The government of Pakistan has announced a new minimum tax rate of 1% for companies listed on the Pakistan Stock Exchange (PSX). This proposal is part of the amendments to tax rates related to the Minimum Tax under the Income Tax Ordinance, 2001, as outlined in the Finance Bill, 2023.
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Weekly Review: Pakistan Stocks Anticipate Impact of Budgetary Measures
In the aftermath of the federal budget announcement for the fiscal year 2023-24, Pakistan’s stock market is poised for a potential reaction to the government’s budgetary measures.
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PSX Ends Up Week on Positive Note with 217.74 Points Gain
Karachi, June 9, 2023: The Pakistan Stock Exchange (PSX) concluded the week on a positive and optimistic note, with a notable gain of 217.74 points. Investors eagerly anticipated positive outcomes from the upcoming budget, leading to a strong and promising session.
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Pakistan Stocks Nosedive Ahead of Budget Announcement
Karachi, June 8, 2023: The Pakistan stock market experienced a significant decline on Thursday as investors adopted a cautious approach ahead of the federal budget announcement.
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Pakistan Stocks Maintain Positive Streak Amid Optimism Over IMF Program
Karachi, June 7, 2023 – Pakistan’s stock market continued its upward trajectory on Wednesday, buoyed by hopes of a loan program under the International Monetary Fund (IMF).
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Pakistan Stocks Surge 255 Points Amid Renewed IMF Program Hopes
Karachi, June 6, 2023: Pakistan’s stock markets witnessed a notable increase of 255 points on Tuesday, driven by renewed optimism surrounding the International Monetary Fund’s (IMF) loan program renewal.
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Pakistan Stock Market Begins Week with Positive Sentiments
Karachi, June 5, 2023 – Pakistan stock market kicked off the week on a positive note, with optimistic sentiments prevailing throughout the day.
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Weekly Review: Pakistan Stocks Range-Bound Ahead of Budget 2023-24
With the budget scheduled to be unveiled on June 9, 2023, market participants are closely monitoring its impact on the direction of the stock market. Additionally, investors are keeping a keen eye on the progress of Pakistan’s IMF program review, which adds to the market’s overall sentiment.
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Pakistan Stocks Gain 86 Points in Mixed Session, Cement Sector Surges
Karachi, June 2, 2023 – Pakistan’s stock market witnessed a mixed trading session on Friday, with the benchmark KSE-100 index gaining 86 points. The index closed at 41,353 points, showing a slight improvement from the previous day’s closing of 41,267 points.
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Pakistan Stocks Experience 64-Point Decline in Range-Bound Trading
Karachi, June 1, 2023: In a day marked by range-bound trading, Pakistan’s stock market witnessed a decline of 64 points on Thursday.
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