facility.The FBR issued an amendment draft in Custo…

Sports

Rupee Recovers After US Dollar Demand Starts Decreasing

The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) in the interbank market today. It gained five paisas against the greenback after hitting an intra-day high of Rs. 176.55 against the latter during today’s open market session.It appreci…

Sports

FBR Closes Doors of Shipment Agents for Criminal Record Holders

The Federal Board of Revenue has imposed a new condition on the renewal of licenses of shipping agents. The condition requires shipment agents to provide an affidavit declaring that the applicant has not faced any criminal proceedings from any court in…