Exports surge by 25 percent: PBS

ISLAMABAD: The exports of the country increased by 25 percent in July 2020 as compared with the previous month owing to enhance in economic activities after ease in lockdown, according to data... Read more »

Meezan Bank launches electronic e-subscription to IPO

KARACHI: Meezan Bank has successfully launched electronic subscription to IPOs (Initial Public Offerings) for its corporate customers via CDC’s (Central Depository Company) newly launched Master TREC Module in Centralized eIPO System (CES).... Read more »

Stock market gains 305 points amid improved activities in cement sector

KARACHI: The stock market gained 305 points on Wednesday amid activities seen in cement scrips following reports of increase in prices. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at... Read more »

Rupee weakens by 59 paisas against dollar

KARACHI: The Pak Rupee weakened by 59 paisas against dollar for third consecutive day on Wednesday owing to higher demand for import and corporate payments. The rupee ended Rs168.23 to the dollar... Read more »

Business confidence falls on COVID: OICCI survey

KARACHI: Business confidence survey conducted throughout Pakistan during May – June 2020, were largely influenced by the COVID-19 pandemic which has negatively impacted nearly all the businesses, Overseas Investors’ Chamber of Commerce... Read more »

FBR updates withholding tax rates on payment to non-residents

ISLAMABAD: Federal Board of Revenue (FBR) has updated withholding tax rates on payment made to non-residents for tax year 2021 under Section 152 of Income Tax Ordinance, 2001. The FBR updated withholding... Read more »