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
KSE-100 index nosedives 1236.69 points
The KSE-100 index fell by 9% in last two weeks, the worst performance in three-and-a-half years, where the market reached its 27-month-low, wiping the index by another 4% and lost Rs361 billion in the shape of market capitalization
Gold rises as falling markets burnish appeal
Spot gold was up 0.4 percent at $1,222.0 an ounce at 0417 GMT, and not far off last week’s two-month high of $1,226.70
Asian stocks slip on continuing global trade worries
Japan’s benchmark Nikkei 225 dipped 1.2 percent to 22,426.32, while Australia’s S&P/ASX 200 slipped nearly 1.1 percent in early trading to 5,832.00. South Korea’s Kospi inched down 0.2 percent to 2,156.56
Rupee plunges by Rs1.31 against dollar in inter-bank market
On Friday, the rupee had regained a further Rs1.87 or 1.4% against the dollar in inter-bank trading to close at Rs131.9318
Dollar firmer as fresh Brexit worries weigh on sterling, euro
The dollar index, a gauge of its value against six major peers, was up 0.1 percent at 95.31
FBR unearths 16,000 tax evaders with investments in realty sector
In the last two years, over 80,000 transactions worth around Rs800 billion (according to deputy commissioner rates) were recognized however the market value of these transactions is probably going to be much higher than the aforementioned figure
Oil prices rise amid Saudi tensions, but demand outlook drags
Brent crude had risen 98 cents, or 1.22 percent, to 81.41 a barrel by 0124 GMT, on track for its biggest daily gain since Oct. 9
Saudi stocks dive 7pc, wiping out 2018 gains
The oil-rich kingdom comes under increasing int’l pressure over the disappearance of journalist
AGENCIES:Â Saudi stocks dived 7 per cent in early trading on...
PSX under heavy selling pressure for second consecutive week
'Index falls by 9pc in two weeks, the worst performance in three-and-a-half years'
KARACHI:Â The Pakistan Stock Exchange (PSX) came under heavy selling pressure...
PSX closes week in red, loses 880 points amid uncertainty
KARACHI:Â Trading at the Pakistan Stock Exchange (PSX) suspended on Friday with index bleeding red. Sell-off continued with indices recording their fresh 52-...