Tax proposals for budget sought – Business
ISLAMABAD: The Federal Board of Revenue (FBR) has initiated the process of gathering tax proposals from all stakeholders for consideration in the upcoming budget for the fiscal year 2024-25. Three different notifications were issued on Thursday to solicit feedback from all taxpayers, including chambers of commerce and industries, associations, and trade bodies. All proposals should […]
Japan’s Nikkei hits all-time high, breaks 1989 bubble-era record – Business
Japan’s Nikkei 225 on Thursday finally broke through a record high set just before the country’s asset bubble catastrophically burst in the early 1990s. The index of blue-chip stocks hit a peak of 39,156.97, beating the record of 38,957.44 set in December 29, 1989, before easing to 39,098.68 points at the end of trading, its […]
Shares at PSX rally 900 points in intraday trade over ‘clarity’ on govt formation – Business
Bulls dominated at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 900 points, with analysts attributing the gains to consensus over the formation of the government. After multiple rounds of talks, an agreement was reached last night between the PML-N and the PPP to share power in order to form the next […]
Shares at PSX rally 900 points in intraday trade over ‘clarity’ on govt formation – Business
Bulls dominated at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 900 points, with analysts attributing the gains to consensus over the formation of the government. After multiple rounds of talks spanning over one week, an agreement was reached last night between the PML-N and the PPP to share power in order […]
Shares at PSX rally 900 points in early morning trade over ‘clarity’ on govt formation – Business
Bulls dominated at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 900 points, with analysts attributing the gains to consensus over the formation of the government. After multiple rounds of talks spanning over one week, an agreement was reached last night between the PML-N and the PPP to share power in order […]
Shares at PSX rally 900 points in early morning trade over consensus on govt formation – Business
Bulls dominated at the Pakistan Stock Exchange (PSX) on Wednesday as shares gained over 900 points, with analysts attributing the gains to consensus over the formation of the government. After multiple rounds of talks spanning over one week, an agreement was reached last night between the PML-N and the PPP to share power in order […]
Electricity bills to surge with record fuel cost adjustment – Business
ISLAMABAD: In yet another blow to struggling electricity consumers, the Central Power Purchasing Agency (CPPA) has sought a massive Rs7.13 per unit increase in fuel charges in the upcoming bills on account of electricity consumed in January to generate an additional Rs57 billion for power distribution companies (Discos) formerly under Wapda. This is the highest-ever […]
Election outcome, political uncertainty may complicate Pakistan’s new IMF deal: Fitch – Business
Global ratings agency Fitch on Monday warned that the “close outcome” of the February 8 polls and the resulting “near-term political uncertainty” may complicate Pakistan’s efforts to secure a financing agreement with the International Monetary Fund (IMF). Nearly 60.6 million Pakistanis voted in the country’s 12th general elections earlier this month amid a day-long suspension […]
Shares at PSX rally 500 points on hopes of consensus on forming new govt – Business
Bulls returned to the Pakistan Stock Exchange (PSX) on Monday as shares gained over 500 points, with analysts attributing the rally to hopes that political parties would soon reach an agreement on forming the government. Last week, growing doubts about the formation of a new coalition government amid raging protests against alleged manipulation of election […]
Pakistan’s debt profile ‘alarming’, borrowing and spending habits ‘unsustainable’: report – Business
A report by Islamabad-based think tank Tabadlab has stated that Pakistan’s debt profile is “alarming” while the country’s borrowing and spending habits were “unsustainable”. The 68-page report, titled ‘A raging fire: Pakistan’s debt crisis’, was released on Sunday. It said that the country’s total debt and liabilities — including domestic and external debt — to […]