Share market continues gaining momentum, up by 329 points

KARACHI: The share market continued gaining momentum and increased by 329 points on Friday, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 37,331 points as against 37,001... Read more »

Stock market gains 322 points as activities seen in cement sector

KARACHI: The stock market gained 322 points on Thursday due to enhanced activity in cement sector following inauguration of Bhasha Dam, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX)... Read more »

Rupee weakens by 33 paisas on import payment demand

KARACHI: The Pak Rupee weakened by 33 paisas against dollar on Thursday owing to rising demand of the foreign currency for import payments. The rupee ended Rs167 to the dollar from previous... Read more »

Rupee ends firmer on improved inflows

KARACHI: The Pak Rupee ended firmer against dollar on Wednesday as stock of foreign currency was sufficient to meet import payment demand. The rupee ended Rs166.67 to the dollar from the previous... Read more »

Withholding tax rate should be increased to 10 percent for immovable property purchase by non-filer

KARACHI: The withholding tax rate should be enhanced to 10 percent for non-filer purchaser of immovable property in the budget 2020/2021. Pakistan Business Council (PBC) in its budget proposals 2020/2021 recommended to... Read more »

FBR exempts withholding tax on commission for Ehsaas Program

ISLAMABAD: Federal Board of Revenue (FBR) has exempted the withholding tax on commission agent for disbursement of Ehsaas Emergency Program. The FBR issued SRO 315(I)/2020 dated April 16, 2020 to make amendment... Read more »

Headline inflation contracts in March to 10.2pc

ISLAMABAD: The headline inflation has contracted to 10.2 percent in March 2020 as compared with inflation in the previous month. Pakistan Bureau of Statistics (PBS) on Wednesday said that Consumer Price Index... Read more »

Oil consumption falls by 40pc during coronavirus lockdown

KARACHI: The oil consumption during last 15 days of the current month has declined by an average 40 percent due to lockdown to control outbreak of coronavirus. Analysts at Topline Securities said... Read more »

Share market gains over 1200 points on tax relief reports

KARACHI: The share market gained over 1,200 points on Tuesday owing to reports of tax relief announced by the government. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,231... Read more »

FBR asks terminal operators to allow 15-day free time for imported cargo

ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday asked terminal operators to provide 15-day free time to imported cargo at port area without demurrage and detention charges in the wake of coronavirus... Read more »