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...
Market Daily: PSX wraps up with sluggish display, ending in green
LAHORE: The Pakistan Stock Exchange (PSX) put up a confused show on Wednesday. Indices swayed in both directions but managed to close...
Pakistan dismisses US concerns about IMF bailout
ISLAMABAD: Pakistan on Wednesday dismissed US concerns for 'a new International Monetary Fund (IMF) bailout for the South Asian nation are to...
Market Daily: KSE-100 down 844 points
LAHORE: The Pakistan Stock Exchange (PSX) witnessed a turbulent session on Tuesday after four days in the green. An international media agency...
Standard Chartered sees ‘minimal’ hit from U.S.-China spat as profits rise
Standard Chartered Plc, which gets most of its earnings from Asia, saw its retail banking income rise 9 percent on strong performances in Greater China and North Asia.