KARACHI: Despite the historic accords signed between Pakistan and Saudi Arabia, the equity market responded negatively on Monday as the benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 40,219 points, showing a decline of 267 points from 40,487 points.
(more…)Author: Faisal Shahnawaz
-
Rupee unable to maintain recovery against dollar
KARACHI: The Pakistani Rupee, which initially made gains against the US Dollar in early trading on Monday, faced a setback as demand surged for import and corporate payments.
(more…) -
Total foreign investment falls by 75 percent in seven months
KARACHI: Pakistan has experienced a significant decline of 75 percent in total foreign investment, amounting to $1.042 billion during the period of July to January in the fiscal year 2018/2019, according to the State Bank of Pakistan (SBP).
(more…) -
International Steel announces 20 percent decline in profit
KARACHI: International Steel Limited (ISL) has disclosed a 20 percent decrease in profit after tax for the first half of the fiscal year ending on December 31, 2018.
(more…) -
Procedure for import of motor vehicles into Pakistan
KARACHI: Pakistani nationals residing abroad including dual nationals can import old and used vehicles into Pakistan under three different schemes, according to a guide issued by Federal Board of Revenue (FBR).
(more…) -
Rupee makes significant gain against dollar in early trade
KARACHI: The Pakistani Rupee has exhibited a notable gain of 40 paisas against the US Dollar in early trade on Monday, reflecting positive sentiments in the wake of substantial investment agreements between Saudi Arabia and Pakistan.
(more…) -
PSO declares 50% decline in net profit for first half
KARACHI: Pakistan State Oil (PSO), the state-run oil company, has announced a 50 percent decline in net profit for the half-year period ending on December 31, 2018, as revealed in the financial results submitted to the Pakistan Stock Exchange (PSX) on Monday.
(more…) -
Income Tax Ordinance 2001: Commissioners power to amend assessment of annual income return
KARACHI: A commissioner of Inland Revenue has been empowered to alter annual income tax return of a person on detection of tax evasion or avoidance.
(more…) -
One-on-one meeting between Imran Khan, Saudi Prince
ISLAMABAD: Prime Minister Imran Khan engaged in a significant one-on-one meeting with Saudi Prince Mohammad bin Salman at the Prime Minister House on Sunday, laying the groundwork for the inaugural session of the Supreme Coordination Council.
(more…) -
Saudi Arabia signs pact for $20bn investment in Pakistan
ISLAMABAD: Saudi Prince Mohammed bin Salman announced on Sunday that Saudi Arabia has inked investment agreements totaling $20 billion in Pakistan.
(more…)