KARACHI (May 29, 2009): Karachi Stock Exchange (KSE) has officially launched mKATS, in collaboration with VectraCom (Pvt) Limited on Thursday. The mKATS is an investor facilitation service provided on any hand held mobile set (all mobile operators), by dialling KSE(573) short code or sending an SMS, to receive live KSE Index position, information about any scrip, traded volume etc. The information is sent directly from KSE.
Rental income: SECP proposes rationalisation of taxation
ISLAMABAD (May 29, 2009): Securities and Exchange Commission of Pakistan (SECP) has proposed rationalisation of taxation on rental income in the upcoming budget (2009-2010) to apply uniform tax rate on income from property. Sources told Business Recorder on Thursday that the SECP has proposed amendment in the Income Tax Ordinance 2001 to rationalise tax rate on rental income.
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