Proposed real estate reforms could spark corrections in property prices: Report
The government's recently introduced measures for the real-estate sector could see properties getting registered at their true market value, but challenges remain
Govt holds-up in notifying anti-money laundering powers
The delays in notifying anti-money laundering powers could jeopardize Pakistan's efforts to elude inclusion from the FATF greylist
‘First right to purchase’ property unlikely to find takers
ISLAMABAD: Prime Minister Shahid Khaqan Abbasi’s pet scheme to acquire the ‘first right to buy’ a property in a bid to discourage tax...
Market Daily: KSE 100 closes down 209.72 points at 44,536.91
LAHORE: Given the risks presented by Pakistani elections coinciding with an increasingly dicey economic backdrop, market chatter is tilting in favor of...
Public-private partnership critical for bilateral growth with China
ISLAMABAD: Senate Deputy Chairman Senator Saleem Mandviwalla has said that Chinese investors should benefit from the investment potential in Pakistan and explore the...
Senate panel approves questioning income sources of frequent travellers while refusing increase in sales tax
During a meeting of the committee which was chaired by Farooq H Naek, the committee approved seeking details about the frequent travellers (passengers) and staff of airlines. The committee also approved seeking additional details from a conveyance that is en-route to Pakistan for the provision of accurate and complete information of passengers in advance to thwart attempts of money laundering and currency smuggling.
Market Daily: Indices continue to bleed, shed 640.19 points intraday
The KSE 100 index had a huge fall, chopping off 640.19 points to fall to intraday low of 44,556.18. it settled with a loss of 1.01 per cent or 449.74 points at 44,746.63.
SECP re-elected to the IOSCO Board
The Securities and Exchange Commission of Pakistan (SECP) has been elected to the International Organization of Securities Commissions (IOSCO) Board for the fourth time for the 2018-2020 term.
Smartphone maker Xiaomi submits documents for Hong Kong IPO
Beijing-based Xiaomi is the world’s fourth-biggest smartphone maker by shipment volume, according to International Data Corp
Super-tax will continue being a drag on bank’s profits: Moody’s
Moody's says the extension of super-tax for banks is a credit negative move
Oil prices dip, as US crude inventories soar
U.S. oil production also hit a fresh record of 10.62 million barrels per day (bpd), a jump of more than a quarter since mid-2016
Asian shares slip, as hopes wane in progress of China-US trade talks
MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.5 percent, while South Korean stocks eased 0.4 percent
Super-tax may erode 7 percent of bank earnings in 2018: Report
HBL and UBL could be severely impacted due to the recent upsurge in loan losses on their foreign books and lower coverage, said Taurus Securities
Siemens boosts manufacturing in Pakistan with new line for power technology
KARACHI: Siemens has strengthened local manufacturing in Pakistan with a new production line for the company’s latest technology in air-insulated switchgear, the...
Market Daily: Post Budget bearish trend continues
The benchmark index lost 292 points during Wednesday’s session, closing at 45,197 index level. This led to a sharp decline of 47 per cent in traded volumes during the trading session. Similarly, trading value also fell by 40 per cent.