Inflation in June accelerates to 5.21pc amid rising POL prices, rupee-devaluation
KARACHI: Pakistan’s annual inflation rate in June spiked to 5.21 per cent from 4.19 per cent in May - the biggest increase...
Vintage cars exempt from import tax, to be taxed at $5,000 flat
Under the proposed rules taxation will not vary according to the engine capacity of the car but will be imported at a fixed rate of $5,000 per unit.
NEPRA increases power tariff by Rs1.22/unit
ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) has jacked up electricity tariff by Rs1.22 per unit on account of monthly fuel...
Pakistan’s mounting external debt leaves limited window to counter risks: Fitch Ratings
LAHORE: Pakistan’s burgeoning external financing risks are further being added to by a declining foreign exchange reserve and a mounting current account...
Market Daily: PSX slips further, settles 169.63 points lower
The KSE 100 depreciated by 0.41 per cent and touched an intraday low of 41,513.95. The index finally settled lower by 169.63 points at 41,564.42.
PTI highly likely to form federal govt, says Topline Securities
Pakistan KSE-100 index to go as high as 48,000 in case of PTI led government. While the index may go up to 50,000 if PML-N leads.
Honda Atlas raises car prices amid increasing production costs
KARACHI: Honda Atlas Cars Ltd, has once again increased the prices of its cars including the Civic, City and BR-V in Pakistan...
Hike in petroleum prices will make life difficult for masses, says FPCCI
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s President Ghazanfar Bilour has said the second hike in the petroleum...
SBP celebrates 70 years of excellence amid acknowledgement from society
KARACHI: The State Bank of Pakistan (SBP) celebrated its 70 years’ anniversary on Sunday with a number of programs taking place simultaneously at the...
Economic woes push country to rely on collections from undeclared wealth
ISLAMABAD:Â The Federal Cabinet has approved a month's extension to the deadline for declaring domestic income and foreign assets. The Tax Amnesty Scheme,...
Iran to allow private sector to export oil, beat US sanctions
DUBAI: Iran will allow private companies to export crude oil, part of a strategy to counter US sanctions, and is urging fellow...
Stock market likely to remain lacklustre next week
The market is likely to remain lacklustre next week as investors are likely to focus on the outcome of the amnesty scheme beside possible political set up post elections, experts believe.
Master Motors, Changan Automobiles to enter a joint venture
Master Motor Corporation (Pvt) Limited (MMCL) Friday signed a joint venture with Chinese automotive brand Changan Automobiles for $100 million investment in the local auto industry to contribute to the indigenisation of the automobile industry of Pakistan.
Market Daily: PSX recovery on halt, sheds 87 points
The KSE 100 depreciated by 247.51 points to an intraday low of 41,750.01. The index lost 86.95 points and settled at 41,910.90.
Pakistani money in Swiss banks down, yet still above Indian funds, claims Indian media
KARACHI: Money kept by Pakistani citizens in Swiss banks fell by over 21 per cent to a record low of CHF 1.115...