Dar directs FBR to issue Rs13bn sales tax refund to exporters
ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar directed Federal Board of Revenue (FBR) to issue sales tax refunds by October 31, 2017,...
ICST blames complicated tax regime for discouraged investment, compliance
ISLAMABAD: Islamabad Chamber of Small Traders on Thursday said that the complicated tax system is not only discouraging investment but it is also...
Oil prices slightly down as US oil exports rose last week
TOKYO: Oil prices inched lower on Thursday, pressured by an unexpected increase in U.S. crude inventories and as oil output and exports...
Asian shares fall, ECB meeting results awaited
TOKYO: Asian shares were drifting Thursday as Wall Street’s retreat from recent record highs and a widely awaited European Central Bank meeting...
MCB announces demerger of 90 branches, amalgamation into MIB
LAHORE: In a notification sent to the bourse on Wednesday, Muslim Commercial Bank (MCB) announced the demerger of ninety of its branches...
Oil prices near four-week highs, as Saudi Arabia seeks to end supply glut
TOKYO: Oil prices were largely steady on Wednesday, hovering near a four-week high hit a day earlier after top exporter Saudi Arabia...
Asian stock markets inch up as corporate earnings reports loom
TOKYO: Asian shares edged higher on Wednesday with scant leads from news headlines to move the markets. Investors are eyeing upcoming corporate...
NAB directed to investigate how $8b were invested in Dubai’s real estate
ISLAMABAD: National Accountability Bureau’s help has been sought by National Assembly’s Standing Committee on Finance sub-committee to investigate and fetch information about...
Foreign investors have bought $54m of Pakistani stocks since September
LAHORE: Pakistan Stock Exchange (PSX) is again beginning to look as an attractive and cheap destination for foreign funds, as $54m Pakistani...
Gaslight at the end of PSX tunnel
The week ending on October 14 had been precarious for the PSX and investors as political tensions gave the market a good...
US stocks cap week on positive note
NEW YORK: Wall Street capped a week with no shortage of milestones with a few more Friday.
U.S. stocks closed modestly higher, lifting...
Bitcoin surges past $6,000 barrier to settle at $5,964.24
NEW YORK: Bitcoin surged to a record high of more than $6,000 on Friday, pushing its market capitalization to $100 billion at...
European stock markets, dollar rises in wake of US tax reforms
SINGAPORE:European stocks, the dollar and bond yields climbed on Friday as investors speculated on the return of the “Trumpflation trade”, after the...
Post-penalty HBL reports hefty loss of Rs14.122 billion for July-September quarter 2017
KARACHI: In a notification sent to the bourse on Friday, Habib Bank Limited announced its quarterly earnings for July-September of financial year...
Oil prices inch upwards due to signs of tightening supplies
SINGAPORE: Oil prices edged up on Friday, supported by signs of tightening supply and demand fundamentals, although a warning about excessive China...