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...
Mega Conglomerate to launch Rs10 bond, expects its value to reach Rs1mn in five years
LAHORE: Mega Conglomerate Private Limited (MCPL) Chairman Habibullah Khan, in an interview with Profit recently, announced his plans to launch a Mega bond.
The...
Spotify shares surge in record-setting direct listing
Shares of Spotify Technology ended up 12.9 per cent on their first day of trade on the New York Stock Exchange (NYSE),...
Cryptocurrency profits in Asia rise as arbitrage boom fizzles
SHANGHAI: When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up...
Exchange rate under pressure, amid rising dollar demand
LAHORE: The rupee further devalued against the dollar on Tuesday, amid rising demand for the greenback and tight interbank regulations by the...
Pak holds 10th Round of Phase II China Pakistan Free Trade Agreement
ISLAMABAD: The 10th Round of Phase II China-Pakistan Free Trade Agreement (CPFTA) was held in Islamabad on 2nd April, 2018.
The session was...
Wall Street, Silicone Valley observe as Spotify goes public
NEW YORK: Spotify Technology's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are...
‘Eighteen’ goes international with a grand launch event at Burj Khalifa
DUBAI: With its offices already positioned in Emaar Square, Dubai; Eighteen invited all the overseas Pakistanis along with the local business communities of...
Government lacks legitimacy to announce budget this month: experts
ISLAMABAD: As the government has decided to announce the budget for next financial year 2018-19 by the end of this month, experts...
How bank CEOs rake in the big dough
As the curtain coming down on 2017 coincided with his premature exit as CEO of Pakistan’s largest commercial bank, Habib Bank Limited,...
Tobacco, cement, cotton production increases from last year
ISLAMABAD: Cement production in the country, witnessed a growth of 12.13 per cent during the first seven months of the current fiscal year, as...
Zero duty on 75pc tariff lines for China to harm local industry: PIAF
KARACHI: The Pakistan Industrial and Traders Associations Front (PIAF), as a major stakeholder, has opposed the government's plan to offer zero duty...
Pakistan not ready to reap full benefits of CPEC
LAHORE: The commander of Lahore corps Lieutenant General Aamer Riaz, stressed the need to remodel institutions in order to get the maximum benefits...
Pakistan amongst best performers, up by 12pc on MSCI, says report
LAHORE: Despite political and external pressures, Pakistan has recorded a surge of 12 per cent on the MSCI index and 6 per...
Market unshaken despite external woes, gains 13pc QoQ
LAHORE: Despite depleting foreign exchange reserves, Pakistan equities continued its positive trajectory for third consecutive week, gaining 530 points (+1.2 per cent)...