PSX introduces regulatory fee to cover costs of stock exchange

KARACHI: Pakistan Stock Exchange (PSX) on Tuesday proposed to levy regulatory fee to cover costs of the stock exchange including need to increase marketing and investor awareness programs. The proposed amount of... Read more »

SBP projects GDP growth in range of 1.5-2.5 percent with high consumer prices in FY21

KARACHI: The State Bank of Pakistan (SBP) on Tuesday projected GDP growth in the range of 1.5-2.5 percent with higher than targeted consumer prices for the current fiscal year FY21 (2020/2021). The... Read more »

FBR to impose 100 percent penalty for not mentioning money in tax returns

ISLAMABAD: Federal Board of Revenue (FBR) has started examination of income tax returns filed for tax year 2020 and directed tax offices to identify undisclosed income / amount for imposing 100 percent... Read more »

Stock market ends down by 36 points on selling pressure

KARACHI: The stock market declined by 36 points on Tuesday amid selling pressure seen during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 44,650 points as against... Read more »

Exporters demand customs duty waiver on cotton yarn

KARACHI: Value-added textile exporters on Tuesday demanded the government of abolishing customs duty on import of cotton yarn to support the industry and ensure timely completion of export orders. “The gravity of... Read more »

Rupee falls by 35 paisas on import, corporate payments

KARACHI: The Pak Rupee fell by 35 paisas against the dollar on Tuesday owing to jack up in foreign currency demand for imports and corporate payments. The rupee ended Rs160.33 to the... Read more »