Trading Corporation of Pakistan, private sector granted major tax exemptions on sugar imports
Sales tax reduced from 18% to 0.25%, withholding tax lowered to 0.25%, and 3% minimum value-added tax waived on import of 500,000 metric tons of sugar
TRG to challenge court ruling as SHC voids Greentree public offer, orders return of shares
Company sees strong IBEX earnings but holds back dividends amid legal uncertainty
Dynea Pakistan to develop captive wind power project in Balochistan
Company also to commence commercial production of resin additives and white glue
Digital payments surge as mobile apps and Raast drive growth in third quarter
SBP reports 12% rise in retail transaction volumes and 22% growth in mobile-based payments
Parliamentary body rejects 4% uniform rental valuation rate on commercial properties
NA committee voices concerns over potential impact on rural areas, leading to withdrawal of the proposal; FBR chairman terms property valuations more accurate than those used by DC
Pakistan’s 0.5 million tons sugar import plan may fail to lower domestic prices, data suggests
Price surged from govt-mandated Rs168/kg to Rs180-190/kg in major urban centres; PSMA highlights increased imported sugar prices, Karyana Merchant Association Punjab announces province-wide suspension of sugar sales
Govt authorizes import of 750,000 metric tonnes of sugar after record exports, fueling price hikes
Policy to export first and import later leads to domestic price hike from Rs140/kg to Rs190/kg; concerns arise over benefiting millers
Broad money supply reaches Rs38.09tr as currency in circulation surges
Rising cash levels lift M2; bank deposits fall for the week ending June 6, 2025
KSE-100 ends lower after volatile session despite strong early gains
Index swings over 1,000 points as investor sentiment remains mixed following policy rate hold
UBL share split to take effect June 21; face value set to Rs 5
Face value halved to Rs5; total shares double but paid-up capital remains unchanged
Car, bike sales accelerate in May; 11-month volumes up 39% YoY
Auto sector benefits from lower rates, improved sentiment; 2/3-wheeler volumes hit 3-year high
New York mayor meets Pakistan’s crypto minister to discuss Web3 collaborations
Pakistani and US officials explore strategic digital finance partnership during high-level meetings in New York and Washington
Fauji Cement denies involvement in Attock Cement acquisition
Clarifies Fauji Foundation, not FCCL, linked to reported interest
Shifa International to acquire full ownership of Shifa medical center Islamabad for Rs 1.7 billion
Move aims to streamline group structure and boost operational efficiency
SECP allows TRG shareholders to reclaim tendered shares amid acquisition dispute
Move comes in light of ongoing court case; requests to be honoured until June 18