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
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