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Pakistan’s bond rally may extend into 2024 contingent on another IMF bailout: Report
Karachi: Investors believe Pakistan’s dollar bonds will rally for second year as government is expected to secure another bailout from International Monetary Fund (IMF), reported Bloomberg. UBS Asset Management and William Blair Investment Mana...
LTO Karachi surpasses target of Rs1,221bn tax collection
KARACHI: Federal Board of Revenue (FBR) Large Taxpayer Office Karachi for first time crossed one trillion benchmark of half-yearly collection by incurring taxes amounting to Rs 1,221 billion during July to December 2023. In first six months of fiscal...
Continued growth: USD strengthens from previous day's advance
The US Dollar (USD) rose again on Wednesday after jumping the previous day, underpinned by elevated U.S. Treasury yields and a cautious turn that weighed on Wall Street. Trading was relatively subdued, with Japanese markets shut for a holiday and inv...
Gold prices surge in Pakistan
KARACHI: The per tola rate of 24 karat gold increased by Rs 1600 in the local marker on Tuesday. The price of 10 grams of 24 karat gold increased by Rs1600 to Rs221,300 in the domestic market, the All Sindh Sarafa Jewellers Association said. The pric...
FPCCI will be restored as real representative body: SM Tanveer
KARACHI: S. M. Tanveer Patron In-Chief of United Business Group (UBG) extends warm congratulations to all UBG members across Pakistan for monumental triumph achieved in FPCCI Elections 2024-25, marked by record-breaking historical margin. This victor...
OGRA increases LPG price
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Monday announced a significant increase in price of liquefied petroleum gas (LPG), effective from January 1, 2024. In a notification, the regulatory authority set the price of indigenous LPG a...
Interim CM Sindh, Minister discuss set up of Industrial Park in Steel Mills
Karachi: Caretaker Chief Minister Sindh Justice (retd) Maqbool Baqir and Minister for Commerce, Industry and Board of Investment Gohar Ijaz Khan held meeting at Chief Minister House in which they discussed need to establish more industrial parks in K...
NEPRA greenlights tariff hike for KE consumers
KARACHI: On the request of the caretaker government, the National Electric Power Regulatory Authority (NEPRA) on Friday approved the tariff hike to maintain the uniform electricity tariff across the country. According to the issued notification, the...
PSX soars with 2.86% gain
KARACHI: Just a day after witnessing the major drop, the Pakistan Stock Exchange (PSX) benchmark went up on Wednesday and closed on a bullish trend with a 2.86 percent increase compared to the previous closing day. As per the PSX market highlights, t...
Habib Sugar Mills says will buy back 15m shares
Karachi: Habib Sugar Mills Limited (HABSM) has decided to buy back up to 15,000,000 ordinary shares through bourse, it said in notice to Pakistan Stock Exchange (PSX). Company added that these shares, having face value of Rs 5 each, constitute up to...
