SECP warns public about fraudulent investment platform
KARACHI: Securities and Exchange Commission of Pakistan (SECP) has identified an illegal investment/deposit-taking platform operating under name ‘SMARTPAYS’. Platform is being promoted through website, falsely claiming provision of subst...
KSE-100 gains 409pts on institutional buying
Karachi: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index gained 409 points to close at fresh record high. KSE-100 started session positive, hitting an intra-day high of 86,846.04, followed by late-session selling that trimmed some gains. At cl...
Stay course on reforms, IMF urges Pakistan
WASHINGTON: Jihad Azour Director Middle East and Central Asia Department (MCD) at International Monetary Fund (IMF), has emphasised importance of “Staying course” on reforms as Pakistan remains enrolled in 37-month, $ 7-billion Extended F...
26th amendment sets Jan 2028 deadline to abolish Riba
Islamabad: 26th Constitutional Amendment Bill, 2024 passed by Senate, has established deadline of January 1, 2028, for end of practice of Riba (interest-based banking) in country. Clause was included on recommendation of Jamiat Ulema-e-Islam-Fazl. To...
Gold hits Rs277,900 per tola
KARACHI: Yellow metal price maintained upward trajectory on Thursday in line with international rates. In local market, price of gold per tola increased by Rs 700, clocking in at Rs 277,900 per toal, which is latest record high in Pakistan. Similarl...
Rupee improves slightly against dollar
Karachi: Rupee recorded marginal improvement against dollar, appreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.79, gain of 0.05 paisa against greenback. Internationally, dollar held near an 11-week high on Thursda...
PSX: KSE-100 plunges 620pts on profit-taking
KARACHI: Pakistan Stock Exchange’s benchmark KSE-100 Index saw significant dip, losing 620 points due to profit-taking and closing below 86,000 mark. Session began on positive note, with index peaking at an intra-day high of 86,520.29, b...
Top luggage brands entering Pakistan market-sign of tourism boost: Turkish envoy
KARACHI: Cemal Sangu Consul General of Republic of Turkiye in Karachi has said that Pakistan is very rich in tourist attractions. It needs to point out places so tourist can visit but it is also very interesting that traveling products of all top br...
Aurangzeb discusses economic reforms, climate resilience with US envoy
ISLAMABAD: In a significant meeting between Finance Minister Muhammad Aurangzeb and US Ambassador Donald Blome, discussions centered on Pakistan’s ongoing macroeconomic reforms and the pressing challenges the nation faces. The meeting, held at...
IT, corporate tax rates required to be slashed: FBR Chief
ISLAMABAD: Chairman FBR Rashid Mahmood Langrial said that Income Tax and corporate tax rates required to be fixed and slashed. “It is wrong to collect tax for whole year and paying it for debt servicing,” he said. He said that there are s...
