S&P 500, Nasdaq hit record highs as US-Iran escalation fears fade
The S&P 500 and the Nasdaq hit record highs on Wednesday after President Donald Trump said there were no American casualties in...
Pakistan not to accept TAPI gas price
--ECC approves technical supplementary grant of Rs1bn for establishment of Pakistan Tourism Development Endowment Fund
--Finance ministry directed to chalk out ways to...
US, UK, China remain Pakistan’s top export destinations
The United States (US) has maintained its position as the top export destination for Pakistani products during the first five months of...
Strike by millions of workers in India hits businesses
NEW DELHI: Banking and other businesses across India suffered on Wednesday as millions of workers went on strike protesting the Hindu nationalist government’s...
Gas shortage to double next year, CCoE informed
ISLAMABAD: Amid lack of new explorations, the shortage of gas is likely to be doubled next year, with a projected shortfall of 477mmcfd.
In...
SBP sells Rs95.7bn worth of PIBs
KARACHI: The State Bank of Pakistan (SBP) raised Rs95.67 billion through the sale of Pakistan Investment Bonds (PIBs) at an auction on Wednesday.
As...
FBR asked to crack down on smuggled Iranian POL products
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed the Federal Board of Revenue (FBR) to constitute a joint task force, comprising the officials...
Pakistan to export 500,000MT additional rice to China
ISLAMABAD: After successfully completing the export quota of 250,000 metric tonnes of rice to China, Pakistan would now export an additional 500,000MT of...
After 15-month lapse, govt all set to appoint PSO managing director
ISLAMABAD: The government is all set to appoint a managing director (MD) for the Pakistan State Oil (PSO), as the Petroleum Division, after...
SECP warns investors of third-party accounts, unlicensed brokers
ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) on Wednesday issued a statement on its official Twitter handle, guiding capital market investors...
Bears dominate as KSE-100 drops 546 points
KARACHI: After recovering some losses in the previous session, the Pakistan Stock Exchange (PSX) fell back in the grip of bears as...
FBR clarifies news about significant reduction of taxes on import of smart phones
ISLAMABAD: The Federal Board of Revenue (FBR) on Wednesday issued a clarification that according to Government’s Digital Pakistan Initiative, the government is...
Top court grills FBR in illegal tax refund case
ISLAMABAD: The Supreme Court on Wednesday expressed annoyance over the Federal Board of Revenue and grilled its Acting Chairperson Nosheen Javed Amjad...
Govt to set up Pakistan Corporate Restructuring Company to boost economy
ISLAMABAD: Following the directions of Prime Minister Imran Khan to boost economic growth and create employment opportunities, the government plans to establish...
Gold and oil prices jump, stocks down after Iran attack on US troops
Escalating geopolitical risk has increased oil and gold prices while Asian stock markets plummeted following firing of Iranian missiles at US airbases...