FBR collected Rs23.8 billion from real estate sector in FY18
During FY18, the Federal Board of Revenue (FBR) amassed Rs5.2 billion in taxes on sale and transfer of properties, which was 14 percent higher than FY17
Indian rupee hits record low of 70 to the dollar
MUMBAI: The Indian rupee hit a record low of 70 to the dollar on Tuesday as emerging market currencies are sold off...
New govt tasked with saving economy from major crisis Â
BEIJING: The new Pakistani government has a major agenda of bringing the economy back on track. Imran Khan, whose political party emerged...
Oil edges up on Saudi output cut and Iran sanctions, but slowing economic growth drags
In July, Saudi Arabia told the producer group of the Organization of the Petroleum Exporting Countries (OPEC) that it had curbed production by 200,000 barrels per day (bpd) to 10.288 million bpd
Euro on back foot with lira, emerging market peers seen vulnerable
Investors are nervous the plunge in the lira could prompt capital outflows from other emerging economies that run a hefty current account deficit and rely on foreign capital
PSX re-composes KSE 30 index
LAHORE: The Pakistan Stock Exchange (PSX), through a notification declared that it had re-composed the KSE-30 index for the review period from...
Market Daily: Indices shrink as Independence Day fails to excite investors
LAHORE: The KSE 100 touched intraday high of 42857.58 after gaining 15.40 points soon after the session begun. But failed to hold...
Uphill task for incoming govt as trade deficit worsens
KARACHI: It is a great challenge for the incoming government of Pakistan Tehreek-e-Insaaf (PTI) and its expected Finance Minister Asad Umer to...
Investors to keep track on potential inflows from multilateral institutions
LAHORE:Â Experts believe that investors are going to keep a strict check on the economic development of the country with regards to its...
In second CPEC phase, PCJCCI attempts to attract investment at SEZs
LAHORE:Â The Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) is working towards attracting the Chinese business community to invest in 37 Special...
Market Daily: Â KSE-100 rises 192 points to 42,924
LAHORE: The Pakistan Stock Exchange (PSX) witnessed another confused session as the indices were seen oscillating in both directions and the day...
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...