PSX closes week flat amid lack of triggersThe market remained volatile throughout the session Friday upon lack of triggers. Overall, KSE100 index gained 63 points to close at 39,306.5 points level. Activity improved today with 155 million sha...
Car importers unwilling to pay duty on imported cars in dollarsLocal car importers have expressed disappointment over the Commerce Division of government of Pakistan's decision to term payment of the duty and taxes on import of new/used vehicles in foreign exchan...
KCCI representatives meet State Minister for RevenueActing President Karachi Chamber of Commerce & Industry Khurram Shahzad, while referring to a meeting of KCCI's delegation with Minister of State for Revenue Hammad Azhar held in Islamabad. KCCI's...
K-Electric’s transmission network shows improvement: NEPRAThe reliability indicators of K-Electric's transmission network such as system frequency of interruption and system duration of interruption of K-Electric have shown significant improvement (6% and 31...
Current account deficit dropped by 4.4% in six months: finance ministry spokespersonThe spokesperson for the Ministry of Finance on Friday said the pressure on external account is decreasing and the current account deficit dropped by 4.4% in six months. Finance Ministry spokesperson...
Oil prices edge up as OPEC says its crude output fell sharply in DecemberUS oil prices inched higher on Friday after a report from the Organization of the Petroleum Exporting Countries showed its production fell sharply last month, easing fears about prolonged oversupply....
Withholding tax on cash transactions to be abolished for filers: revenue ministerMinister of State for Revenue Muhammad Hammad Azhar on Friday agreed to abolish withholding tax on cash transactions for filers of tax returns. The withholding tax on cash transactions of above Rs 50,...
Ageing Singapore: City-state helps firms retain workers past retirement ageMohsin Khan is still at his job repairing aircraft hydraulics parts although the Singaporean turns 75 in a couple of months. His technical skills are prized by his employer, and as his eyesight deteri...