KP Revenue Authority reduces sales tax on 29 services
Sales tax on construction services lowered from 15pc to 2pc; hotels, restaurants, guest houses to be taxed at 8pc
Cement despatches slow down in AugustÂ
--Overall despatches drop from 4.83m tonnes in July 2020 to 3.52m tonnes in Aug
--APCMA attributes the slow down to heavy rains, Eidul...
Oil prices at one-month low on demand worries
LONDON: Oil prices extended losses on Thursday, falling to their lowest point since early August, as worries about weaker US gasoline demand...
Pakistan’s exports plunge 19.5pc YoY in August
PM's commerce adviser attributes the fall to 'unprecedented monsoon rains' which disrupted the supply chain
Stocks storm past 42,000-level as volume hits decade high
KARACHI: Investors of the Pakistan Stock Exchange witnessed another exciting session on Thursday, as the benchmark index continued to accumulate gains while...
Maple Leaf Capital raises stakes in Pioneer Cement to 10.9pc
KARACHI/LAHORE: Maple Leaf Capital Limited, in a notification issued to the Pakistan Stock Exchange (PSX) on Thursday, reported that the company has...
Oil drops 1.5pc, reversing course as US gasoline demand slumps
NEW YORK: Oil fell more than 1.5pc on Wednesday, reversing course as gasoline demand fell in the United States in the latest...
India bans PUBG, 117 other apps as it takes aim at China tech
BENGALURU: India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd’s popular videogame PUBG, citing data security concerns, according...
Gold price drops to Rs115,200 per tola
ISLAMABAD: The price of 24-karat gold decreased by Rs2,500 on Wednesday and was traded at Rs115,200, as against its previous closing at...
Stocks jump 457 points as volume hits year’s peak
KARACHI: The Pakistan Stock Exchange (PSX) extended its rally on Wednesday as indices continued to move north while volumes inflated to the...
Inflation drops to 8.2pc in August
ISLAMABAD:Â Headline inflation in Pakistan fell from 9.3pc in July 2020 to 8.2pc in August, mainly due to a slight decrease in prices...
PSO reports Rs6.5bn loss for FY20
'Unprecedented losses of Rs16.4bn incurred during the 4th quarter of FY20 eroded the net profit of Rs3bn earned by the company during the first three quarters'
Rupee continues to recover, reaches Rs165.4Â against USD
KARACHI: The Pakistani Rupee registered gains on Tuesday and was traded at Rs165.4 against the dollar. This level has not been seen...
Bourse turns bullish over improved investor sentiment
‘Expectation of reduction in inflation figures along with recent PKR recovery against USD helped lift investor confidence’
Gold price rises Rs700 per tola
ISLAMABAD: The price of 24-karat gold increased by Rs700 on Monday and was traded at Rs117,400, as against its previous closing at...