HeadlinesHaving lost 680.33 points intraday to reach levels of 43,386.63, market bulls tried hard to stage a recovery after noon. Their efforts paid off to some extent and the index ended short of 271.96 points at 43,795.00.
EconomyThe Supreme Court observed on Wednesday that the government resorts to increasing the general sales tax (GST) on petroleum products by as much as 25 per cent even as crude oil prices slump in the international market.
Economy
Economy
HeadlinesKarachi Circular Railway (KCR) and up gradation of Pakistan’s Railway ML-I projects are the main focus in transport infrastructure sector to be implemented in the current phase of China Pakistan Economic Corridor (CPEC).
EconomyThe LCCI office-bearers urged the Federal Finance Minister Miftah Ismail and FBR Chairman Tariq Mahmood Pasha to restore FTR for the commercial importers in the larger interest of the industry.
HeadlinesMuffasar Malik, while requesting to withdraw 20 per cent increase in shop rent, suggested that the shop rent should only be increased by 5 per cent which should be applicable from January 2018.
HeadlinesThe index has now lost around 1,476 points or 3 per cent in the last six trading session.
Economy
Economy
EconomyBilateral Trade between the two countries has crossed $1.21 billion mark during 2016-17 and in July-April 2017-18 total trade volume was $1.54 Billion - exports at $716.18 million and imports at $831.18 million.
Headlines“These projects have helped in the emergence of new urban centres in these areas, providing job opportunities to local youth” Asim Khan said.