FTO received highest number of tax complaints from Karachi
ISLAMABAD: Out of total 1826 tax-related complaints registered with Federal Tax Ombudsman (FTO), the largest number complaints totaling 553, were filed from...
Profit margins for oil refiners in Asia dip, as oil prices touch $70 per barrel
SINGAPORE: Oil prices have risen above $70 per barrel for the first time since 2014 as investors bet supply cuts led by...
Asian stock markets rise, on back of latest Wall Street record rally
HONG KONG: Most Asian stocks markets are higher after Wall Street’s latest record close. Japan’s Nikkei 225 recovered from early losses to...
FBR notifies decrease in property valuation rates of up to 57 percent
ISLAMABAD: Property rates in six cities will plunge 57 percent after the Federal Board of Revenue’s (FBR) decision on Thursday to reverse...
MoneyGram’s shares rise 10.5 percent, forms partnership with Bitcoin rival
TEXAS: Shares of MoneyGram International Inc jumped 10.5 percent on Thursday, after the money-transfer company said it partnered with blockchain firm and...
Govt paid Rs20.241 million sales tax refund to textile sector during FY 2017-18
ISLAMABAD: The government has paid Rs 20,241 million sales tax refund to textile sector during current financial year in order to facilitate...
International crude oil prices hit 3-year high
LAHORE: Oil prices hit a fresh 3-year high on Thursday ahead of a United States’ (US) decision on whether to extend temporary...
Richard Morin joins PSX as CEO
KARACHI: Richard Morin has joined Pakistan Stock Exchange Limited (PSX) as CEO from January 11, 2018, after following the due process prescribed...
Market Daily: KSE 100 sheds 235pts amid profit taking
LAHORE: Pakistan Stock Exchange’s (PSX) northbound journey started last year in December but halted for some profit taking, to close 235 points...
Market Daily: KSE 100 leaps another 816 points
LAHORE: It seems as if there is no stopping the indices at the Pakistan Stock Exchange (PSX) as days have turned for...
China pondering allowing companies involved in OBOR to list in Hong Kong
BEIJING: The Chinese government is considering a plan to allow companies involved in the Belt and Road initiative to raise money via...
Asian stock markets fall, after Wall Street rally ends
TOKYO: Share prices were mostly lower in Asia on Wednesday as the afterglow from Wall Street’s extended winning streak faded. Chinese shares...
JDW sugar mills profits for FY 2017 tumble 26.13 percent
LAHORE: Jahangir Tareen’s JDW Sugar Mills profits tumbled 26.13 percent for the financial year 2017 ended 30th September 2017.
Gross sales of JDW...
Oil prices spike to highest levels since 2014
SINGAPORE: Oil prices hit their highest levels since 2014 on Wednesday due to ongoing production cuts led by OPEC as well as...
DPCA uncovers tax evasion in import of cancer drug
KARACHI: A case of tax evasion in import of cancer drug named “Tasigna” has been uncovered by Directorate of Post-Clearance Audit (DPCA).
According...