Karachi, November 21, 2024 – The KSE-100 index of the Pakistan Stock Exchange (PSX) soared to an all-time high of 97,328 points on Thursday, reflecting a wave of optimism following the Army Chief’s meeting with leading business figures.
(more…)Author: Shahnawaz Akhter
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Pakistan Stocks Shed 310 Points Amid Rising Political Noise
Karachi, November 20, 2024 – Pakistan stocks on Wednesday saw a notable decline of 310 points, owing to rising political noise in the country. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) ended at 95,546 points, down from the previous day’s closing of 95,856 points.
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Hascol Petroleum Responds to PSX on Share Price Fluctuations
Karachi, November 20, 2024 – Hascol Petroleum Limited on Wednesday submitted its reply to Pakistan Stock Exchange (PSX) regarding unusual movements of shares. Hascol Petroleum said that the company remains committed to promptly disclosing any material or price-sensitive information that may impact the trading price or volume of its shares, in strict compliance with the Securities Act, 2015 and PSX Regulations.
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FBR Announces Normal Working Days for November Saturdays
Islamabad, November 20, 2024 – The Federal Board of Revenue (FBR) announced on Wednesday that the last two Saturdays of November 2024 would be observed as normal working days.
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Pakistan Makes $76.28M Import Payment to India in 4MFY25
Karachi, November 20, 2024 – Pakistan has made an import payment of $76.28 million to India during the first four months (July – October) of the fiscal year 2024-25, according to official data from the State Bank of Pakistan (SBP).
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FTO Assures Resolution of Tax Issues for Builders and Developers
Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah assured the Association of Builders and Developers (ABAD) that their tax-related grievances would be resolved on a priority basis. Speaking during his visit to the ABAD House on Tuesday, he reaffirmed the FTO’s commitment to eliminating irregularities in the tax system, which he described as a core mandate of his office.
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FBR Chairman Briefs World Bank on Transformation Plan
Islamabad, November 19, 2024 – Rashid Mahmood, Chairman of the Federal Board of Revenue (FBR), provided an in-depth briefing to the World Bank team on Tuesday regarding the FBR’s comprehensive transformation plan aimed at enhancing revenue collection and tax compliance in Pakistan.
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SBP Reaffirms Support for Women-Led Business Initiatives
Karachi, November 19, 2024 – The State Bank of Pakistan (SBP) underscored its dedication to enhancing women’s role in the economic landscape by hosting Women Entrepreneurship Day on November 19, 2024, in Karachi. The event brought together key stakeholders, including banks, civil society, international organizations, and successful women entrepreneurs, to promote inclusive financial participation.
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Pakistan Stocks Hit All-Time High as Bulls Add 861 Points
Karachi, November 19, 2024 – Pakistan stocks surged to an all-time high on Tuesday as bullish momentum dominated trading, adding 861 points to the benchmark KSE-100 index. The index closed at 95,857 points, up from the previous day’s 94,996 points.
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November Inflation in Pakistan Expected to Hit Record Low
Karachi, November 19, 2024 – Pakistan’s headline inflation, based on the Consumer Price Index (CPI), is projected to drop to a 78-month low for November 2024, according to analysts at Topline Securities Limited.
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