KARACHI: Pakistan Stock Exchange Limited (PSX) will remain closed for two days i.e. September 9 – 10, 2019 on account of Ashura 9th and 10th Muharram. A notice issued by the PSX on Wednesday informing all the TRE Certificate Holders, staff and concerned that PSX will remain closed on Monday, September 9, 2019 and Tuesday, […]
ISLAMABAD: The average headline inflation i.e. Consumer Price Index (CPI) was calculated at 9.44 for the months of July and August, 2019 on the basis of revised base year, a statement said on Wednesday. Pakistan Bureau of Statistics (PBS) revised base year for calculating Consumer Price Index (CPI) from 2007-2008 to 2015-2016. The CPI on […]
ISLAMABAD: The Economic Coordination Committee (ECC) on Wednesday approved a simplified tax regime to facilitate the non-resident companies for investment in the local capital market. Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister on Finance said that the ECC had approved a simplified tax regime to facilitate the non-resident companies for investment in the local […]
KARACHI: The stock market gained 435 points on Wednesday owing to lower than anticipated inflation numbers. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 30,244 points as against 29,810 points showing an increase of 435 points. Analysts at Arif Habib Limited said that the release of Consumer Price Index (CPI) data proved […]
KARACHI: The Pak Rupee gained 40 paisas against dollar on Wednesday owing to inflows of export receipts and remittances. The rupee ended Rs156.23 to the dollar from previous day’s closing of Rs156.63 in interbank foreign exchange market. Currency experts said that inflows of workers remittances and export receipts helped the local currency to gain values. […]