Business & Finance

India slaps Samsung with tax demand of $601m for telecom imports

NEW DELHI: India has ordered Samsung and its executives in the country to pay $601 million in back taxes and...

Reko Diq comes under renewed ECC focus

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet met on Tuesday with Federal Minister for Finance...

Reko Diq Project: OGDCL completes updated feasibility study

ISLAMABAD: The Oil and Gas Development Company Limited (OGDCL) has announced the completion of the updated...

Govt decides to restructure SMEDA

‘Country’s tax system is a significant obstacle to economic development’

Same-day corporate bank account opening: SECP developing standardised app interface with SBP, PBA

Repaying loans: Minister directs officials to facilitate farmers

Food minister rebuts reports about sugar price discrepancies

Dar for a comprehensive strategy to boost E&P sector

Companies

Business & Finance

FFC holds 47th AGM

Published about 3 hours ago

Business & Finance

Qatar Airways wins approval for stake in Virgin Australia

Published 21 minutes ago

Business & Finance

GM, Hyundai in talks to share pickups and electric vans in N America

Published 19 minutes ago

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Cotton US¢/pound / Mar 25	65.64
Petrol/Litre / Mar 26	255.63
Diesel/Litre / Mar 26	258.64

Budget 2024-25: income tax calculator for FY25

Money / Banking

Bank Alfalah, Akhuwat join hands to disburse micro loans of Rs25m

Dollar dips as traders stay cautious

Asian currencies: Rupiah hits lowest in nearly 27 years

Taxes

IR & Pak Customs: FBR establishes Strategic Tariff, Revenue Analysis Wings

Return filing deadline extended

KATI president recommends reforms to expand tax net

Industry

CDA directed to complete Business Facilitation Centre

Govt benchmark helps arrest sugar price hike: PSMA Punjab

Market stability disrupted, cash flows affected: PAAPAM highlights ‘negative’ impact of Green Tractor Scheme

Statistics

NTC generates Rs40 billion through anti-dumping duties in 25 years

Govt expects CPI inflation to lower further in March

SBP-held foreign exchange reserves increase $49mn, now stand at $11.15bn

Real Estate

Saudi residential real estate to attract $1.22 billion this year, consultancy says

India home prices to climb faster than inflation this year, rents even more: Reuters poll

Country Garden shares surge in resumed trade after near 10-month halt

Interest Rates

Fed keeps policy rate outlook intact

Fed leaves policy rate outlook unchanged amid projected growth slowdown, temporary inflation jump

US Fed expected to sit tight as Trump tariff fears buffet markets

Budgets

Pakistan

Pakistan may present budget early to secure IMF board approval, says Topline

Updated 17 Mar, 2025 09:23pm

Markets

Aurangzeb hints at tax reforms for Pakistan’s salaried group

Updated 28 Jan, 2025 09:13pm

Pakistan

PBC apologies for mistake, now says Pakistan’s salaried class paying up to 3 times more tax than in India

Updated 26 Jul, 2024 05:10pm

CDA approves QR code payment system for businesses, eateries

ISLAMABAD: Capital Development Authority (CDA) on Tuesday approved the introduction of a QR code payment system for...

Published about an hour ago

IMF warns Sri Lanka trade unions against strike over pay demand

COLOMBO: Sri Lanka’s fragile economic recovery could be hampered by threatened trade union strikes over reduced...

Published about an hour ago

Businesses sound alarm as Trump tariff chaos hits consumers

LONDON/NEW YORK/ WASHINGTON: With each day, evidence is mounting across the corporate world that the chaotic...

Published 18 minutes ago

EU’s slow 5G rollout weighs on mobile sector, industry

BARCELONA: The European Union’s slow adoption of 5G networks and lagging performance compared to other regions is...

Published 12 minutes ago

S&P warns Turkey’s tensions risk a setback for reforms

LONDON: Credit rating firm S&P Global warned on Monday that the troubles triggered by the arrest of President...

Published 10 minutes ago

US economic activity up slightly as tariff worries rise, Fed survey

WASHINGTON: US economic activity has risen slightly but unevenly since mid-January, employment nudged higher, and...

Published 8 minutes ago

‘Immense national importance’: ECC assures full support for Reko-Diq project

Committee directs Ministries of Petroleum, Finance to continue close coordination to ensure timely implementation of all agreed actions for project

Updated about 10 hours ago

Commodities

Gold price per tola sheds Rs800 in Pakistan

Gold prices in Pakistan declined on Tuesday, in line with their decrease in the international market. In the local...

