Textile exporters call for restoration of zero-rating facility
APTMA chairman says it will be unfair to expect textile value chain to keep paying sales tax in the absence of cash flow
Bears return to bourse as index sheds over 1,000 points
KARACHI: Bearish sentiments surrounded the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 nosediving over 1,100 points intraday.
Foreign investors changed...
Muted Ramadan, Eid amid pandemic slam seasonal rise in palm oil demand
The palm oil market is set to miss out on a key high-demand period in 2020 as coronavirus-driven lockdowns during the holy...
What is a negative crude future and does it mean anything for consumers?
Supply of fuel has been far above demand since the coronavirus forced billions of people to stop traveling. Because of oversupply, storage...
Dollar falls to 161.50 in interbank market
The rupee made a significant recovery in the money market on Tuesday as the dollar fell and is currently trading at trading...
SBP sets Zakat nisab at Rs46,329 for 2020
KARACHI: The government on Monday set the ‘nisab for Zakat’ at Rs46,329 for the current year, a statement from the State Bank of...
CCP’s performance ‘satisfactory’, says PM’s aide in inquiry report
ISLAMABAD: Adviser to Prime Minister on Institutional Reforms & Austerity Dr Ishrat Hussain has submitted to the government his inquiry report regarding...
What policy cut? Foreigners buy T-bills for the first time since Feb
KARACHI: In a surprising development, after weeks of divestment, foreign investors bought $191 million worth of treasury bills (T-bills) on April 17,...
Foreign Direct Investment rises 92pc in March
KARACHI: Foreign Direct Investment (FDI) in Pakistan rose 92pc to $279 million in March 2020, compared to $145 million in March last...
HabibMetro’s income falls 5pc in first quarter
KARACHI: The Board of Directors of Habib Metropolitan Bank Ltd (HMB) met on Friday to review the bank’s performance and announce its...
1Q2020: Engro Fertilizers posts 86pc decline in profit
LAHORE: The Board of Directors of Engro Fertilizers Limited (EFERT) met on Monday to review the company's performance and announce its financial...
Petroleum imports plunge 39pc in March
Pakistan's oil import bill drops from $1.1bn in Feb 2020 to $668m in March
NITL launches ‘asset allocation fund’ to facilitate investors
'Investments will be allocated between equity and debt markets to achieve competitive returns amid volatile market conditions'
A barrel of oil now cheaper than a plate of chicken biryani
WTI US crude May contract is now trading at less than $1 a barrel, hitting its lowest level ever, while futures have...
Stocks extend gains with 667-point rally
KARACHI: Continuing with the positive momentum from the previous session, the Pakistan Stock Exchange (PSX) managed to accumulate decent gains on Monday,...