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Web Desk
Mar 18, 2024

PSX closes with negligible gains after fluctuating all morning

The Pakistan Stock Exchange (PSX) wrapped up the day with 74 points gain at 64,890.50 points, after touching the highest of the day at 65,148.36 points and lowest at 64,811.92 points, the index closed .

Business

Web Desk
Mar 18, 2024

Punjab government to present Rs 5 trillion budget today

This budget will reportedly include allocations covering eight months of expenditure under the caretaker government and provisions for the following three months under the newly elected administration.

Business

Web Desk
Mar 18, 2024

SBP to decide new monetary policy today; inflation, exports in focus

Ahead of the MPC session, voices within the export sector, alongside representatives from the Federation Chamber of Commerce and Industry and Karachi Chamber of Commerce and Industry, are advocating for a reduction in the interest rate.

Business

Web Desk
Mar 18, 2024

Stock Market opens with expectations of new monetary policy today

The Monetary Policy Committee (MPC) of the State Bank of Pakistan (SBP) will meet today, amidst mixed expectations of decline in interest rates or unchanged monetary policy.

Business

Web Desk
Mar 17, 2024

Pakistan assures IMF to expedite work on privatisation programme

According to sources in the Ministry of Finance, the federal government has prepared a plan to get rid of the electricity distribution companies through privatisation

Business

Web Desk
Mar 17, 2024

SSGC seeks further gas price hike

Sources said that the SSGC has submitted a request to OGRA seeking a further hike of Rs274.40 per MMBTU, retrospectively from July 1, 2024

Business

Web Desk
Mar 17, 2024

CDWP approves Rs 4.54 billion energy sector project for Gwadar

The CDWP meeting, led by Deputy Chairman of the Planning Commission, Mohammad Jehanzeb Khan, sanctioned the energy project for Gwadar along with another initiative in the Khyber Pakhtunkhwa province.

Business

Web Desk
Mar 17, 2024

SBP’s dilemma: to cut or not to cut interest rates

Risks to a cautious approach include delays in IMF fund releases, potential demands for additional tax measures to meet revenue targets, and pressure on the rupee against the US dollar.

Business

Web Desk
Mar 16, 2024

CDA revises property tax rates across Islamabad to boost revenue

The Capital Development Authority (CDA) has recently implemented significant changes to property tax regulations in Islamabad, aiming to bolster revenue generation across the entire city.

Business

Web Desk Shahzad Paracha
Mar 16, 2024

IMF calls for streamlining business registration in Pakistan

The International Monetary Fund (IMF) has urged Pakistan to adopt a unified turnover-based registration threshold for all businesses, signalling a significant shift in the country’s fiscal policy.