Bullish trend prevails as KSE-100 closes 447 higher

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive start to the trading week, as the indices headed north as soon as the opening...

KSE-100 lands in red amid volatility

KARACHI: Stocks failed to maintain the positive momentum of the previous session and landed in the red zone amid volatile trading on Friday. Foreign investors...

Bourse turns bearish, sheds 353 points

KARACHI: The Pakistan Stock Exchange retraced its footsteps following a weak finish to the previous session and traded lower throughout Wednesday. The foreign investors...

Stocks fall flat amid range-bound trading

KARACHI: The stock market ended flat in a range-bound session on Tuesday following the announcement of the monetary policy a day earlier. The indices remained...

Market Weekly: Rupee strengthens, PSX up 3.3pc

Positivity prevailed at the Pakistan Stock Exchange (PSX) in the outgoing week with the KSE-100 Index gaining 1,014 points or 3.3pc to settle at...

FBR rejects revising tax rates for non-filers withdrawing cash over Rs 50,000

ISLAMABAD: The Federal Board of Revenue (FBR) on Friday refuted reports regarding revising the tax rates for non-filers withdrawing cash worth over Rs 25,000. In a...

Is Ernst & Young about to exit Pakistan?

Ernst & Young, the global accounting and professional services firm that goes by its brand name EY, is re-evaluating its relationship with its Pakistani...

Abraaj fleeced investors to plug shortfalls

Abraaj's legitimate business activities 'could not produce and maintain the cash flow and cash flow reserves necessary to conduct basic, day-to-day functions' The indictment...

Pak-Qatar Takaful Group posts net profit of Rs133mn

KARACHI: Pak-Qatar Takaful Group has registered an immense growth during the preceding year with an aggregate turnover of around Rs9 billion. The group posted...

Budget 2019-20: Salaried class to pay more taxes under PTI govt

Tax reliefs for salaried class introduced by the PML-N government have been withdrawn by the PTI led government in the latest budget.

The heir to Agha Hasan Abedi

How Abraaj’s downfall has echoes of the earlier scandal of BCCI’s collapse, and how it might impact the place of Pakistanis in global finance

Rupee tumbles down to 157 against the dollar, record interbank high

The Pakistani Rupee depreciated to Rs153.75/Rs154 during the early trading hours in the interbank market here on Friday

Pakistani start-up Atoms secures $8.1m financing

Atoms, a Pakistani e-commerce brand and one of the trailblazers in the world of footwear, has raised $8.1 million from a list of illustrious...

Why the Pakistan Banao Certificates are a bad investment

My first job out of college was at a brokerage firm in New York whose offices were just two blocks north of the Roosevelt...

MCB Bank announces financial results for half year ended June 30

LAHORE: The Board of Directors of MCB Bank Limited, met under the Chairmanship of Mian Mohammad Mansha, on August 01, 2018 to review the...

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Pakistan to export cigarettes worth $50m for the first time

ISLAMABAD: Although Pakistan has been exporting tobacco and tobacco products to various countries, now for the first time, the country is going to export...

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China needs to change way it finances economy, think tank says

HANGZHOU: China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the...