Taxes FBR notifies transfers of 12 key officers to Admin Pool The Federal Board of Revenue (FBR) has notified transfers of 12 officers of the Inland Revenue Service and Pakistan... Published 26 Apr, 2024 10:48pm
Stocks Wall St rises as Big Tech charges higher Wall Street’s main indexes advanced on Friday as most megacap growth stocks rose after robust quarterly results from... Published 26 Apr, 2024 09:50pm
Stocks Europe’s STOXX 600 logs best day in three months as banks shine Europe’s benchmark stock index had its biggest one-day gain in more than three months on Friday, propelled by... Published 26 Apr, 2024 09:47pm
Stocks FTSE 100 continues record run, Darktrace rallies on buyout deal Britain’s benchmark FTSE 100 scored its fourth consecutive record high on Friday as strong earnings from U.S. tech... Published 26 Apr, 2024 09:44pm
Pakistan Digital City Haripur to be KP’s first IT-focused technology zone Project is expected to become functional in 2026 and generate $25-50 million in exports annually Updated 26 Apr, 2024 09:26pm
Money & Banking India’s foreign exchange reserves drop to six-week low MUMBAI: India’s foreign exchange reserves fell for a second consecutive week and stood at a six-week low of $640.33... Published 26 Apr, 2024 05:52pm
Forex Sterling steadies against dollar, jumps to 16-year high vs yen LONDON: Sterling steadied on Friday after rising to a two-week high against the dollar as markets awaited for key... Published 26 Apr, 2024 05:31pm
Stocks KSE-100 rallies over 1% to hit another record high Index closes Friday's session at 72,742.75, surpassing previous all-time high of 72,051.89 on April 24, 2024 Updated 26 Apr, 2024 10:38pm
Energy Global LNG: Asia spot LNG prices fall for first time in over two months SINGAPORE: Asian spot liquefied natural gas (LNG) prices dropped slightly for the first time in more than two months... Published 26 Apr, 2024 04:23pm
Stocks Easing Middle East worries, stable earnings power Indian shares to weekly gains BENGALURU: India’s benchmark indexes fell on Friday, dragged by financials, although the losses were not enough to... Published 26 Apr, 2024 04:14pm
Commodities Copper breaks above $10,000 for the first time in two years LONDON: Copper prices in London hit a two-year high and surpassed a strong resistance level of $10,000 a metric ton... Published 26 Apr, 2024 04:10pm
Commodities Palm oil rebounds from two-day fall but still down weekly SINGAPORE: Malaysian palm oil futures rebounded from a two-day fall on Friday amid declining yields and ample... Published 26 Apr, 2024 04:07pm
Forex Kenyan shilling flat amid liquidity shortage The Kenyan shilling was flat on Friday amid a shortage of liquidity on the domestic market, traders said. Kenyan... Published 26 Apr, 2024 03:17pm
Stocks FTSE 100 continues record run, Darktrace rallies on buyout deal Britain’s FTSE 100 rose to another record high on Friday as strong earnings from US tech giants buoyed investor... Published 26 Apr, 2024 03:10pm
Companies PSO’s profit plunges over 70% in 3QFY24, amounts to Rs3.74bn Despite higher sales, Pakistan State Oil Company Limited’s (PSO) profit-after-tax (PAT) plunged over 70%, clocking... Published 26 Apr, 2024 02:44pm
Companies JS Bank registers massive 376% jump in profit in 1QCY24 JS Bank Limited (JSBL) posted massive consolidated profit of Rs4.2 billion during the three months ended March 31,... Updated 26 Apr, 2024 09:31pm
Interest Rates SBP expected to hold rates on Monday ahead of IMF deal, Reuters poll finds KARACHI: A Reuters poll found that the State Bank of Pakistan (SBP) is expected to hold its key interest rate at a... Updated 26 Apr, 2024 09:49pm
Bullion Rate Gold price per tola jumps Rs2,500 in Pakistan Gold prices increased in Pakistan on Friday in line with a rise in the international rate. In the local market, gold... Updated 26 Apr, 2024 04:07pm
Business & Economy Pakistan’s economic condition shows improvement, but ‘needs surgery’: PM Shehbaz ISLAMABAD: Pakistan’s economic indicators are showing positive signs, with an agenda of painful reforms and... Updated 26 Apr, 2024 06:14pm
Stocks Hong Kong shares end with fifth gain in a row HONG KONG: Hong Kong shares ended the week with a fifth successive gain Friday as tech firms rallied on the back of... Published 26 Apr, 2024 01:26pm
Industry Airline revenues: IATA urges Pakistan to allow repatriation of $399mn Pakistan should simplify onerous process for repatriation, including requirement to provide audit certificates and tax exemption certificate, association says Updated 26 Apr, 2024 09:55pm
Stocks Europe markets open higher; London hits new record LONDON: Europe’s stock markets opened higher Friday, with London reaching a record high for the fourth session... Published 26 Apr, 2024 12:40pm