Published about 17 hours ago

Companies

OGDCL expands Reko Diq funding commitment to $627mn

Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has approved an increase in its...

Updated about 10 hours ago

Companies

POGC, PPL discover gas in Dadu’s Rafat-1 well

Kirthar Joint Venture comprising of Polish Oil and Gas Company (POGC) along with Pakistan Petroleum Limited (PPL)...

Updated about 10 hours ago

Industry

NTC generates Rs40 billion through anti-dumping duties in 25 years

Pakistan’s National Tariff Commission (NTC) has generated Rs40 billion through anti-dumping duties on the import of...

Updated about 14 hours ago

Statistics

Govt expects CPI inflation to lower further in March

Ministry of Finance expects slight uptick in inflation reading in April

Updated about 9 hours ago

Cotton & Textile

Pakistan’s Sapphire Textile to acquire minority stake in UK-based RTS Textiles

Sapphire Textile Mills Limited, one of the country’s leading textile manufacturers, is set to expand its...

Updated about 10 hours ago

Stocks

KSE-100 closes marginally higher in cautious trading

The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index closed marginally higher on Tuesday, as investors...

Updated about 10 hours ago

Stocks

Wall St wavers after weak consumer confidence data; focus on tariffs

Wall Street’s primary indexes wavered on Tuesday, as signs of a further deterioration in consumer mood tempered...

Published about 11 hours ago

Stocks

TSX rises as potential US tariff exemptions keep spirits high

Canada’s main stock index rose on Tuesday, building on the previous day’s gains as optimism about...

Published about 11 hours ago

Commodities

Altern Energy Limited calls for early termination of PPA due to operational losses

Altern Energy Limited has submitted a request to the Central Power Purchasing Agency (Guarantee) Limited (CPPA), for...

Updated about 13 hours ago

Commodities

Raw sugar steadies after hitting 1-1/2 week low

LONDON: Raw sugar steadied on Tuesday after hitting a 1-1/2 week low as investors await the upcoming crop in top...

Published about 12 hours ago

Companies

Kenya Airways records profit after more than a decade of losses

NAIROBI: Kenya Airways said on Tuesday that it had made a pretax profit last year after more than a decade of...

Published about 12 hours ago

Currency

South African rand on front foot, US tariff worries remain

JOHANNESBURG: South Africa’s rand extended its recent rally on Tuesday, as markets continued to look for clarity on...

Published about 12 hours ago

USA

Moody’s says US fiscal strength on course for continued decline

NEW YORK: Ratings agency Moody’s said on Tuesday that the U.S.’ fiscal strength is on track for a continued...

Published about 13 hours ago

Energy

Russia’s oil exports from its western ports set to rise 5% in April

Russia’s daily oil exports from its western ports are set to rise by some 100,000 barrels per day to 1.97 million...

Published about 13 hours ago

Stocks

Most Gulf markets fall on US tariff uncertainty

Most stock markets in the Gulf ended lower on Tuesday as investors awaited clarity on U.S. threats of reciprocal...

Published about 13 hours ago

Forex

Sterling inches higher with tariffs, spring statement in focus

LONDON: The pound rose slightly on Tuesday after falling to a two-week low the previous day, as investors continued...

Published about 15 hours ago

India ends import duty for items needed to make EV batteries, phones

NEW DELHI: India on Tuesday said there would be no import duties on several goods used to manufacture electric...

Published about 15 hours ago

Companies

Merck signs deal with Jiangsu Hengrui worth up to $2 billion for access to heart drug

Merck has signed a licensing deal with Jiangsu Hengrui Pharmaceuticals worth up to $2 billion for its experimental...

Published about 16 hours ago

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Mar 25	280.52
USD PKR Interbank Buying / Mar 25	280.27
USD to Japanese Yen / Mar 25	150.54
USD to Swiss Franc / Mar 25	0.88
Pound Sterling to USD / Mar 25	1.29
Euro to USD / Mar 25	1.08
UK LIBOR % / Mar 24	4.96

Stock	Volume
S&P 500 / Mar 24	5,767.57
Nasdaq / Mar 24	18,188.59
Dow Jones / Mar 24	42,583.32
India Sensex / Mar 25	78,073.97
Tokyo Nikkei / Mar 25	37,780.54
Hang Seng / Mar 25	23,413.58
FTSE 100 / Mar 25	8,684.09
Germany DAX 30 / Mar 25	22,926.46
France CAC40 / Mar 25	8,073.56

