Swiss bank whistleblower arrested in Spain
MADRID: Spanish police have arrested a former employee of HSBC’s Swiss private bank who was convicted of industrial espionage after leaking clients’...
Govt considering proposal to tax ‘gifts’ among non-family members
LAHORE: A tax to be levied on gifts given to non-family members by taxpayers is under the federal government's consideration, reported a...
Govt decreases borrowing from SBP
LAHORE: Government's borrowing from State Bank of Pakistan (SBP) was lower at the end of the third quarter of the current fiscal...
Market Daily: KSE 100 Index gains 90.27 points
LAHORE: As looming trade war fears continue to plague the sentiment in regional markets, we remain immune and indifferent to global woes...
Tax rates for banks should be reduced in 2018-19: PBA
KARACHI: Pakistan Banks’ Association (PBA) has demanded from the government to delete Section III (4) of the Income Tax Ordinance 2001 and the...
Mega Conglomerate to launch Rs10 bond, expects its value to reach Rs1mn in five years
LAHORE: Mega Conglomerate Private Limited (MCPL) Chairman Habibullah Khan, in an interview with Profit recently, announced his plans to launch a Mega bond.
The...
Spotify shares surge in record-setting direct listing
Shares of Spotify Technology ended up 12.9 per cent on their first day of trade on the New York Stock Exchange (NYSE),...
Cryptocurrency profits in Asia rise as arbitrage boom fizzles
SHANGHAI: When China closed its local cryptocurrency exchanges late last year, an underground ecosystem of bitcoin “mules” and peer-to-peer platforms sprung up...
Exchange rate under pressure, amid rising dollar demand
LAHORE: The rupee further devalued against the dollar on Tuesday, amid rising demand for the greenback and tight interbank regulations by the...
Pak holds 10th Round of Phase II China Pakistan Free Trade Agreement
ISLAMABAD: The 10th Round of Phase II China-Pakistan Free Trade Agreement (CPFTA) was held in Islamabad on 2nd April, 2018.
The session was...
Wall Street, Silicone Valley observe as Spotify goes public
NEW YORK: Spotify Technology's unusual route to becoming a public company is a test case for other multibillion-dollar tech companies that are...
Sindh sales tax collection up 44pc
LAHORE: The collection of sales tax in Sindh was recorded at Rs9.29 billion in March, up 44 per cent compared to Rs6.69...
Rs607 bn released for development projects under PSDP 2017-18
ISLAMABAD: The government has released over Rs607.44 billion under its Public Sector Development Programme (PSDP) 2017-18 for various ongoing and new schemes...
‘Eighteen’ goes international with a grand launch event at Burj Khalifa
DUBAI: With its offices already positioned in Emaar Square, Dubai; Eighteen invited all the overseas Pakistanis along with the local business communities of...
Government lacks legitimacy to announce budget this month: experts
ISLAMABAD: As the government has decided to announce the budget for next financial year 2018-19 by the end of this month, experts...