Oil prices push up on Iran sanction worries
SINGAPORE: Oil prices rose on Thursday, supported by an expectation that the United States will re-impose sanctions against Iran, a decline in...
Destiny of super-tax, tax on bonus shares hangs in the balance
ISLAMABAD: As the budget announcement looms on Friday, the authorities are deliberating regarding the destiny of key revenue measures.
A report published in...
Rupee depreciates to all-time low of Rs119.50 against US dollar in kerb market
Representative bodies of the currency exchange companies decided to fix the dollar rate at Rs118.40 for buying and Rs118.70 for selling. Central bank to be responsible for deciding about the supply of dollars.
FBR contemplates abolishing incentive on overseas loans
KARACHI: The tax regulator is contemplating to abolish an incentive given to banks on advances through their foreign branches.
According to sources in...
PSO signs agreement with Port Qasim Authority to meet fuel requirements
KARACHI: Pakistan State Oil (PSO) has further strengthened its business relationship with the Port Qasim Authority (PQA) with the signing of a...
Asian shares dip, following sell-off on Wall Street
TOKYO: Asian shares dipped Wednesday, mirroring a sell-off on Wall Street on worries over slowing growth and falling profits.
KEEPING SCORE: Japan’s benchmark...
Oil prices stable, but remain below three-year highs
SINGAPORE: Oil prices were stable on Wednesday but were below the more than three-year highs reached the previous session as rising U.S....
Fauji Fertilizer gets approval to invest $121 million in Thar Energy Limited
LAHORE: Fauji Fertilizer Company (FFC) Limited board has given go-ahead for an investment of $121 million in Thar Energy Limited (TEL).
In a...
Cigarettes prices could rise, as govt mulls raising taxes
ISLAMABAD: The government is contemplating to increase the tax on cigarettes in the upcoming budget for the financial year 2018-19 set to...
Market Daily: KSE 100 gains 504.74pts, settles at 45876.7
LAHORE: Market watchers in Tuesday’s session disregarded the decision of the National Assembly Standing Committee on Finance to unanimously reject two bills...
Ghandhara Nissan to raise Rs1.2 billion from right shares to revive existing assembly plant
LAHORE: Ghandhara Nissan will raise Rs1.2 billion from a right shares issue to partially finance the revival of its existing assembly plant...
One in five financial institutions consider cryptocurrency trading, survey says
LONDON: One in five financial institutions is considering trading cryptocurrencies within the next 12 months, a survey published by an international news agency...
Pakistan unlikely to suffer from US-China trade war in short term: experts
ISLAMABAD: Trade experts have said Pakistan’s economy is the least integrated in the global value chain and, hence, will not suffer significantly...
Zero-rated tariff on capital goods urged: FPCCI
ISLAMABAD: FPCCI Budget Advisory Council Senior Vice President and Chairman Syed Mazhar Ali Nasir in the budgetary proposals prepared under his guidance...
SBP expresses concerns over rising dollar value in open market
KARACHI: The State Bank of Pakistan (SBP) on Monday ruled out any possibility of a further depreciation of the Pak-rupee and expressed...