Britain to target online giants with new ‘digital services tax’
Britain said it would tax the revenue that online platforms such as Google, Facebook and Amazon make in the country to update...
Asad Umar defends move to approach friendly countries, IMF for financial assistance
Mr Umar rebuffed the impression that the government’s vacillation on the IMF programme had spawned the stock market crash and told the house that the KSE-100 benchmark index had nosedived by 15,000 points even when the previous PML-N administration was in power
Asian stocks rally as weaker yuan eases fear of more tariffs
Japan’s Nikkei 225 index jumped 1.4 percent to 21,434.38 after official data showed that its unemployment rate eased to 2.3 percent in September, from 2.4 percent a month earlier
Dollar holds firms, yuan at 10-year low on fresh Sino-U.S. trade anxiety
The dollar index, a gauge of the currency’s strength against six major peers, traded at 96.66, up 0.1 percent on Tuesday
Turkish arm of Abraaj looking to sever ties & become independent: Report
Canadian asset management group, Brookfield is said to be in negotiations with the Turkish entity of Abraaj to acquire it, according to people aware of the talks
High oil prices hurt consumers, dent fuel demand: IEA chief
Major emerging Asian economies such as India and Indonesia have been hit hard this year by rising crude oil prices, which despite falls this month are up by around 15 percent since the start of 2018
FBR deprives hundreds of overseas Pakistanis from availing tax amnesty scheme
A circular issued by the FBR on October 24th effectively deprives those overseas Pakistani's from availing the benefits of the tax amnesty scheme who had declared their foreign assets worth Rs155 billion
Government after gap of 1.5 years reinstates DGII powers to probe tax dodgers
In a judgement of the Lahore High Court (LHC) in July 2017, the statutory regulatory order (SRO) 116, which permitted the DGII to carry out an investigation into sales tax evasion was declared unlawful
HBL reinventing itself under new president
The HBL CEO aims to transform it into an IT company with a banking license
PSX surges on higher volumes, index gains 897 points
PSX registers an accumulative gain of 3,739 points in four trading sessions
KARACHI:Â Trading resumed at the Pakistan Stock Exchange (PSX) on an...
Trump’s Iran sanctions resolve faces test from oil-thirsty China, India
With just days to go before renewed sanctions take effect Nov. 5, the reality is setting in: three of Iran’s top five customers – India, China, and Turkey - are resisting Washington’s call to end purchases outright
PSO profits decline 19% to Rs4,181m in 1st quarter FY19
PSO posted a gross profit of Rs10.91 billion in the first quarter of FY19, gross margins were recorded at 3.89% in the first quarter of FY19 against 3.55% in prior year
KSE-100 index surges 836 points during intra-day trading
LAHORE: The Pakistan Stock Exchange (PSX) continued its bull run as the benchmark KSE-100 index surged 836.12 points to 41,392.57 points on...
Oil dips as markets remain cautious on trade concerns
Front-month Brent crude oil futures were at $77.56 a barrel at 0430 GMT, 6 cents below their last close
Customs court directs recovery of Rs63m in evaded taxes
According to sources in the Customs, these three importers were regularly erroneously declaring the description of toys in the past to avoid payment of actual taxes on their imports