Business

Business

Govt to weed out old currency notes

The State Bank issued a new banknotes series which started with the issuance of Rs20 denomination banknote in 2005 to…

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Stocks extend losses amid foreign buying

Karachi: The stock market remained range-bound on Wednesday, as the KSE-100 index declined marginally for the second day by 34.30…

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Pak-Saudi Chamber, Smeda sign deal

Lahore : The Small and Medium Enterprises Development Authority (Smeda) and the Pak-Saudi Joint Chamber of Commerce and Industry (PSJCCI)…

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Foreign investment falls in negative territory

Karachi: The foreign direct investment (FDI) fell to negative $7 million in May compared to $612m in the same month…

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Setting up of 1,400MW coal-based power project in Thar approved

Islamabad: The government on Tuesday approved 1,400MW power project to be set up on Thar coal by the Shanghai Electric…

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Amount for Zakat deduction fixed at Rs33,641

Islamabad: The State Bank of Pakistan on Tuesday fixed Rs33,641 as the minimum amount for deduction of Zakat on bank…

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Arab world’s biggest bourse opens to foreigners

Riyadh: Saudi Arabia’s stock exchange allowed foreign investors to trade shares for the first time on Monday, boosting efforts by…

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Pakistan’s stand on death penalty to hurt investment, says Germany

Karachi : Germany asked Pakistan on Friday to rethink its stand on death penalty as it would affect both investment…

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Internet escapes tax net

Lahore: The Punjab government on Friday withdrew tax on internet services apparently on ‘pressure of social media’. Hundreds of websites…

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