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PSX: KSE-100 plunges 620pts on profit-taking
KARACHI: Pakistan Stock Exchange’s benchmark KSE-100 Index saw significant dip, losing 620 points due to profit-taking and closing below 86,000 mark. Session began on positive note, with index peaking at an intra-day high of 86,520.29, b...
Aurangzeb discusses economic reforms, climate resilience with US envoy
ISLAMABAD: In a significant meeting between Finance Minister Muhammad Aurangzeb and US Ambassador Donald Blome, discussions centered on Pakistan’s ongoing macroeconomic reforms and the pressing challenges the nation faces. The meeting, held at...
IT, corporate tax rates required to be slashed: FBR Chief
ISLAMABAD: Chairman FBR Rashid Mahmood Langrial said that Income Tax and corporate tax rates required to be fixed and slashed. “It is wrong to collect tax for whole year and paying it for debt servicing,” he said. He said that there are s...
KSE-100 closes marginally higher to 162pts
KARACHI: Pakistan Stock Exchange witnessed mixed trading on Wednesday, as benchmark KSE-100 Index swayed in both directions before closing day marginally higher by 162 points. KSE-100 started day with negative momentum, hitting an intra-day lo...
Gold price hits Rs277,200 per tola
Karachi: Gold price surged in line with increase in international rates. In local market, price of gold per tola increased by Rs 2,200, clocking in at Rs 277,200 per tola, which is latest record high in Pakistan. Similarly, ten gram gold was sold at...
PM Shehbaz proposes common currency for SCO member states
ISLAMABAD: In a significant address at the 23rd Shanghai Cooperation Organisation (SCO) Heads of Government meeting, held in Islamabad, Prime Minister Shehbaz Sharif emphasized the urgent need for enhanced regional cooperation among member states to...
Pakistan’s SLGL secures transport services deal with Maersk
KARACHI: Secure Logistics Group Limited (SLGL) has entered into an arrangement to provide transport services to Maersk West and Central Asia Limited (Maersk), global shipping, transport and logistics services company. SLGL, an Islamabad-based c...
July-Sept: PTCL sustains Rs6.3bn in losses
KARACHI: Pakistan Telecommunication Company Limited (PTCL) sustained massive losses to tune of Rs 6.3 billion during three-month period that ended September 30, 2024. As per latest consolidated financial results made available to Pakistan Stock Exch...
IMF tax target for traders missed by 99.99pc
ISLAMABAD: Pakistan has failed to meet International Monetary Fund’s condition to collect Rs 10 billion from traders under new scheme in first quarter of this fiscal year, managing to collect only 0.001 percent of target. It is rare for an IMF...
Pakistan poised to serve as economic corridor for global economies: Envoy
WASHINGTON: Outlining vast opportunities in Pakistan, Ambassador to United States Rizwan Saeed Sheikh said Islamabad was poised to serve as economic corridor for global economies. Ambassador made these remarks during his meetings with Texas leadersh...
