KCCI president concerned over continuous rupee devaluation
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) President Muffasar Atta Malik, while expressing deep concerns over the continuous devaluation of rupee against...
Brazil, India’s corporate debt most vulnerable to rate hikes: McKinsey
McKinsey researchers found more companies had shifted to bond market financing after the 2008 crisis, with nearly 20 percent of corporate debt now in the form of bonds — around double the levels of a decade ago
Pakistan can stave off monetary crisis: Experts
State Bank of Pakistan recently devalued the Pakistani rupee for the third time in six months, stoking concerns that the country may have to go to the IMF for a bailout.
Eid spending rises 15 percent, breaks Rs1 trillion trajectory
Director Operations, Emporium Mall Lahore Afnan Shah Khan projected a 20 percent rise in the market compared to last year and shared footfall crossed over a million during Ramazan this year against 830,000 in Emporium Mall last year
E-commerce sales disappoint on occasion of Eid-ul-Fitr
As per a rough estimate, around Rs50-60 billion was spent by consumers in Karachi on Eid shopping, the city constituting 10 percent of Pakistan’s population of 207 million
As elections loom, hopes of PSX rally gather steam
During Ramazan, the KSE-100 index recovered 3.26 percent or 1,379 points from May 17th to June 14th, touching 43,680.68 points at end of last trading session
Bahria Foundation to establish RLNG terminal at Sonmiani
Sources revealed the previous government had given go-ahead to the gas pipeline project from Sonmiani to Nawabshah by ISGS on condition that Bahria Foundation conducts the feasibility study as the leader of the project
Pakistan e-commerce sales set to cross $1 billion by 2020
Pakistan has one of the highest rates of mobile and internet penetrations in South Asia with 40 million Internet subscribers and 20 million Facebook users
FBR accelerates tax recovery drive to plug Rs661 billion revenue deficit
During the first eleven months (July-May) of FY18, the tax regulator collected Rs3.274 trillion
China to extend support through short term loans
It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.
US imports push Japan into trade deficit in May
TOKYO–Imports of US aircraft helped push Japan to a trade deficit in May, official data showed on Monday, but experts said it...
Rupee likely to fall below 125 to dollar after Eid
The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.
FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge
In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion
As trade war with China looms, U.S. readies second wave of duties
The $100 billion list will be subject to the same public comment and hearing process as the $50 billion list, so it could take 60 days or more to put into effect
Rupee nosedives to Rs124 against greenback in kerb market
In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.