ICCI seeks withdrawal of amended tax laws to avoid economic collapse
ISLAMABAD:Â The Islamabad Chamber of Commerce & Industry (ICCI) has called upon the government to withdraw amendments to tax laws introduced through an...
Bears return to PSX as KSE-100 loses 204 points
KARACHI: Bears dominated Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 index failing to sustain early gains, plunging nearly 300...
Pakistan hires banks for three-tranche dollar bond sale
DUBAI: Pakistan has hired a group of banks to arrange investor calls ahead of a triple-tranche sale of US dollar-denominated bonds, a...
SBP reserves jump $275m to $13.3bn
The foreign exchange reserves held by the State Bank of Pakistan rose 2.11pc on a weekly basis, according to data released by...
Stocks extend rally with 181-point gain
KARACHI: Pakistan Stock Exchange (PSX) continued to head north on Thursday, with the benchmark index managing to touch 46,000 level intraday amid...
Pakistan, Hungary launch online platform to boost trade links
ISLMAMABAD:Â Pakistan and Hungary have launched a trade and economic window to boost their commercial and economic linkages.
Foreign Minister Shah Mahmood Qureshi and...
IMF agrees to release $500m loan tranche for Pakistan
Revival of the $6bn loan programme comes after govt's decisions to jack up electricity prices, impose additional taxes, and grant significant autonomy to central bank
SBP amends prudential regulations to encourage investment in REITs
KARACHI:Â The State Bank of Pakistan (SBP) has amended prudential regulations to encourage enhanced participation and investment of banks and development financial institutions...
Current account deficit shrinks 75pc to $50m in February
Pakistan's current account deficit – the difference between the county's higher foreign expenditures compared to income – was recorded at a nominal...
Chinese agrichemical giant to set up Rs700m plant in Allama Iqbal SEZ
BEIJING: Zhengbang Agriculture Pakistan Private Limited (ZHENGBANG) has planned an investment of Rs700 million to establish an agrichemical plant in the Allama...
Stocks surge 506 points on back of energy sector
KARACHI: Pakistan Stock Exchange (PSX) remained on an upward trajectory on Monday, with the benchmark index accumulating over 500 points to breach...
Business community expresses concerns over proposed ‘mini-budget’
Trade bodies lament abolition of Rs140bn corporate tax exemptions, imposition of Rs150bn surcharge on power consumers
FPCCI stresses measures to win investors’ confidence as FDI declining
'Despite tall claims, govt fails to attract foreign investment in construction sector'
Pakistan seeks opening of China border from next month
CPEC land route remains closed for over a year due to Covid outbreak
Stocks add 177 points in volatile session
'The market opened on a negative note but bounced back strongly in the second half, buoyed by refinery, cement and oil & gas marketing scrips'