Bears dominate as KSE-100 sheds over 600 points

KARACHI: Bears of Pakistan Stock Exchange (PSX) were again successful in capturing the market, as the indices bled for the most part of Wednesday.A lack...

Engro’s third quarter profit rises 62pc YoY

LAHORE: Engro Corporation, on Monday, in a board of directors meeting held in Karachi approved its financial results for the quarter ended March 31,...

Products, services should meet high standards: Zubair

KARACHISindh Governor Muhammad Zubair expressed his hopes that manufacturers and service providers will keep their momentum to provide best goods and services in order...

Mercedes aims to be among top two players to scale autonomous tech: paper

FRANKFURT: Mercedes-Benz’s is not aiming to be the first manufacturer to develop a self-driving car but it wants to be among the first two...

CDNS hikes saving scheme rates to almost four-year highs

Till now, the CDNS has raised a total of Rs2.72 trillion via the sale of saving schemes (net of prized bonds) by 31st August of this year which translates to 15.67%  of the overall government domestic debt and liabilities at Rs17.36 trillion, as per the central bank

FBR nets 55pc more income tax returns over previous tax year

ISLAMABAD: The Federal Board of Revenue (FBR) has registered a landmark 55 per cent increase in the number of Income Tax returns filed until...

Food Fortification Programme delegation briefs Rana Afzal

ISLAMABAD: A three-member delegation of the Pakistan Food Fortification Programme (FFP), headed by Diane Northway, called on the Minister of State for Finance Rana...

Talks between Pakistan, China for FTA to begin next month

ISLAMABAD: Federal Secretary for Trade, Younus Dagha has said that the talks between Pakistan and China for a Free Trade Agreement (FTA) will commence...

Nestlé Pakistan records 4.24pc revenue growth in H1 2018

KARACHI: Nestlé Pakistan recorded a revenue growth of 4.2 per cent for the six months ended on June 30, 2018 with an overall increase...

Govt removes stipulation permitting non-filer overseas Pakistani’s to purchase property

The government issued a circular disclosing the stipulation on purchase/transfer of property having a value over Rs5 million by non-filers was not applicable to legal heirs procuring property via inheritance

Telecom companies paid Rs42,549b taxes during last five years

Islamabad: Pakistan’s telecom companies are said to have paid an amount of Rs 42,549.3 billion tax during last five years.The major contribution in terms of...

On last day in office, Abbasi govt raised LNG import margins

ISLAMABAD: The Pakistan Muslim League-Nawaz (PML-N) government increased profit margins on liquefied natural gas (LNG) imports quietly on the last but one day to run in its...

Ogra defies ministry orders; sets LPG price at Rs910/cylinder

Defying  petroleum ministry recommended prices of Rs1,100 per 11.8kg LPG cylinder, the Oil and Gas Regulatory Authority (Ogra) on Friday set LPG price at...

NAB authorises inquiry against Azgard Nine, Agritech Limited

LAHORE: National Accountability Bureau (NAB), in a notice to the Pakistan Stock Exchange (PSX) informed that it has authorised an inquiry against owners and directors...

Petrol prices likely to go up by 12%

KARACHI: Oil prices are likely to increase by up to 12.8 per cent due to fluctuation in global oil prices for April.In a summary moved...

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