Pakistan starts receiving Saudi crude oil on deferred payment

KARACHI: Pakistan has started receiving crude oil on deferred payment from Saudi Arabia. In this regard two ships carrying 116,276 metric ton crude oil arrived at Karachi port on Saturday. Sources said that ships namely M T Quetta and MT Lahore reached Karachi port carrying the Saudi crude oil. MT Lahore is carrying 58,158 metric […]

by Mrs. Anjum Shahnawaz

Jul 20

Stock & Commodity

Weekly Review: Imran-Trump meeting to send positive signals to investors

KARACHI: The scheduled visit of Prime Minister Imran Khan to meet US President Donald Trump next week will send positive signals to investors of share market. Analysts at Arif Habib Limited said that the PM is expected to meet President Trump next week for a reset in bilateral ties which is likely to play a […]

by Mrs. Anjum Shahnawaz

Textile exports decline by 15pc in June on budgetary measures

Jul 20

Finance

Textile exports decline by 15pc in June on budgetary measures

KARACHI: Pakistan’s textile exports fell by 15 percent in June 2019 to $1.01 billion as compared with $1.19 billion in the same month of the last year, according to export data released by Pakistan Bureau of Statistics (PBS) on Friday. The exports of June 2019 has also exhibited 14.55 percent decline when compared with $1.18 […]

by Mrs. Anjum Shahnawaz

No compromise on documentation of economy: FBR chairman

Jul 20

Taxation

No compromise on documentation of economy: FBR chairman

ISLAMABAD: Shabbar Zaidi, Chairman, Federal Board of Revenue (FBR) on Friday said that the government will not compromise documentation of economy by surrendering condition of CNIC on purchases. He said that the condition of CNIC had been enforced on purchases above Rs50,000. Speaking at a seminar organized by Sustainable Development Policy Initiative (SDPI) on Wednesday, […]

by Mrs. Anjum Shahnawaz

Stock market recovers 149 points on improved investors sentiments

Jul 20

Stock & Commodity

Stock market recovers 149 points on improved investors sentiments

KARACHI: The stock market recovered 149 points on Friday amid buying on improved investors sentiments. The benchmark KSE-100 index closed at 32,459 points as against 32,310 points, showing an increase of 149 points. Analysts at Arif Habib Limited said that the index oscillated around 650 during the session with +240 points and -408 points. First […]

by Mrs. Anjum Shahnawaz