Karachi—Stocks rose on Monday after a 7 percent
fall last week as investors bought shares at
lower levels on hopes of strong corporate
results for blue-chip companies due to be
announced this week, dealers said. The Karachi
Stock Exchange’s benchmark 100-share index ended
2.44 percent, or 223.65 points, higher at
9,374.50 on turnover of 156.5 million shares.
Islamabad—Every public and private sector
employee, including members of National
Assembly, Senate and federal and provincial
cabinets, with gross monthly salary income of Rs
41,666 and above are bound to file income and
wealth tax returns electronically for the Tax
Year 2009, under Income Tax Ordinance 2001.
Sources said that e-filing of tax returns and
wealth statement by salaried persons has been
made mandatory through Finance Act, 2009.
Islamabad—UBL announced consolidated profit
before tax (PBT) of Rs.10.6 billion for the 9
months ended September 2009, which is 25% lower
than in the corresponding period last year,
mainly due to higher provisions against advances
and impairment loss on investments. However, it
is important to know that Q3 2009 profit after
tax (PAT) came in at Rs.2.34 billion which is
28% above that of the last quarter.
Karachi —Prominent economist Shahid Javed Burki,
Chairman National Policy Platform for
Competitiveness of Pakistan Economy (NPPCPE) has
stressed that policymakers have to revive a
badly faltering economy besides providing a
durable political structure that ensure
prominence to the voice of the people.
Islamabad—After seeking Information through “SIM
Information system 668” introduced by Pakistan
Telecommunication Authority (PTA), around 1 lac
75 thousand complainants (5.9% of total SMSs
received at PTA’s System) have so far visited
the Customer Service Centers (CSC) of concerned
mobile operators for their SIM data correction
while more than 4 lac illegal/irregular SIMs
have been removed from the complainants’ CNICs
after they provided undertaking.