Energy TotalEnergies Q1 net income falls 22% on lower gas prices French energy giant TotalEnergies posted a 22% decline in first-quarter earnings versus a year earlier on Friday as... Published 26 Apr, 2024 12:17pm
Commodities Copper hits two-year high, surpassing $10,000/T on investment flows Copper prices rose to a two-year high on Friday after surpassing a strong resistance level of $10,000 a metric ton,... Published 26 Apr, 2024 12:12pm
Forex Russian rouble hovers near one-month high ahead of expected rate hold The Russian rouble hovered near a one-month high of around 92 to the dollar on Friday, ahead of a rate-setting... Published 26 Apr, 2024 12:06pm
Forex Rupee strengthens marginally against US dollar Currency settles at 278.39 against the greenback in inter-bank market Updated 26 Apr, 2024 06:32pm
Commodities India rice prices at three-month low on shrinking demand Top exporter India’s rice export prices fell to their lowest level in more than three months this week on subdued... Published 26 Apr, 2024 10:49am
Bullion Rate Gold prices set for weekly decline ahead of US inflation data Gold prices edged lower on Friday and were set for a weekly decline as investor attention turned to key US inflation... Published 26 Apr, 2024 10:29am
Mutual Funds Fresh peaks in Treasury yields to push Indian bond rates higher MUMBAI: Indian government bond yields are expected to rise at open on Friday, as US Treasury yields spiked after... Published 26 Apr, 2024 10:11am
Forex Indian rupee to see muted reaction to US inflation flare-up MUMBAI: The Indian rupee is expected to open little changed on Friday, despite a pick-up in US inflation which... Published 26 Apr, 2024 10:09am
Commodities Palm oil rebounds to track stronger rivals; eyes weekly loss SINGAPORE: Malaysian palm oil futures rebounded on Friday after declining for two sessions, tracking gains in rivals... Published 26 Apr, 2024 10:05am
Indonesia says posts Jan-Mar budget surplus of 0.04% of GDP JAKARTA: Indonesia booked a budget surplus of 8.1 trillion rupiah ($499.38 million) in the January-March period, or... Published 26 Apr, 2024 10:02am
Commodities Wheat poised for biggest weekly rise in 2 years on supply fears SINGAPORE: Chicago wheat futures eased on Friday but the market was on track for their biggest weekly gain in two... Published 26 Apr, 2024 09:46am
Stocks Indian shares set to open higher on upbeat results from Bajaj Finance and IndusInd Bank BENGALURU: India’s benchmark indexes are set to open higher on Friday, with better-than-expected results from Nifty... Published 26 Apr, 2024 09:42am
Stocks Asia stocks rise, yen falls as BOJ stands pat on rates SINGAPORE: The yen fell amid volatile trade on Friday after the Bank of Japan (BOJ) maintained its accommodative... Published 26 Apr, 2024 09:30am
Mutual Funds Japan bond futures off lows as BOJ keeps rates steady TOKYO: Japan’s government bond futures fell as did the yen on Friday after the Bank of Japan kept its short-term... Published 26 Apr, 2024 09:26am
BOJ keeps ultra-low rates, projects inflation near 2% for years TOKYO: The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates projecting inflation... Published 26 Apr, 2024 09:23am
Stocks Australian shares tumble as miners, energy stocks fall; BHP Group tanks Australian shares fell on Friday, as investors pushed back rate-cut bets with cooler-than-expected US growth coupled... Published 26 Apr, 2024 09:17am
Bullion Rate China’s Q1 gold consumption climbs nearly 6% on safe-haven demand BEIJING: China’s gold consumption in the first quarter of 2024 climbed by 5.94% from a year earlier on soaring... Published 26 Apr, 2024 09:15am
Stocks Japan’s Nikkei rises as chip shares rebound; BOJ decision in focus TOKYO: Japan’s Nikkei share average rose on Friday led by a rebound in chip-related stocks, while investors awaited... Published 26 Apr, 2024 09:12am
Energy Oil prices on track to snap two-week losing streak LONDON: Oil prices rose on Friday, on track to end higher this week after two straight weeks of losses, after a top... Updated 26 Apr, 2024 03:20pm
Forex Japan’s yen hits 34-year low after BOJ holds interest rates SINGAPORE: The yen hit its weakest in three decades against the US dollar after the Bank of Japan left interest... Published 26 Apr, 2024 09:05am
Forex China’s yuan nears daily downside limit as US yields rise, yen falls HONG KONG: China’s yuan hovered near a five-month low against the dollar and traded a whisker away from its daily... Published 26 Apr, 2024 09:00am
SBP says forex reserves stand at $13.281bn KARACHI: The country’s total liquid foreign exchange reserves fell by $ 94 million during the last week. The State... Published 26 Apr, 2024 04:15am
Q1: Engro posts Rs104.3bn revenue KARACHI: Engro Corporation’s revenue from continued operations grew by 45 percent to Rs 104.3 billion in the first... Published 26 Apr, 2024 04:15am