Item	Value
Karachi Cotton PKR/37.32 KG / Mar 24	17,085
Crude Oil USD/Barrel / Mar 25	69.03
Gold 10 Grams PKR / Mar 25	272,462
Gold Spot USD/Ounce / Mar 25	3,017.31
Cotton US¢/pound / Mar 25	65.64
Petrol/Litre / Mar 26	255.63
Diesel/Litre / Mar 26	258.64

Gainers
Losers
Leaders

Stock	Price
Mughal Iron & Steel Indus.(R) / Mar 25 Mughal Iron & Steel Industries Limited (R)(MUGHALR2)	2.01 ▲ 1 (99.01%)
Ruby Textile / Mar 25 Ruby Textile Mills Limited(RUBY)	7.01 ▲ 1 (16.64%)
Sec. Inv. Bank / Mar 25 Security Investment Bank Limited(SIBL)	8.99 ▲ 1 (12.52%)
Samba Bank / Mar 25 Samba Bank Limited(SBL)	9 ▲ 0.82 (10.02%)
Leiner Pak Gelat / Mar 25 Leiner Pak Gelatine Limited(LPGL)	100.73 ▲ 9.16 (10%)
Adamjee Life Assur. / Mar 25 Adamjee Life Assurance Company Limited(ALIFE)	25.73 ▲ 2.34 (10%)
United Dist. / Mar 25 United Distributors Pakistan Limited(UDPL)	67.29 ▲ 6.12 (10%)
Crescent Fib. / Mar 25 Crescent Fibres Limited(CFL)	45.70 ▲ 4.14 (9.96%)
Popular Islamic / Mar 25 Popular Islamic Modaraba(PIM)	13.19 ▲ 1.19 (9.92%)
Hussain Industries / Mar 25 Husein Industries Limited(HUSI)	27.30 ▲ 2.43 (9.77%)

Stock	Price
Parmount Sp. / Mar 25 Paramount Spinning Mills Limited(PASM)	3.51 ▼ -0.48 (-12.03%)
Shahtaj Sugar / Mar 25 Shahtaj Sugar Mills Limited(SHJS)	117 ▼ -13 (-10%)
Diamond Ind. / Mar 25 Diamond Industries Limited(DIIL)	27.68 ▼ -3.07 (-9.98%)
Zephyr Textile / Mar 25 Zephyr Textiles Limited(ZTL)	9.50 ▼ -1 (-9.52%)
TPL Life Insur. / Mar 25 TPL Life Insurance Limited(TPLL)	55.02 ▼ -5.74 (-9.45%)
Shahtaj Textile / Mar 25 Shahtaj Textile Limited(STJT)	65.05 ▼ -6.54 (-9.14%)
Sindh Abadgar / Mar 25 Sindh Abadgar's Sugar Mills Limited(SASML)	55 ▼ -5.43 (-8.99%)
Elahi Cot. / Mar 25 Elahi Cotton Mills Limited(ELCM)	138 ▼ -13.03 (-8.63%)
Tri-Star Power / Mar 25 Tri-Star Power Limited(TSPL)	7.24 ▼ -0.66 (-8.35%)
Shield Corp. / Mar 25 Shield Corporation Limited(SCL)	253.90 ▼ -22.98 (-8.3%)

Stock	Volume
Pak Elektron / Mar 25 Pak Elektron Limited(PAEL)	28,623,330 ▲ 0.63
TRG Pak Ltd / Mar 25 TRG Pakistan Limited(TRG)	22,742,574 ▼ -3.59
Cnergyico PK / Mar 25 Cnergyico PK Limited(CNERGY)	19,218,186 ▲ 0.01
Sui South Gas / Mar 25 Sui Southern Gas Company Limited(SSGC)	14,168,002 ▲ 0.18
WorldCall Telecom / Mar 25 Worldcall Telecom Limited(WTL)	11,877,825 ▼ -0.05
Pak Int.Bulk / Mar 25 Pakistan International Bulk Terminal(PIBTL)	11,187,536 ▲ 0.08
Pak Refinery / Mar 25 Pakistan Refinery Limited(PRL)	10,362,407 ▼ -0.12
B.O.Punjab / Mar 25 The Bank of Punjab(BOP)	10,164,053 ▼ -0.21
K-Electric Ltd. / Mar 25 K-Electric Limited(KEL)	10,144,462 ▲ 0
Treet Corp / Mar 25 Treet Corporation Limited(TREET)	8,893,519 ▼ -0.53

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