Business & Finance

Tax Laws (Amendment) Bill, 2024: comments

Concept of an eligible person introduced [Section 114C(5)(B)]

Business-friendly environment: Speed up work on regulatory reform, PM tells officials

ISLAMABAD: As Pakistan is desperately seeking to enhance foreign investment, Prime Minister Shehbaz Sharif was...

Weekly SPI inflation up 0.38pc

ISLAMABAD: The Sensitive Price Index-based inflation for the week ended December 19, 2024, increased by 0.38 per ...

Polish co plans to double investments in Pakistan: envoy

ICAP marks 10th National Finance Olympiad

Ogra notifies RLNG price cut for SNGPL, SSGCL

Iranian CG hopes strong trade ties with Pakistan

Businessmen Panel for reducing cost of doing business

Honda and Nissan consider mutual production of vehicles

Companies

Business & Finance

Honda and Nissan consider mutual production of vehicles

Published 21 Dec, 2024 01:03pm

Technology

Google counters bid by US to force sale of Chrome

Published 21 Dec, 2024 11:16am

Business & Finance

Digital payment solution: Standard Chartered Bank Pakistan signs MoU with Haball

Published 21 Dec, 2024 06:24am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Budget 2024-25: income tax calculator for FY25

Money / Banking

Dollar retreats from two-year high

Indian rupee hits record low

Asian currencies: Ringgit extends fall to 10th session

Taxes

Tax Laws (Amendment) Bill, 2024: comments

Federal tax laws: Taxpayers’ rights fully protected: FTO

What is Tax Laws (Amendment) Bill, 2024 introduced in National Assembly?

Industry

Businessmen Panel for reducing cost of doing business

PRA cracks down on unregistered restaurants

Deceptive marketing practices: CCP imposes Rs170m penalties on two frozen dessert makers

Statistics

Jul-Nov FY25: Textile group exports up 10.51pc to $7.607bn YoY

Pakistan’s REER index increases further to 102.92 in November 2024

Pakistan records massive $729mn current account surplus in November 2024

Real Estate

Chinese property developers look to bite bullet and revamp onshore debt in 2025

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

China new home prices fall at slowest pace in 17 months in Nov

Interest Rates

BoE holds interest rate after inflation rise

US Fed begins final 2024 rate meeting with cut expected

Govt’s interest payments to decrease by Rs1.5tn in FY25 as policy rate comes down: SBP chief

Budgets

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

Business & Finance

AFF’s tax memorandum on federal & provincial finance acts, 2024

Published 06 Jul, 2024 01:48pm

Pakistan

Dr Gohar Ejaz urges govt to provide relief to salaried class

Updated 05 Jul, 2024 04:45pm

Companies

Google counters bid by US to force sale of Chrome

SAN FRANCISCO: Google late Friday countered a US call to sell its Chrome browser, suggesting a judge address...

Published 21 Dec, 2024 11:16am

Delegation representing capital markets visits China, signs MoUs

KARACHI: A high-level delegation from Pakistan’s capital markets, led by Akif Saeed, Chairman of the Securities ...

Published 21 Dec, 2024 06:24am

Insurance firm fails to challenge SECP powers

LAHORE: An insurance company has failed to challenge the powers of Securities and Exchange Commission of Pakistan...

Published 21 Dec, 2024 06:24am

Commodities

Unilever, FrieslandCampina fined for marketing ‘frozen desserts’ as ‘ice cream’

The Competition Commission of Pakistan (CCP) has imposed a cumulative penalty of Rs170 million on manufacturers and...

Updated 20 Dec, 2024 10:24pm

Bullion Rate

Gold price per tola falls further Rs2,000 in Pakistan

Gold prices in Pakistan extended decline on Friday in line with their fall in the international rate. In the local...

Updated 20 Dec, 2024 10:35pm

Punjab govt to provide all support for Quaid-e-Azam Business Park

LAHORE: Punjab Industries and Commerce Minister Chaudhry Shafay Hussain has said that the Punjab government will...

Published 21 Dec, 2024 06:24am

PM Shehbaz calls for early completion of Business Facilitation Centres

Prime Minister Shehbaz Sharif on Friday directed authorities to expedite the completion of Business Facilitation...

