By Salman Khan ISLAMABAD – Pakistan has deferred signing Free Trade Agreement (FTA) with Gulf Cooperation Council (GCC) as it wants ‘careful deliberation’ before taking any decision. Sources said that the matter was taken up by the cabinet in a recent meeting to approve signing of FTA with GCC countries. But the cabinet has deferred…
The Pakistani Rupee saw a modest decline against the US Dollar in the interbank market, closing at PKR 282.56 per dollar, marking a drop of 56 paisa or 0.20% compared to the previous day. Market data showed that the local currency traded within a narrow range during the session, with the bid rate peaking at…
Gold prices in Pakistan saw a notable jump on Thursday, tracking global trends and fluctuations in the currency market. According to the All Pakistan Sarafa Gems and Jewellers Association (APSGJA), the rate for 24-karat gold rose by Rs2,900 per tola, reaching Rs362,200. The price hike is being attributed to a rise in international gold rates…
The National Accountability Bureau (NAB) in Khyber Pakhtunkhwa has launched an inquiry into alleged financial irregularities linked to gold extraction contracts issued by the provincial Department of Minerals. Sources familiar with the investigation stated that records related to the contracts have been seized from the department. The contracts involve gold extraction from various locations, including…
Economic Policy & Business Development (EPBD) Chairman Gohar Ejaz gave full credit to Field Marshal Asim Munir for safeguarding the respect and honour of the business community from the draconian powers granted to the Federal Board of Revenue (FBR) in the Finance Act 2025. The FBR has issued a detailed procedure of investigation before any…
Staff Report ISLAMABAD: The Competition Commission of Pakistan (CCP) has received a total amount of PKR 90 million from two electronic home appliance brands, paid against the penalties imposed for engaging in anti-competitive conduct. The penalties were imposed after the CCP concluded that both companies had violated competition law by restricting their dealers from selling…
Sub body on Industrial Policy backs refunds within 72 hours Staff Report Islamabad: Industrial Policy Committees has proposed a corporate tax cut and backed a proposal to issue sales tax refunds within 72 hours. The sub committee has stressed the need for prompt processing of refunds and backed a proposal to issue sales tax refunds…
Staff Report Islamabad– As part of its enforcement mandate, the Securities and Exchange Commission of Pakistan (SECP) has filed a criminal complaint against the Company Secretary of a listed company, four of his close relatives, and a private limited company for alleged involvement in insider trading. The SECP launched an investigation under the Securities Act,…
News Desk KARACHI –The bullish momentum at the Pakistan Stock Exchange (PSX) continued on Thursday, as investor confidence remained high on the back of a stable economic outlook and strong corporate earnings. The benchmark KSE-100 Index jumped over 700 points during the opening session. By 10:50am, the index was trading at 145,814.78, up 726.29 points…
Staff Report Islamabad: The government’s spending on development projects under the Public Sector Development Programme (PSDP) has surpassed Rs1 trillion during the fiscal year 2024–25 — a historic milestone. Highlighting the government’s socio-economic development efforts, Prime Minister Shahbaz Sharif noted in a recent meeting that several quarters had been sceptical about the pace and level…
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