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Investor confidence was boosted by a slew of positive triggers on Monday, which resulted in the benchmark KSE-100 Index rising 2.01 percent. The KSE-100 has rebounded after a ‘super tax’ was imposed on 13 sectors by the government on Friday, which resulted in a drop of 1,665.18 points or 3.9 percent on the KSE-100 index. […]

There was an immediate backlash in the Pakistan Stock Exchange (PSX) after Prime Minister Shehbaz Sharif held a press conference, saying that the government will implement a hefty ‘super tax’ of 10pc on significant enterprises. In less than 20 minutes, the PSX plummeted after dropping 1,598 points to 41,100 at 11:40am., the KSE index took […]

Acting President of the FPCCI, Shabbir Mansha, has strongly opposed putting a 10pc super tax on large industries, which already pay a high corporate tax of 29pc and make millions of jobs in the country. He also said that no country in the world could charge 39pc tax to corporations and still keep the economy […]

Shabbir Mansha, Acting President of FPCCI, has welcomed the near-certain resumption of the International Monetary Fund (IMF)’s Extended Fund Facility (EFF) program for Pakistan with cautious optimism as it may unlock the stabilization of the exchange rate and pave the way for major external funding programs for the fiscal year 2022 – 23 from the […]

FPCCI acting president Shabbir Mansha has expressed his profound concerns about the glaring anomalies in the federal budget for 2022-23. We have noticed anomalies in custom duties, regularity duties, income tax, and sales tax, he added. Mr. Shabbir Mansha noted that a turnover tax of 1.25pc for traders, distributors, and dealers is unbearable as profit […]

In a tumultuous session, the Pakistan Stock Exchange (PSX) saw the KSE-100 index rise in the morning, then fall back to close the day 0.16pc lower. The index ended the day down 67.81 points at 42,458.14. The IMF’s $6b bailout package was revived early on, according to early morning stock picks by investors. After it […]

The Pakistan Stock Exchange (PSX) saw investors take profits in the opening trading session of the week, resulting in a weaker KSE-100 Index. A large drop was also seen in the volume and value of shares traded. The rupee lost Rs1.21 or 0.58pc to close at 209.96 to the dollar as the IMF rescue programme […]

The International Monetary Fund (IMF) expressed dissatisfaction with the proposed government budget for the 2022-2023 fiscal year, which caused the Pakistan Stock Exchange (PSX) to commence the week on a sour tone and see a bloodbath. Because of this, the market dropped by 1,135pts from the previous day’s close. During the course of the week, […]