BMA accuses BMG of rigging KCCI elections with illegal tactics
KARACHI: In the Karachi Chamber of Commerce and Industry (KCCI) elections for 2024-26, the ruling Businessmen Group (BMG) is accused of using illegal tactics to rig the vote. Despite these allegations, the Businessmen Alliance (BMA) remains confident...
FBR announces Tax Card for salary class employees
KARACHI: In move to provide tax relief to salaried class, Federal Board of Revenue (FBR) has issued new tax card, applicable for tax year 2024-25. Offering relief to low-income earners, FBR stated that individuals with annual earnings up to Rs 600,0...
Country seeks $1.7bn loan from global institutions to pave way for IMF accord
ISLAMABAD: Pakistan has requested loan of $ 1.75 billion from Islamic Trade Finance Corporation (ITFC), Islamic Development Bank (IDB) and Standard Chartered Bank. Sources revealed that loan had been sought for commodity and commercial purposes...
Gold price increases by Rs2,000/tola to Rs 262,100/tola
KARACHI: Gold prices rose in line with an increase in international rates. In local market, price of gold per tola gained Rs 2,000, clocking in at Rs 262,100 per tola Ten gram gold was sold at Rs 224,708 after it registered an increase o...
Domestic unit sheds value against dollar
KARACHI: Rupee registered marginal decline against dollar, depreciating 0.03 percent in interbank market. At close, domestic unit settled at 278.77, loss of 0.07 paisa against dollar. In open market, dollar changed hand to around Rs 279 for buying a...
Over 860,000 Pakistanis sent abroad for employment, NA told
ISLAMABAD: Parliamentary Secretary for Overseas Pakistanis and Human Resource Development Ehsan Ul Haq Bajwa informed National Assembly that government has sent 860,000 Pakistanis abroad in 2023 for employment. In response to calling attention...
KCCI demands up to 500bps cut in policy rate
KARACHI: Karachi Chamber of Commerce and Industry (KCCI) demanded upto 500 basis point system cut in policy rate. Zubair Motiwala Businessmen Group leader has urged authorities to cut markup rate down to 14.5 percent from current 19.5 percent interes...
Govt fails to get $7bn loan approval deadline from IMF
ISLAMABAD: Virtual discussions between officials from Finance Ministry and International Monetary Fund (IMF) mission took place, focusing on critical issues of external financing and revenue generation. Despite ongoing negotiations, no deadlin...
KSE-10 closes green on oil, gas
KARACHI: Pakistan Stock Exchange (PSX) witnessed bullish sentiment as its benchmark KSE-100 rallied 492 points. KSE-100 started session with buying spree, hitting an intra-day high of 78,890.79 in first half and bulls managed to maintain their grip t...
Stocks gain remains thin in volatile session
KARACHI: Pakistan Stock Exchange's benchmark KSE-100 Index ended with fractional gain, following roller-coaster ride with several ups and downs amid lack of positive triggers. -100 swayed in both directions since start of session, touching an intra-d...
