Dollar appreciates for first time against rupee in Ramazan
The differential between the kerb and inter-bank market rates has touched around Rs4 per dollar as inter-bank prices were around Rs115.60-115.70 on Thursday.
FBR collected Rs3.274 trillion in taxes during July-May FY18
During the five-year tenure of PML-N, the revenue collection almost doubled from Rs1.946 trillion when it took power in June 2013
Govt approves removal of Neelum-Jhelum surcharge from COD date
The outgoing government gave go-ahead to exemption from income tax on profits and gains of prevailing businesses carried out by people in Fata and Pata for next five years
Tax revenues rose 106 percent during PML-N’s five-year tenure
Corporate tax rates decreased from 35 percent to 30 percent in last five years and it is slated to fall further to 25 percent by the tax year 2023
Creditors seek legal advice on options against Abraaj
The Wall Street Journal reported on Wednesday that Kuwait’s Public Institution for Social Security on May 22 filed a case in a Cayman Islands court against Abraaj, claiming the company is unable to repay a $100 million loan and $7 million interest by the agreed date
Market Daily: KSE 100 drops as political temperatures set to rise
LAHORE: The Pakistan Stock Exchange (PSX) ended a range bound session in the red. With just one more day left for the...
Deutsche Bank looking to sell stake in Abraaj, sources
DUBAI: Deutsche Bank is looking to sell its small stake in Dubai-based Abraaj, the embattled private equity firm involved in a row...
Two senior executives depart from Abraaj: Report
Previously, Bloomberg reported last week KPMG was said to be undertaking an internal review into its audits of the world’s largest emerging private equity house
Apple to use OLED screens in all iPhone models from 2019
Japan Display's stock was down 10 percent at the end of Tuesday’s morning session, giving it a market value of about 105 billion yen ($965 million)
Asian shares fall following turbulent sessions in US and Europe
Japan’s Nikkei 225 stock index dropped 1.5 percent to 22,013.86. South Korea’s Kospi dropped 1.8 percent to 2,412.06.
Oil prices fall amid worries Saudi Arabia, Russia could up supply
Brent crude was down 45 cent, or 0.6 percent, at $74.94 a barrel at 0325 GMT, after settling up 9 cents on Tuesday
FBR to engage services of foreign experts for tax audit
The commissioner has also been authorized to constitute a body of auditors for carrying out a specialized audit, including a forensic audit
Greenback closes Rs118.70 in kerb after touching Rs119
KARACHI: After Moody’s prediction of further devaluation of the Pak Rupee to Rs125 against a dollar in the current fiscal year, the...
Market Daily: Indices make a comeback, gain 484 points
Foreign investors were net buyers, at last, and the market posted return of 1.15 per cent or 484 points in a single day, closing at 42,623 index level.
Noor Financial divests another 0.28 percent share in Meezan Bank to foreign buyers
Meezan is Pakistan’s biggest Islamic bank with a retail banking network of more than 600 branches in more than 150 cities of the country.