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Category: General

Sindh High Court Upholds Windfall Tax on Banks

Karachi: The Sindh High Court has upheld the legality of Section 99D of the Finance Bill 2023, dismissing petitions from commercial banks that challenged the windfall tax. This decision allows the Federal Board of Revenue (FBR) to enforce the tax, lea…

PTCL Advances Digital Connectivity with Africa-1 Submarine Cable

Karachi: The Africa-1 submarine cable, boasting ultra-high capacity, has successfully made landfall at the Pakistan Telecommunication Company Limited’s (PTCL) landing site at Sea View Beach, Karachi. This development represents a significant enhanceme…

VIS Completes Rating of PTCL’s Short Term Sukuk-6

Karachi: VIS Credit Rating Company Limited (VIS) has finalized the rating for Pakistan Telecommunication Company Limited’s (PTCL) Short Term Sukuk-6, valued at PKR 10 billion. The issuance and maturity dates for this financial instrument were July 15,…