Business

Inland Revenue Department

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

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

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

  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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Pakistan Stock Exchange

PSX takes a sharp dip as US strikes on Iran trigger market uncertainty

KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) witnessed a sharp decline on Monday as investors reacted to growing regional tensions following U.S. airstrikes on Iran’s nuclear sites. The benchmark KSE-100 index fell significantly in early trading hours, reflecting a risk-averse market sentiment. The benchmark KSE-100 Index of PSX declined by 1639.27 points, a drop

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