Market Daily: KSE 100 crosses 45,000pts, analysts stand divided
LAHORE: Following a lacklustre open and sideways move through most of the first half of Thursday, the 100 Index got wings in...
Revenue share of tobacco industry decreases to 83.69bn in 2016-17
KARACHI: The revenue collection of Federal Board of Revenue (FBR) on documented cigarettes further declined to Rs83.69 billion in the year 2016-17...
IMC invests Rs4bn to increase production capacity by 20pc
ISLAMABAD: Indus Motor Company (IMC) has invested Rs4 billion to debottleneck its production facility and increase production capacity by 20 per cent i.e. up to...
GSK set to capitalise as Reckitt Benckiser pulls out of Pfizer deal
NEW YORK:Â British consumer goods group Reckitt Benckiser has pulled out of discussions with Pfizer over buying its consumer healthcare business, strengthening the...
Asia’s LNG market experiencing shakeup as new countries start importing
LAHORE: Asia's LNG market that had long been dominated by Japan and South Korea is undergoing a transformation as Pakistan and Thailand have...
Govt gunning to jump from 147th to 50th in ease of doing business: BOI Chairman
LAHORE: Board of Investment (BOI) Chairman, Naeem Y. Zamindar believes Pakistan can achieve a ranking among the top fifty of World Bank’s...
Best Buy cuts ties with China’s Huawei
HONG KONG: Best Buy, the largest US consumer electronics retailer, will cut ties with China’s Huawei Technologies, a person familiar with the...
Forex reserves continue bleeding trend as govt amasses $7.6 billion in loans
ISLAMABAD: The foreign exchange reserves held by the central bank continued to bleed even after the government borrowing spree continued and amassed...
Telco’s demand decrease, restoration of tax exemptions in upcoming budget
ISLAMABAD: Pakistan’s five renowned telecom companies have jointly approached the Ministry of Finance for streamlining of taxes and duties in the upcoming...
Govt decides to re-levy three surcharges on power consumers
ISLAMABAD: The government in line of recommendations made by the International Monetary Fund (IMF) has decided to re-enact three surcharges on power...
Government to abolish support price system for sugarcane
ISLAMABAD: The government has decided to completely abolish the support price system for sugarcane crop and devise a new pricing mechanism which...
Revised wealth statement form provides loophole to hide overseas assets
ISLAMABAD: Revisions made in the wealth statement form a year back have decreased the disclosure requirements for individuals having offshore assets and...
Federal govt to set up Institute of Petroleum Technology in District Karak
PESHAWAR: The federal government will set up the Institute of Petroleum Technology at a cost of Rs2 billion in District Karak approved...
LPGAP calls for consistent pricing policy, facilitation of local maunfacturers
LAHORE:Â The Liquefied Petroleum Gas Association of Pakistan (LPGAP) on Wednesday demanded from concerned authorities to formulate a consistent policy regarding pricing of...
RCCI President for broader tax base, business friendly policies
RAWALPINDI: President Rawalpindi Chamber of Commerce and Industry (RCCI) Zahid Latif Khan on Wednesday urged the Federal Board of Revenue (FBR) Chairman...