According to sources, the visit will aim to conduct talks on a $1 billion additional loan facility to support Pakistan’s economic stability and growth. Sources revealed that the loan negotiations will focus on climate change mitigation efforts, building on Pakistan’s request for climate financing submitted to the IMF last month. As part of this initiative, […]
KSE-100 shed 282.88 points or 0.31 percent to settle at 92,021.44 points at the closing of the stock market, as against the previous day’s closing of 92,304.32. A total of 889.16 million shares were exchanged during the trading session at the PSX, compared with the previous day’s turnover of 752.66 million shares. Analysts at Topline […]
The bullish trend carried the Index to a historic high which closed at 91,938 points, gaining 1078 more points. The Index gained 1300 points at a time in trading and crossed 92,000 points level. The analysts said that the expected cut in the interest rate and better economic indicators have boosted the investors’ confidence. The […]
According to an FBR statement, this move comes after the Chairman FBR directed the speedy processing of refund payment orders up to September 30, 2024. Separately, the Federal Board of Revenue (FBR) launched an advanced Stock Register system via the Information Center 2.0 platform to provide officers with real-time, in-depth access to registered persons’ data, […]
According to details, the FBR jacked up the property valuation rates by 75% of the actual market rates starting November 1, 2024. This decision aims to enhance revenue collection and reduce the undervaluation of properties. The updated rates reflect the FBR’s commitment to align the property values with their real market worth, expanding the number […]
The price for 10 grams of gold also fell by Rs771 to Rs242,970, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). In the international market, gold was priced at $2,739 per ounce, down by $9 during the day, with an additional premium of $20. Meanwhile, silver prices remained stable at Rs3,350 per tola. […]
As per details, APTMA Chairman Kamran Arshad has urged the Monetary Policy Committee to reduce interest rates by 400 basis points, stating that the high interest rate is a barrier to growth in the textile sector. Kamran Arshad highlighted that the effective interest rate of 10.6% is unsustainable for the industry, and urged the need […]
He acknowledged the Bank’s role as a reliable partner in Pakistan’s progress and appreciated its financing in various sectors including energy, transportation, education, and health. Muhammad Aurangzeb lauded the Bank’s investment in the Mohmand Dam, along with other members of the Arab Coordination Group, as a model for co-financing similar or larger projects in the […]
More than 300 exhibitors from 30 countries will present their products to an international trade audience. Alongside major, established machinery, chemicals, textiles, and equipment manufacturers, many new companies from sectors such as robotics and IT will also be represented. 11 Pakistani companies, including A. Essak & Sons Home Textiles, Adamjee Textile Mills, Huqas Apparel, J.K. […]
According to the notification issued by the FBR, the sales tax on locally manufactured tractors has been raised from 10% to 14%, and the same increase applies to imported tractors. The Federal Board of Revenue (FBR) officials stated that certain sales tax exemptions for tractors have been reduced. While the sales tax has been adjusted […]
