Business
FBR withdraws new rules on bringing goods from abroad
December 11, 2024
FBR withdraws new rules on bringing goods from abroad
KARACHI: The Federal Board of Revenue (FBR) has decided to withdraw the recently proposed amendments to the Baggage Rules 2006,…
Stock market regains momentum on economic confidence, rate cut bets
December 11, 2024
Stock market regains momentum on economic confidence, rate cut bets
KARACHI: The capital market staged a recovery on Wednesday, bouncing back from the previous session’s steep decline that had slashed…
National Savings schemes profit cut further after policy rate reduction
December 11, 2024
National Savings schemes profit cut further after policy rate reduction
SLAMABAD: The federal government announced reduction in the profit rates for National Savings schemes. The new “reduced” rates will come…
Oil up on demand hopes from China’s ‘looser’ monetary policy
December 11, 2024
Oil up on demand hopes from China’s ‘looser’ monetary policy
SINGAPORE: Oil prices rose on Wednesday, with market participants expecting demand to rise in the world’s largest crude importer, after…
Passenger car sales increase by 62% in Nov
December 11, 2024
Passenger car sales increase by 62% in Nov
KARACHI: Passenger car sales in the country increased by 62% on a year-on-year (YoY) basis in November 2024 compared to…
ADB approves $200m loan for upgrading electricity transmission system
December 11, 2024
ADB approves $200m loan for upgrading electricity transmission system
ISLAMABAD: The Asian Development Bank (ADB) has approved a loan of $200 million for improving Pakistan’s electricity transmission system. According…
Gold prices up by Rs3,100 per tola
December 11, 2024
Gold prices up by Rs3,100 per tola
ISLAMABAD: The price of 24 karat per tola gold witnessed an increase of Rs3,100 and was sold at Rs280,500 on…
Cabinet approves tariff review for eight more IPPs
December 10, 2024
Cabinet approves tariff review for eight more IPPs
ISLAMABAD: The federal cabinet on Tuesday approved a tariff review for eight more Independent Power Producers (IPPs). According to sources,…
Spring-heeled stocks soar past 111,000 points
December 10, 2024
Spring-heeled stocks soar past 111,000 points
KARACHI: The Pakistan Stock Exchange (PSX) on Tuesday continued its momentum by soaring past 111,000 points amid a rosy economic…
ADR tax formula to be changed: experts
December 10, 2024
ADR tax formula to be changed: experts
ISLAMABAD: Analysts said that the committee formed by Prime Minister Shahbaz Sharif is likely to adjust the formula for imposing…