Board of PLTL rebuffs proposal to merge it with PLL
The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL
Market Daily: KSE100 gains 18.45 points as Sharif family is summoned by the court
LAHORE: The Pakistan Stock Exchange (PSX) ended around its open levels. The KSE 100 index jumped up 231.68 points to intraday high...
Mexico not expecting any eminent price shocks: central bank governor
ACAPULCO: Mexico’s central bank does not expect significant shocks to inflation in the short term, the bank’s governor said on Friday, unlike 2017...
LCCI, SPFC to promote investment in forestry sector of South Punjab
Lahore: Lahore Chamber of Commerce and Industry (LCCI) and South Punjab Forest Company (SPFC) on Monday agreed to make joint efforts to...
SBP report stresses investments in human capital, technology
'Monetary tightening along with exchange rate adjustments, reduction in development expenditures of federal govt and regulatory measures helped contain domestic demand'
KARACHI:Â The...
Soneri Bank to raise Rs4 billion TFCs to bolster capital requirements
LAHORE: A stock market notification sent to the bourse Friday by Soneri Bank disclosed that it was going to raise Rs4 billion...
Govt allows PSO to import furnace oil for power sector after three-month ban
ISLAMABAD: The government lifted a three-month ban on import of furnace oil as it directed state-owned Pakistan State Oil to ensure import...
Plastic industry seeks reduction in taxes
The three-day PakPlas2017 – the International Exhibition of Plastic Machinery, Equipment, Raw Material and Technology was held on Sunday at the Expo...
Parliamentary panel gives govt two weeks to clear its stance on circular debt
ISLAMABAD: The Senate’s Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control Tuesday gave two-week time to the Ministry of Power...
Oil prices rise, as exports plunge from Venezuela
U.S. crude oil production hit another record last week at 10.8 million barrels per day (bpd). That’s a 28 percent gain in two years, or an average 2.3 percent growth rate per month since mid-2016
Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
Mini-budget to have negative revenue impact of Rs6.8 billion during remainder of FY18-19
Despite the major shortfall of Rs 158 billion during the past six months, the FBR has kept the tax collection target unchanged at Rs 4,386 billion for this financial year ending June 2019
Petrol prices likely to go up by 12%
KARACHI:Â Oil prices are likely to increase by up to 12.8 per cent due to fluctuation in global oil prices for April.
In a...
Oil prices fall on signs of ample supply despite OPEC cuts
Brent crude futures, the international benchmark for oil prices, were at $78.07 per barrel at 0024 GMT, down 36 cents, or 0.5 percent, from their last close
The giant Chinese companies shaping the world’s industries
China's state-backed CRRC is the world's largest train manufacturer, with annual revenues of $29bn
Chinese smartphone makers are taking a larger...