World Bank official stresses need for sustainable fiscal reforms ISLAMABAD: The World Bank’s (WB) Global Director, Governance Global Practice, Equitable Growth, Finance, and... Published 26 Apr, 2024 04:15am
Sugar export not allowed as yet, says minister ISLAMABAD: Federal Minister for Industries and Production Rana Tanveer Hussain has said that keeping in view the... Published 26 Apr, 2024 04:15am
Polish envoy sees potential to increase bilateral ties ISLAMABAD: Polish Ambassador to Pakistan Ambassador Maciej Pisarski has said that the relations between Pakistan and... Published 26 Apr, 2024 04:15am
Taxes Fair market value of subsidiary firms shares: No increase in tax in presence of income from business LAHORE: The tax department could not increase tax in the notional fair market value of the subsidiary company/s... Published 26 Apr, 2024 04:15am
Number of cellular subscribers rises to 192.07m ISLAMABAD: The number of cellular subscribers increased from 191.46 million by end February to 192.07 million by end... Published 26 Apr, 2024 04:15am
FBR urged to allow all exporters to avail ST refund facility under FASTER system ISLAMABAD: The Pakistan Business Council (PBC) has strongly recommended the Federal Board of Revenue (FBR) to allow... Published 26 Apr, 2024 04:15am
Pakistan should outline strategies to secure robust economic future: World Bank official ISLAMABAD: The World Bank’s Global Director, Governance Global Practice, Equitable Growth, Finance, and... Published 26 Apr, 2024 04:15am
Taxes SRB seals restaurant, event management company for tax evasion KARACHI: The Sindh Revenue Board (SRB) on Thursday took strict action against tax evasion, sealing the premises of a... Published 26 Apr, 2024 04:15am
Taxes Retail volume sales of cigarettes fall after higher taxes ISLAMABAD: The retail volume sales of cigarettes were decreased in Pakistan due to higher taxes and awareness ... Published 26 Apr, 2024 04:15am
Money & Banking Dollar sags after US GDP and inflation surprise NEW YORK: The US dollar eased against most currencies on Thursday in tight seesaw trade after data showed the ... Published 26 Apr, 2024 04:15am
Money & Banking Indian rupee ends flat MUMBAI: The Indian rupee ended largely unchanged on Thursday, wedged between a decline in most of its Asian peers ... Published 26 Apr, 2024 04:15am
Money & Banking BAFL posts Rs9.912bn PAT in Q1 of 2024 KARACHI: The Board of Directors of Bank Alfalah Limited (BAFL), in its meeting held on April 24, 2024, approved the... Published 26 Apr, 2024 04:15am
‘Seed to Table’ project has ‘saved’ $2m KARACHI: The revolutionary “Seed To Table” project, launched by the National Foods Limited, has saved some $2... Published 26 Apr, 2024 04:15am
Money & Banking Faysal Bank unveils strong financial results for Q1’24 KARACHI: Faysal Bank Limited (FBL), one of the leading Islamic banks in Pakistan, continued with its growth stride... Published 26 Apr, 2024 04:15am
Industry Symposium on SENSREC organised KARACHI: Pakistan's ship recycling industry took a significant step forward on Thursday with the International... Published 26 Apr, 2024 04:15am
Industry SECP proposes amendments to General Takaful Accounting Regulations, 2019 ISLAMABAD: The Securities and Exchange Commission of Pakistan has proposed amendments to the General Takaful... Published 26 Apr, 2024 04:15am
Industry Upcoming JCC meeting under CPEC: Ministry discusses ongoing projects ISLAMABAD: The Ministry of Planning, Development and Special Initiatives discussed various development projects... Published 26 Apr, 2024 04:15am
Industry Ethiopian envoy visits LCCI, lauds ‘Look Africa’ policy LAHORE: Ambassador of Ethiopia Jemal Beker Abdula, while appreciating Look Africa and Engage Africa initiatives, has... Published 26 Apr, 2024 04:15am
Industry APM Terminals keen to enhance investment, operations in Pakistan ISLAMABAD: The APM Terminals company sees great potential in the Pakistani market and shows keen interest to enhance... Published 26 Apr, 2024 04:15am
Industry FPCCI welcomes direct Pakistan-Azerbaijan-Pakistan flights KARACHI: Atif Ikram Sheikh, President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has... Published 26 Apr, 2024 04:15am
Money & Banking ABL posts Rs11,364m PAT for quarter ended March 31, 2024 KARACHI: Allied Bank in line with its vision to become first-choice bank for the customers is focused to delivering... Published 26 Apr, 2024 04:15am
Companies DWP marks its Silver Jubilee LAHORE: DWP Group, a leading conglomerate in Pakistan, celebrated its 25th Silver Jubilee Anniversary on April 18,... Published 26 Apr, 2024 04:15am
Attachment of bank accounts of taxpayers: FBR orders sales tax/FED recovery only after approval by field committees