Oil rises on Red Sea jitters, Russian export cut
LONDON: Oil rises on Red Sea jitters, Russian export cut Oil prices climbed on Monday, buoyed by heightened tensions in the Red Sea following attacks by the Houthis on ships,…
Navigating the Tax Landscape: Stakeholders Express Concerns Over Recent Proposal
KARACHI: The proposal for doubling tax collection from business individuals and salaried person will hurt the middle and upper middle income groups. Ateeq ur Rehman, an economic and financial analyst,…
Pakistan’s current account posts surplus of $9mn in November
In October 2023, Pakistan experienced a noteworthy surplus in its current account, signaling a positive shift attributed to a notable surge in exports and remittances, coupled with a slight decrease…
Israel-Qatar meet, raising prospects of Gaza hostage talks
Israel’s offensive has killed close to 19,000 people, according to Gaza health authorities, and left thousands buried in the rubble CAIRO/GAZA/OCCUPIED JERUSALEM: Israel appeared to confirm that new negotiations were…
SBP chief urges banks to increase presence in agriculture sector
Governor of State Bank of Pakistan (SBP) Jameel Ahmad urged banks to ensure easy, timely and hassle-free access of farmers to all financial services. In a recent statement from the…
FBL pioneers Braille inclusive hiring forms for PWDs
KARACHI: Faysal Bank Limited (FBL) and Boltay Huroof marked the International Day of Persons with Disabilities (PWDs) by pioneering Braille inclusive hiring forms. At a prestigious event hosted at FBL,…
Karachi Stock Exchange Experience Significant Drawdown
Karachi Stock Exchange Turns Red as Profit-Taking Dominates After a Promising Start This passage provides a detailed overview of the financial performance of the Pakistan Stock Exchange, particularly the KSE-100…
Banks facing challenges as KSE-100 experiences a slowdown
The banking sector felt the heat at the Pakistan Stock Exchange (PSX) as the KSE-100 Index shed more than 900 points due to profit-taking in Monday’s intra-day trading. Around 11:15…
BIG BREAKING! RBI Cautions against unauthorised campaigns on Loan waiver
The Reserve Bank of India (RBI) has issued a stern warning against deceptive advertisements luring borrowers with false promises of loan waiver. These misleading campaigns, widely disseminated through print and…
FBR Urges Integrated Suppliers to Report All Store Locations through Digital System
ISLAMABAD: The Federal Board of Revenue (FBR) has introduced a compulsory requirement for integrated suppliers, mandating the declaration of all their outlets through the computerized system. Additionally, each point of…