KSE-100 loses over 303pts on profit-taking
Karachi: Pakistan Stock Exchange (PSX) witnessed negative session as its benchmark KSE-100 Index failed to sustain bullish beginning and closed lower by over 300 points. KSE-100 started session positive, hitting an intra-day high of 76,209.97. Howev...
Belgium’s Ontex completes divestment of business in Pakistan
Karachi: Ontex Group NV, Belgian developer and producer of care products and solutions announced that it has completed divestment of its business in Pakistan to ASAIA Holding FZ. Transaction includes Ontex’s plant and business in Pakistan...
OPEC+ extends deep oil production cuts into 2025
OPEC+ agreed to extend most of its deep oil output cuts well into 2025 as group seeks to shore up market amid tepid demand growth, high interest rates and rising rival US production. Brent crude oil prices have been trading near $ 80 per barrel in r...
FPCCI advises small traders to pay taxes under Tajir Dost scheme
Karachi: FPCCI advised businesses to pay taxes and small traders should register themselves with FBR under Tajir Dost Scheme. Despite some initial teething problems, 22,000 small traders have registered under FBR-TDS so far. A meeting of small trade...
Pakistan Railways earns over Rs70bn till May 2024
ISLAMABAD: Pakistan Railways has achieved an unprecedented earning of over Rs 70 billion till month of May (FY 2023-24) despite facing financial crisis due to floods in monsoon season. “Department is expecting to generate revenues up to R...
FinMin vows to improve tax collection
ISLAMABAD: Minister for Finance Muhammad Aurangzeb reaffirmed government’s commitment to improve tax collection through Federal Board of Revenue’s ongoing efforts in digitisation. He was talking to regional head of Technology and Tax Mc K...
Pakistani delegation concludes 5-day business trip to Ethiopia on high note
ISLAMABAD: As many as 80 Pakistani businessmen, traders, investors and industrialists concluded their five-day business trip to Ethiopia on high note, writing new chapter in bilateral relations between two countries. During their stay, Pakistani bus...
Role of KPT-key in driving economic development: Gov Tessori
Karachi: Sindh Governor Kamran Tessori said that Karachi Port Trust is most important gateway of Pakistan. KPT’s role in promoting economic development is very key. He said that containerisation has transformed international trade and arrival o...
PSX stays bullish, gains 1,000 points
Karachi: Pakistan Stock Exchange (PSX) 100 index gaining 1,000.35 points, positive change of 1.34 percent, closed at 75,878.48 points against 74,878.12 points previous day. Total of 523,299,973 shares valuing Rs 20.574 billion were traded during day...
Aramco completes acquisition of 40pc stake in GO Pakistan
Karachi: Saudi Aramco, world’s largest integrated energy and Chemicals Company, has completed acquisition of 40 percent stake in Gas and Oil (GO) Pakistan, Saudi oil giant said in statement. GO, diversified downstream fuels, lubricants and conv...
