Business

Business

Energy constraints risk to Pakistan’s recovery: WB

Islamabad: The World Bank on Tuesday said Pakistan’s economy is showing signs of sustained recovery, nevertheless energy constraints and weak…

5 Min Read

Profit-taking drags index further down

Karachi: The KSE-100 index slipped by 138.58 points, or 0.43 per cent, on Tuesday to close at 32,109.87. Investors’ interest…

2 Min Read

Merchandise exports fell by 13pc in March

Islamabad: Export of merchandise fell by 13.44 per cent to $1.932 billion during March 2015 from $2.232bn in the same…

3 Min Read

KCA alarmed over proposed sales tax

Karachi: The Karachi Cotton Association (KCA) has expressed concern over government plans to impose sales tax on cotton in budget…

2 Min Read

Dollar falls after US retail report disappoints

New York: The dollar weakened against other major currencies Tuesday after a US March retail sales report missed expectations, showing…

2 Min Read

IDR rises to 67pc in March

Karachi: Investment-to-deposit ratio (IDR) of banks in Pakistan increased to 67pc by the end of March from 59 per cent…

1 Min Read

WHT accounts for 65pc of Rs275bn IT collection

Islamabad: The easy-to-collect withholding tax continued to be the leading source (65 per cent) of the ‘income tax’ receipts during…

2 Min Read

IPPs to be charged $14 per mmbtu for LNG; CNG sector slams curbs

Islamabad: The Independent Power Producers (IPPs) would be charged a price of $14.02-15 per mmbtu for the Liquefied Natural Gas…

4 Min Read

KSE suffers 81pts loss; 100-index drops to 32270pts

Karachi: The Karachi Stock Exchange remained in bearish mood on first trading day as benchmark KSE 100-index fell 0.25 per…

1 Min Read