Oil prices rise on reported fall in US inventories

SINGAPORE: Oil prices rose on Thursday on a reported decline in U.S. crude inventories, and as rebels in Nigeria threatened to attack...

Bitcoin slam dunks 20 percent, on fear of global crackdown

LONDON: Bitcoin fell as much as 20 percent on Wednesday, piercing below $10,000, while other cryptocurrencies took similar spills due to investor...

Asian shares surge, following rally on Wall Street

TOKYO: Shares were broadly higher in Asia on Thursday after a rally on Wall Street that took the Dow Jones industrial average...

Customs seeks FBR approval for clearance of 6,000 imported vehicles

KARACHI: Pakistan Customs is seeking Federal Board of Revenue’s approval for clearance of 6,000 used and new vehicles which were imported without...

Government working on multipronged strategy to reform tax structure: PM

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi while speaking at the Pakistan Economic Forum in Islamabad on Wednesday said that the government is working...

Revised real estate valuation rates to boost revenue collection: FBR

ISLAMABAD: According to the Federal Board of Revenue (FBR), the recent adjustment of real estate valuation rates in selected areas of some major...

Telenor stops deducting withholding tax in Gilgit-Baltistan

ISLAMABAD: Telecommunication company Telenor has informed its subscribers through SMS that the deduction of withholding tax in Gilgit-Baltistan will be stopped from January...

Market Daily: KSE gains 561.98pts touching 43,000

LAHORE: The Pakistan Stock Exchange (PSX) recovered its recent losses in a sharp upward move as political temperature calmed down. The market...

Market Daily: PIA takes off amid crashing indices

KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE 100 index shed 586.23 points as the rally started in December seems to have come...

Cherat Packaging’s flexible packaging project to come online by July 2018

LAHORE: A bourse notification filed by Cherat Packaging Limited Monday revealed its flexible packaging project will come online by mid-half of 2018. In...

South Korea still hasn’t finalized plans to ban cryptocurrency trading

SEOUL: South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies...

Pace Pakistan files for restoration of share trading on PSX

LAHORE: A bourse notification filed Monday from Pace Pakistan Ltd has sought ceasing of order issued by Pakistan Stock Exchange (PSX) on...

Asian shares soar to record highs

SYDNEY: Asian shares hit historic highs on Monday after Wall Street extended its record-breaking run, while the U.S. dollar retreat continued as...

Oil prices hold firm, tad below December 2014 highs

SINGAPORE: Oil prices held just below December 2014 highs on Monday, supported by ongoing output cuts led by OPEC and Russia despite...

Matco Foods set to become 1st listed company of 2018 on PSX

KARACHI: Matco Foods Limited, one of the country’s leading basmati rice exporters, is later this month planning to raise Rs758 million from...