Dollar keeps to tight ranges as investors brace for U.S. elections
The dollar index, which measures the performance of the greenback against six key rivals, was basically flat at 96.319, moving in a range between 96.315 and 96.334
China says ready for U.S. talks, sees no winners in trade war
Beijing and Washington have imposed tit-for-tat duties on each other’s goods over recent months, with neither side backing down from an increasingly bitter trade dispute that has jolted financial markets and cast a pall over the global economy
Abraaj fund investors hire Duff & Phelps to help recover money: sources
The advisory firm will seek to trace an estimated $33 million owed by Abraaj relating to the Infrastructure and Growth Capital Fund
Oil drops on Iran sanction exemptions, economic concerns
International Brent crude oil futures were down 28 cents, or 0.4 percent, at $72.89 a barrel
Decrease in sales tax on petroleum products may cause Rs60 billion in losses
To shield the end consumer from the full impact of rising oil prices, the government has been reducing sales tax which according to tax authorities estimates a sharp decrease of 46 percent in revenue collection in November 2018
PSX closes 510 points down on selling pressure
KARACHI: It wasn’t the best start to the week for investors at the Pakistan Stock Exchange (PSX), as the market came under selling...
KSE-100 index crashes 906.5 points during intra-day trading
The market had been buoyed through most of last week gaining over 1,400 points in week and first time since April that all five sessions of the week closed in green
Customs Today: the fake news portal used to threaten global shipping companies in Pakistan
A group of toy importers has taken to planting untrue stories on a news website in a bid to blackmail major shipping companies into cooperating with their tax evasion scheme
PSX gains over 1,400 points in week despite protests
First time since April that all five sessions of the week closed in green
KARACHI:Â The Pakistan Stock Exchange (PSX) during the last...
China’s Zhenhua Oil to sign oil deals with Iraq, Saudi at Shanghai expo: Sources
China’s Iraqi crude oil imports rose to 32.28 million tonnes in the first nine months of the year, or 863,000 barrels per day, 15 percent more than the same year-earlier level, according to Chinese customs data
Trump says ‘I think we’ll make a deal with China’ on trade
The United States has imposed tariffs on $250 billion worth of Chinese goods so far, while China has retaliated with $110 billion worth of tariffs on U.S. goods
Oil drops 1% as U.S. allows Iran sanctions waivers
Both contracts have fallen more than 15 percent from the near four-year highs touched in early October on worries the looming Iran sanctions could drain supply from global markets
FBR to brief PM about administrative measures to boost revenue collection
The tax regulator has projected Rs37 billion in tax demand from an audit of high net-worth individuals
WHT collection from non-cash banking transaction plunge 14% in July-Sep FY19
The decline was attributed to measures were taken by the government to encourage the declaration of assets and filing of yearly returns
Govt discerns over 24,000 properties for privatisation to raise proceeds
The cabinet was informed that around 24,066 properties fell in three brackets, rest house, federal government property and residence