SECP gives its nod to new capital market, insurance and corporate regulations
ISLAMABAD: The SecuÂriÂties and Exchange ComÂmisÂsion Pakistan (SECP) has passed regulations concerning capital market, insurance, and corporate governance and approved the proposed...
Market Daily: Bulls lose ground as KSE-100 sheds 28.27 points
LAHORE:Â It was another roller-coaster ride for investors of the Pakistan Stock Exchange (PSX) as indices traded within a narrow range. The range...
Exchange companies exploit general public with Eid up ahead
During the outgoing week, currency dealers have been earning Rs7 to Rs9 per dollar by buying US currency as low as Rs114-117 per dollar and selling the same at Rs122-123.
China will not accept US trade ‘blackmail’: state media
BEIJING/SINGAPORE: China’s state media said on Saturday the government’s retaliatory tariffs on $60 billion of US goods showed rational restraint and they...
Race tightens for second place after Apple’s $1 trillion valuation
Amazon is now the second-largest publicly-listed U.S. company, with a market capitalization of $889 billion, followed closely by Alphabet and Microsoft, at $856 billion and $830 billion respectively
Dollar steady after jobs data miss; Fed rate hike hopes intact
The dollar index which measures the greenback against a basket of six other major currencies, was about flat on the day at 95.148, after dipping as low as 94.98. The index was up 0.5 percent for the week
Fall in furnace oil demand, decrease in subsidies dented revenue collection in FY18: FBR
The report highlighted it made excessive refund adjustments during FY18, as the banking sector’s declining profits and fall in withholding tax on telecom sector were the primary reasons for the decline in revenue collection
FBR to dispatch tax notices to 600-700 people owning properties in UK
The identified individuals are said to be receiving rental income from owning expensive properties in the UK and failed to declare these assets under the tax amnesty scheme that lapsed on 31st July 2018
Toyota records best quarterly profit in 2.5 years on higher Asia sales
Global retail vehicle sales rose 1 percent to 2.6 million units in the quarter, boosted by an 8.5 percent lift in Asia
Dollar stays firm on U.S.-China trade war worries
The dollar index, which measures the greenback against a basket of six other currencies, hit a fresh two-week high of 95.211
Oil edges lower as supply concerns return
Brent crude futures were down 17 cents, or 0.2 percent at $73.28 a barrel by 0232 GMT, after rising 1.5 percent on Thursday.
Apple CEO calls $1 trillion value a ‘milestone’ but not a focus
With a closing price of $207.39 on Thursday, Apple became the first publicly listed U.S. company to ever reach $1 trillion in market capitalization.
Pakistani nationals residing in UAE topped in availing foreign tax amnesty scheme
According to Chairperson Federal Board of Revenue (FBR), Rukhsana Yasmeen there were total declarations of 82,848 people of which 5353 were availed under foreign tax amnesty and 77,845 availed domestic amnesty
Apple hits $1 trillion stock market valuation
SAN FRANCISCO: Apple became the first $1 trillion publicly listed US company Thursday, crowning a decade-long rise fueled by the ubiquitous iPhone...
Country’s dollar reserves jump by $1.339b to $17.079b
KARACHI: The dollar reserves of the State Bank of Pakistan (SBP) jumped by $1.339 billion during the last week and stood at...