Who owns Pakistan? 11 business groups that own 35pc of KSE’s market cap
An infographic by KASB Securities has named the top 11 business groups, which make up 35 per cent of the total KSE...
PM wants exporters to push country’s exports to $100bn
LAHORE: Prime Minister of Pakistan Shahid Khaqan Abbasi on Sunday stressed upon the exporters to increase Pakistan's exports to at least $100...
Water scarcity a threat to the country: FPCCI
KARACHI: FPCCI Chairman Coordination Malik Sohail Hussain on Sunday asked the government to take concrete steps to overcome water scarcity which has...
SECP chief appointed on recommendation of Ishaq Dar
KARACHI: The appointment of Shaukat Hussain as new chairman of Securities and Exchange Commission of Pakistan (SECP) was made on the recommendation...
Cement prices increased ahead of FED implementation
LAHORE: Cement makers have increased prices in the northern region by Rs15-20 per bag ahead of the Federal Excise Duty (FED) to...
Masses to pay for excessive profits of influential industrialists: PEW president
KARACHI: The Pakistan Economy Watch (PEW) on Sunday criticised the decision to buy costly electricity from sugar mills in the presence of...
Sindh Bank-Summit Bank amalgamation not to go ahead without SC approval
The merger of Sindh Bank-Summit Bank has come under scrutiny due to alleged financial irregularities
Govt imposes RD on brass/copper scrap exports
APWCA welcomes the move terming it as an industry-friendly decision
TAPI pipeline groundbreaking ceremony postponed for few months
Previously, the groundbreaking ceremony on Pakistan’s side was set to be held in December 2017, but the work couldn’t be commenced because of several reasons including non-completion of some preparatory works, route, geotechnical, radar survey
ECC gives go-ahead to revisions in OGRA ordinance 2002
The ECC also gave go-ahead to exemption from regulatory duty on import of dry fruits, vegetables and fresh fruits from Afghanistan which was proclaimed by PM Abbasi on his visit to Kabul recently
Urea prices to rise further, if govt doesn’t release subsidies
Last week, the fertilizer manufacturers had jacked up prices of urea by Rs100 per bag and could increase it by a further Rs106 due to the finance ministry’s unwillingness to release the pending subsidy
Foreign entities stuck tax refunds rise to Rs58 billion
OICCI expressed worries over a 100 percent rise in customs duty and extension of regulatory duty recommended in next financial year's budget, stating this would increase manufacturing costs across the country
PM Abbasi announces extension of tax holiday on IT exports for six years
The IT industry is the fastest growing sector of the Pakistan economy, with annual growth rates more than 30 percent and expected to double in size over the next 3-4 years
SBP asks for FIA, FBR’s assistance to control forex smuggling
A source who had viewed the SBP letter shared the unfettered and unexplained inland movement of foreign currencies in bulk could serve as a channel of smuggling across borders
Market Daily: KSE 100 closes down 260.99 points, settles at 43,594.79
LAHORE: Following another buoyant open amid thin participation the 100 Index retraced intraday gains (+171.8 points; +0.39 per cent) and closed in...