Business
Business
Bank assets dip
The government raised Rs61.683bn from the auction of Pakistan Investment Bonds of various tenors last Wednesday. Of the total, three-year…
Allied Bank creating room for expansion
With its core business sailing smoothly, Allied Bank appears to be now gearing to invest in technological and infrastructure upgrades…
Proposal to tax remittances from abroad turned down
Islamabad: Finance Minister Ishaq Dar turned down on Friday a proposal by the country’s top taxman to tax remittances. “There…
114 firms not paying dividend despite earning profit
Karachi: Out of 562 listed companies, 246 paid dividends to their shareholders while as many as 114 did not despite…
Car imports surge 35pc to $218.4m
Karachi: The import of cars (over 90 per cent of them used) jumped by 35pc to $218.4 million during the…
Govt to tax remittances, cut customs tariff slabs to three in budget
Islamabad: Having legally secured Rs145 billion Gas Infrastructure Development Cess (GIDC), the government has announced to expand the scope of…
Power sector subsidy reduced by Rs250bn
Islamabad: The government made on Thursday a financial adjustment of more than Rs250 billion by deciding to reduce power sector…
Dollar rises on soaring demand
Karachi: The US dollar rose to as high as Rs103.35 in the open market on Thursday, as buying from the…
Trading in new crop begins
Karachi: Trading in new crop cotton started on the cotton market on Wednesday as buyers entered into future deliveries with…