Business

Inland Revenue Department

AJK Revenue Dept recovers Rs25.28m from tax defaulting clothing brand in Mirpur

Business /

MIRPUR (Kashmir English): The Inland Revenue Department of Azad Kashmir has taken decisive action against a prominent clothing brand in Mirpur for failing to pay sales tax during the fiscal year 2024-25, recovering Rs25.28 million from the brand’s account. According to the department, the brand deducted 18% sales tax from customers on clothing sales in the […]

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Pakistan Stock Exchange

Pakistan Stock Exchange rises by 1600 points after federal budget approval

Business, Pakistan /

KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) witnessed a major rally on Friday, surging nearly 1,600 points just a day after the federal budget for 2025–26 was passed. The KSE-100 index climbed 1581.77 points, or 1.3 per cent, to stand at 123,628.23 at the close of the first session, from the last close of

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Inland Revenue Department

AJK Inland Revenue Department recovers over Rs12.5 million from tax defaulters

Business, Must Read /

MIRPUR (Kashmir English): The Inland Revenue Department of Azad Kashmir has successfully recovered over Rs12.5 million from tax defaulters, including sales tax and education cess from industrial units in the Mirpur Industrial Area. This recovery is part of the department’s efforts to meet its revenue targets, led by Chairman Central Board of Revenue, Chaudhry Raqeeb, who

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Pakistan Stock Exchange

KSE-100 Index soars over 4,000 points after Iran-Israel ceasefire announcement

Business, Pakistan /

KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) witnessed a remarkable surge on Tuesday as the KSE-100 Index jumped by more than 4,000 points at the opening bell. The rally came shortly after news broke of a ceasefire between Iran and Israel, bringing a wave of optimism across regional markets. According to market reports, the

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wheat

AJK Govt caused loss of billions by purchasing wheat more than required

Business, Kashmir, Must Read, Muzaffarabad /

  MUZAFFARABAD (Kashmir English): The government of Azad Jammu and Kashmir (AJK) caused loss of billions of rupees to the national exchequer by procuring far more wheat than required during the fiscal year 2022-2023, reveals the Auditor General of Pakistan’s report for the fiscal year 2024-2025. According to the report, the Azad Kashmir government purchased

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