Power consumers data to be scrutinized for widening tax base
ISLAMABAD: To broaden the tax net, Ministry of Finance requested distribution companies (Discos) to share data of power consumers for determining people...
Oil prices tumble 1 percent, as global financial markets turbulent after rout
SINGAPORE: Oil prices dropped by more than 1 percent on Tuesday, extending falls from the previous session as global financial markets tumbled...
KSE-100 index falls 800 points, recoups losses to 437.80 points during intra-day trading
LAHORE: Followed by record losses on Wall Street Monday, KSE-100 index crashed 803 points within the first fifteen minutes of trading on...
Asian markets under pressure after Wall St sell-off, tech companies down globally
HONG KONG: Asian markets tumbled on Monday after US stocks were pummelled at the end of last week, with traders fretting that...
FBR decries criticism, says tax collection on track
ISLAMABAD: The performance of Federal Board of Revenue, during the first quarter of the current Fiscal Year, has been positive and satisfactory,...
Oil prices dip, as US dollar surges
NEW YORK: Oil prices fell on Friday as the dollar surged following strong U.S. jobs numbers, though compliance with output cuts by...
Banking sector contributions to KSE 100 rise by 8.8pc in January
KARACHI: The banking sector remained the top contributor to the rise of 8.8 per cent in the benchmark index in January, according...
FBR contemplating revision to audit law for managing unresolved tax cases
KARACHI: Federal Board of Revenue is set to suggest changes to an auditing law related to non-filers as it faces capacity restrictions to manage...
In second IPO of 2018, pharmaceutical company AGP set to get listed on PSX
KARACHI: AGP Limited, one of the country’s topmost local pharmaceutical companies is gunning for an initial public offering (IPO), an official of...
Rs 10bn worth benefits given to Chinese firm through tax exemption
ISLAMABAD: Senate’ Standing Committee on Finance, Revenue, Economic Affairs and Narcotics Control informed that around Rs 10 billion worth benefits were given to...
Mega Conglomerate to acquire 15.8 percent stake of Dawood Hercules in Hubco
LAHORE: In another big acquisition news, Mega Conglomerate (Pvt) Ltd is set to acquire 15.8 percent stake that Dawood Hercules Corporation Limited...
Global insurers start offering services against cryptocurrency theft
NEW YORK: Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than...
Fire breaks out at Colgate Palmolive’s Kotri factory
LAHORE: A bourse notification filed Thursday by Colgate Palmolive (Pakistan) Ltd revealed a fire broke out at its Kotri factory, which damaged...
Asian stocks register modest gains
TOKYO: Asian shares eked out modest gains on Thursday, clawing back sharp losses from earlier this week, however, rising U.S. bond yields...
Oil prices remain steady, after OPEC’s strict compliance with supply reduction pact
TOKYO: U.S. oil prices extended modest gains on Thursday as OPEC’s strong compliance with a supply reduction pact offset news that U.S....