Category Archives: Market

Business Community Requests Government to Release Refunds for SMEs

The Karachi Chamber of Commerce & Industry (KCCI) has urged the government to assist small businesses in these difficult times, with pending refunds from the Federal Bureau of Revenue (FBR) making trade a dismal affair. The Chairman Business Group, Zubair

Panther Tyres to Raise Rs. 3 Billion With IPO at PSX

Panther Tyres Pvt. Limited is planning to go for an Initial Public Offering (IPO) at the Pakistan Stock Exchange (PSX), aiming to raise an amount of Rs. 3 billion. The IPO is expected to take place in the next few

Pakistani Rupee Loses Big Against All Major Currencies Except US Dollar

The Pakistani Rupee (PKR) gained 10 paisas against the US Dollar (USD) in the interbank currency market on Wednesday following a loss of eight paisas on Tuesday and 19 paisas on Monday against the greenback. The PKR closed at Rs.

ECC approves reduction of Withholding Income Tax on commercial import of white sugar

Economic Coordination Committee has approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5 percent to 0.25 percent and removal of Value Added Sales Tax on import of white sugar. The approval was

Balochistan Gets Its First Investment Policy for Socio-Economic Development

A first-of-its-kind investment policy has been introduced in Balochistan to attract investments in various spectrums of socio-economic development. The Chief Executive Officer of the Balochistan Board of Investment and Trade, Farman Zarkoon, said in a statement on Monday that the

Rupee Loses Ground Against All Major Currencies

Pakistani Rupee lost 8 paisas against the US Dollar in the interbank currency market on Tuesday. This comes after a h19 paisa loss for PKR against the greenback on the opening day of the week. PKR closed at Rs. 160.60

Pakistan is one of the largest potential e-commerce markets: Dawood

Adviser to Prime Minister on Commerce and Investment, Abdul Razak Dawood says Pakistan is one of the largest potential e-commerce markets in the world. In a tweet on his official twitter account, he appreciated the e-commerce promoter ‘Bazaar Technologies’ on

Pakistani Rupee Opens the Week With Huge Gain Against the GBP

Pakistani Rupee lost 19 paisas against the US Dollar in the interbank currency market on Monday. This comes after the rupee closed with a 14 paisas loss against the USD on Friday, which was a turnaround over Thursday’s 16 paisas