Updated 20 Dec, 2024 10:08pm

Stocks

KSE-100 gains over 3% as buying returns to PSX

Experts say recent correction created buying opportunity for investors

Updated 20 Dec, 2024 11:16pm

Stocks

Hoechst Pakistan plans to establish subsidiary in UAE

To capitalize on the business-friendly environment in the United Arab Emirates (UAE), another listed Pakistani...

Updated 20 Dec, 2024 10:33pm

Exchange

Rupee records slight decline against US dollar

Currency settles at 278.42 against greenback in inter-bank market

Updated 20 Dec, 2024 10:29pm

BISP holds event in connection with Quaid’s birthday, Christmas

ISLAMABAD: BISP organised a ceremony to celebrate Christmas, and the birthday of Quaid-e-Azam Muhammad Ali Jinnah, a...

Published 21 Dec, 2024 06:24am

SBP adopts Shariah standard

KARACHI: The State Bank of Pakistan (SBP) has announced adoption of AAOIFI Shariah Standard No. 59 - Sale of Debt...

Published 20 Dec, 2024 02:43am

Forex reserves up by $32m

KARACHI: The country’s total liquid foreign exchange reserves increased by $32 million during last week. ...

Published 20 Dec, 2024 02:43am

Forex

SBP-held foreign exchange reserves increase $31mn, now stand at $12.08bn

Foreign exchange reserves held by the State Bank of Pakistan (SBP) increased by $31 million on a weekly basis,...

Updated 19 Dec, 2024 10:38pm

Stocks

UAE markets gain ahead of key US inflation data

Stock exchanges in the United Arab Emirates advanced on Friday, with Abu Dhabi leading the charge ahead of key U.S....

Published 20 Dec, 2024 06:51pm

Business & Economy

No UAE visa issue, waiting for Islamabad to sign FTA: UAE consul general

KARACHI: UAE Consul General in Karachi Dr Bakheet Ateeq Al Rumaithi announced on Thursday that talks for a free...

Updated 19 Dec, 2024 09:44pm

Forex

India’s forex reserves dip to nearly six-month low

India’s foreign exchange reserves fell by nearly $2 billion to an almost six-month low of $652.87 billion as of Dec....

Published 20 Dec, 2024 05:51pm

Commodities

Copper set for weekly fall on strong dollar, concerns about demand prospects

LONDON: Copper prices remained close to a five-week low on Friday and were on track for a second consecutive weekly...

Published 20 Dec, 2024 05:34pm

Companies

Foxconn interest in Nissan on hold amid Honda merger talks

Taiwan’s Foxconn is pausing its interest in Nissan Motor as the Japanese automaker explores a potential merger with...

Published 20 Dec, 2024 05:09pm

USA

Trump wants EU to buy more US oil and gas or face tariffs

US President-elect Donald Trump said on Friday that the European Union may face tariffs if the bloc does not cut its...

Updated 20 Dec, 2024 11:20pm

Stocks

Indian equity benchmarks snap 4-week rising streak as Fed outlook hurts

Indian shares plunged on Friday, with the benchmarks logging their first weekly decline in five weeks, as sentiment...

Published 20 Dec, 2024 04:48pm

Stocks

Sri Lanka shares end higher for 19th straight session

CSE All-Share index settled 1.07% higher at 14,810.70

Published 20 Dec, 2024 04:46pm

Commodities

Palm extends losses, logs second weekly loss

KUALA LUMPUR: Malaysian palm oil futures ended lower on Friday and posted a second consecutive weekly loss,...

Published 20 Dec, 2024 04:44pm

Bullion Rate

Gold price per tola falls Rs2,600 in Pakistan

After increasing in the previous session, gold prices in Pakistan declined on Thursday in line with their fall in...

Updated 19 Dec, 2024 05:20pm

Forex

South African rand recovers some ground against dollar

JOHANNESBURG: South Africa’s rand recovered some losses on Friday after a slight improvement in risk sentiment. At...

Published 20 Dec, 2024 02:14pm

Stocks

European stocks slide as Trump’s warning spooks investors

European shares were on course to post their worst week in three months on Friday, as US President-elect Donald...

Published 20 Dec, 2024 02:12pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Petrol/Litre / Dec 21	252.10
Karachi Cotton PKR/37.32 KG / Dec 21	17,585

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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