FBR and Commerce Ministry at loggerheads over National Tariff Policy
The approval of NTP was included in the hundred-day agenda of advisor to Prime Minister on Commerce, Industry, Textile and Board of Investment (BOI) which was missed
Tax department detects benami account being run by a property dealer
Federal Investigation Agency (FIA) on the instruction of Supreme Court is probing the fake accounts while I&I IR FBR have also detected a fake/benami account run by a big property dealer
Abraaj founder Naqvi pitches last-ditch rescue bid to investors
Naqvi has met limited partners and creditors in an effort to win back their support for a plan to restructure the debt of Abraaj Holdings and some of its older funds to avert liquidation for the Dubai-based firm, two sources said
Unilever CEO Polman to retire, replaced by beauty head Jope
At the helm of Unilever for 10 years, Polman generated big returns for shareholders totalling 290 percent over the period, expanded its presence in emerging markets, and in 2017 fended off a $143 billion takeover approach by Kraft-Heinz
Dollar under pressure after Fed’s Powell says U.S. rates near neutral
The Fed chairman's remarks led to the dollar weakening across the board, especially versus riskier currencies such as the Australian and New Zealand dollars
Microsoft’s stock market value pulls ahead of Apple’s
But Apple has suffered more than other Silicon Valley stalwarts, losing 19 percent since the iPhone maker warned on Nov. 1 that crucial holiday-quarter sales would likely miss Wall Street expectations
Asian stocks gain after Fed chief hits rate rises may slow
The Shanghai Composite Index rose 0.6 percent to 2,605.27 and Tokyo’s Nikkei 225 advanced 0.9 percent to 22,378.46
Oil strengthens ahead of G20 meeting, but supply rise caps gains
International benchmark Brent crude rose 27 cents, or 0.5 percent, to $59.03 a barrel, having dropped 2.4 percent on Wednesday to $58.76 a barrel
Government reluctant to implement key reform on immovable properties
Notwithstanding, it is mandatory under Income tax law to establish the Directorate General of Immovable Property
Military makes income tax return filing mandatory for promotions
The official stated before the decrease in income tax rates, the army solely was paying nearly Rs398 million a month in income tax on salaries translating into a Rs4.8 billion yearly contribution to the national exchequer
Market Daily: Investors choose to ignore Kartarpur as market dips 189.42 points
Investor participation was mixed on Tuesday as traded volumes declined by 6 per cent to 124 million, while the traded value rose by 1 per cent to $49 million.
Next Capital announces client’s intention to acquire 49.90% stake in Johnson and Phillips
Johnson and Phillips have a market capitalization of Rs343.90 million and counts itself amongst the first foreign company to have opened an office in Pakistan after independence in August 1947
Trade tensions pause stocks rally
LONDON:Â World stock markets fought to keep a rebound alive on Tuesday after US President Donald Trump seemed to quash hopes of a...
PSX upticks 122 points amid lacklustre trading
KARACHI:Â The Pakistan Stock Exchange (PSX) on Tuesday witnessed another dull session where volumes remained flat while indices, after trading in red for...
Safe haven dollar firmer as Trump’s trade comments weigh on sentiment
The dollar index, which measures its value against six major peers, held steady at 97.01, trading near its highest level since Nov. 15