Asia puts brave face on Trump threat, oil subdued
MSCI’s broadest index of Asia-Pacific shares outside Japan dithered either side of flat and was last up 0.2 percent
Government gives go-ahead to proposals for tax policy revamp
The EAC subgroup put forward the suggestion of having an integrated tax system at the federal and provincial levels
FBR to employ experts to rein in tax evasion
The hiring of these individuals by FBR would be made under the World Bank-funded program, ‘strengthening tax system and building tax policy’.
ExxonMobil set for comeback in Pakistan after nearly three decades: Report
Mr Sayyed in a letter sent to the BoI stated ExxonMobil has been assessing its re-entrance into Pakistan since quite a while and has been assiduously hunting energy-related opportunities for past few years
Emerging market maverick Abraaj gets a lifeline
The past 12 months weren’t great for emerging markets—but it’s been far worse for Dubai-based private equity firm Abraaj Group and its...
Import of gold down by 12.8pc in four months
ISLAMABAD:Â The import of gold in the country during the first four months (July-October) of the current fiscal year witnessed a decrease of...
Dull trading at PSX as investors await economic clarity
Index traded in a narrow band, closing 97 points lower
KARACHI:Â In the absence of a clear path for the future, trading at...
Oil price slump is part of broader Asian pullback
But bulging debt across many Asian economies, tightening U.S. fiscal policy and the Sino-U.S. trade war have driven investors to vote with their feet, pulling their money out of assets such as oil or Asian stocks and instead turning to safe-havens like the U.S. dollar
With eye on local debt, China vows to bolster watch over ‘specialty towns’
The state planner, in a meeting on Friday, urged various ministries involved - including the land ministry and the housing ministry - to improve the quality of specialty town projects
Nissan says CEO did not mention need to review alliance equity structure
TOKYO: Nissan Motor Co said Chief Executive Officer Hiroto Saikawa did not mention a need to review the automaker’s equity partnership with...
Dollar steady in safe-haven trade, sterling gains slightly on Brexit deal news
The greenback and the yen, both considered safe-haven currencies advanced as traders fear that last week’s capitulation in oil prices suggests that the global economic recovery is losing steam
Oil prices stabilize after ‘Black Friday’ plunge
Front-month Brent crude oil futures were at $59.23 per barrel at 0202 GMT, up 43 cents, or 0.7 percent, from their last close
‘Revised bill provides chance to tax payers for enhancement in taxable income’
About sales tax refund cases, Mr Tariq said that refund cases up to Rs100,000 would be paid at the RTO level while refund with huge amount would be released subject to the decision by the government
Provincial share of taxes in total revenues declines to 11% in July-Sep FY19
Notably, Sindh was an exception compared to the other three provinces which posted a growth of 10.8% in provincial taxes during the 1st quarter of FY19
Asian shares tick up but oil rout dampens sentiment
MSCI’s broadest index of Asia-Pacific shares outside Japan edged up 0.4 percent, led by gains in Taiwan shares following local elections, while Japan’s Nikkei advanced 0.6 percent