Dollar edges up against yen on U.S.-China trade hopes
The dollar index, which measures the greenback against six major peers, was largely flat at 96.056 after briefly rising to a near two-week high of 96.264 during the previous session
Germany, China pledge to deepen pragmatic financial cooperation
Trade between the two nations has softened amid uncertainty caused by the U.S. tariff dispute with China, but both have shown willingness to demonstrate that the world remains multilateral
Govt considering to scrap provision of automatic selection for audit of late filers
This is part of efforts to widen the tax net and officials at the tax regulator stated the government might revise the provision to include names of late filers of income tax returns in the Active Taxpayers List (ATL)
Import duties on mobile phones raised by 15%: Report
Also, a stipulation of Type Approval has also been enforced on the import of used mobile phones and according to KEDA President Muhammad Rizwan, this could result in government raising prices by as much as Rs20,000
SECP chief visits PSX, discusses reform agenda with directors
KARACHI: Securities and Exchange Commission of Pakistan (SECP) Chairman Farrukh H Sabzwari, along with his team, visited the Pakistan Stock Exchange Limited...
PSX down 28 points amid volatility
KARACHI:Â Volatility continued at the Pakistan Stock Exchange (PSX) for second consecutive session where the indices kept shedding gains to end the day...
Naubahar Bottling interested in acquiring 98.23% stake in Baba Farid Sugar mills
The company was founded in 1978 and is based in Lahore and is a subsidiary of Pattoki Sugar Mills Limited
British Lotus cars to be ‘Made in China’ at new Geely plant – documents
The share of luxury SUVs in China’s overall passenger car market grew from 4.07 percent in 2014 to 5.01 percent in 2018, according to data from consultancy J.D. Power
Asian shares track Wall Street gains on robust US earnings
Japan’s Nikkei 225 index edged 0.1 percent lower to 20,417.97 while South Korea’s Kospi added 0.2 percent to 2,111.06
Dollar stalls, sterling steadies after May wins no-confidence vote
The dollar index, which measures the greenback against six major peers, was a shade higher at 96.133 after gaining about 1 percent over the previous five sessions
Record U.S. crude production weighs on oil prices
International Brent crude oil futures were down 34 cents, or 0.6 percent, at $60.98 per barrel
Auditors decline to certify PIA’s financial statements citing ‘missing record’: Report
The sources said the reason for the records went missing were pertaining to the transfer of its previous system into Oracle Enterprise Resource Planning (ERP), which kept a day-to-day record of business transactions
Govt willing to scrap 0.02% advance tax on sale & purchase of shares
According to a Finance Ministry summary, it has recommended that Section 65C of the Income Tax Ordinance (ITO) permits incentives for listing by entities via tax credits and this can be further augmented to urge new listings
PSX sheds 342 points amid lacklustre trading
KARACHI: Breaking the momentum of the previous two sessions, the Pakistan Stock Exchange (PSX) turned red on Wednesday, as indices dripped and...
Index gains 201 points amid improved market sentiment
KARACHI: Positive sentiments surrounded the Pakistan Stock Exchange (PSX) for the second consecutive session on Tuesday, as indices traded in green all day long....