Bulls rally to end dry spell at PSX, index gains 983 points
KARACHI:Â The Pakistan Stock Exchange (PSX) emerged green on Wednesday with investors brushing aside negative sentiments and accumulating blue chips at discount. Bulls...
Rupee continues to depreciate against dollar
KARACHI:Â In what is yet another blow to the rupee, the greenback rose by Rs0.7 in the open market to be sold at...
People of Gilgit encouraged to invest in stocks
KARACHI:Â In order to raise awareness about stock investments, the Pakistan Stock Exchange (PSX) conducted a public awareness session in Gilgit on Tuesday.
Gilgit-Baltistan...
Index closes 104 points lower despite early gains
Indices that opened green sunk by midday amid volatility
KARACHI:Â The Pakistan Stock Exchange (PSX) started the day on a positive note but...
GNL working with Nissan Motor Japan for localization of parts
Ghandhara Nissan said NML teams had paid a visit to domestic suppliers for determining their quality and capacity, however, the majority of them didn’t qualify as per the global standards set by NMI
Dollar edges back up, yen slips from recent one-month high
The dollar index, a gauge of its value against six major peers, traded steady at 95.143, gaining 0.09 percent on Tuesday, but off an intraday high of 95.37 on Monday prior to release of the retail sales data
Global steel body hikes demand forecasts, but says risks remain
Steel use in China is expected to rise 6 percent this year to 781 million tonnes and be flat in 2019
Oil prices rise on signs Iranian oil exports are falling further in Oct
International benchmark Brent crude for December delivery rose 27 cents, or 0.33 percent, to $81.05 per barrel by 0325 GMT
Fatima Fertilizer set to complete merger of subsidiary by January 2019
According to Fatima Fertilizer, the proposed transaction will maximize the benefits of synergies and cost efficiencies to the shareholders of the company
Rs182 billion additional tax set to be levied
Additional customs duty on approximately 6,000 items is expected to be raised from 2% to 3% via the tax regulators recommended SRO, which will raise an additional revenue of over Rs50 billion for the FBR, sources said
FBR sends notices to 340 potential tax evaders
A big percentage of the identified high net worth individuals belong to areas that don’t fall under the purview of the federal government’s tax jurisdictions
Asad Umar assures brokers their proposals will be given due consideration
The brokers requested the government to scrap 0.01 percent of advance tax on the purchase of shares in consideration of the commission earned by its member
PSX slides 750 points amid lack of confidence
KARACHI:Â The colour red dominated the Pakistan Stock Exchange (PSX) on Monday, as indices remained volatile and recorded their fresh 52-week lows.
Although the...
Iranian crude exports fall further as Trump’s sanctions loom
The Islamic Republic has exported 1.33 million barrels per day so far in October to India, China, Turkey and the Middle East
Indian stock market falls on weaker rupee, higher crude
The broader NSE Nifty was down 0.49 percent at 10,421.45 as of 0547 GMT, while the benchmark BSE Sensex was trading 0.40 percent lower at 34,594.28