Business

Business

Stocks tumble 326 points on media reports of political turmoil

Stocks suffered heavy declines on Tuesday as the KSE-100 index plunged by 326.44 points or 1.10 per cent to close…

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Finance minister gives concessions

After suffering opposition brickbats for a week, Finance Minister Ishaq Dar agreed in the National Assembly on Tuesday to give…

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Cartelisation in steel industry feared

Pakistan Steel Re-rolling Mills Association (PSRMA) has shown its concern over the hike in steel prices by local billet manufacturers.…

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EU to work with S. Korea in global 5G race

The European Union is teaming up with South Korea for joint research for the next generation of mobile broadband technology,…

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Gradual increase in GIDC under consideration

The government is considering a gradual increase in the Gas Infrastructure Deve­lopment Cess (GIDC) rates instead of 200 per cent…

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Cotton trading fails to revive

Trading activity on the cotton market failed to pick up as buyers remained on the sidelines yesterday. Floor brokers said…

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Over Rs7 billion allocated for “poor-friendly” schemes: Siraj

Khyber Pakhtunkhwa Minister for Finance Sirajul Haq said here on Sunday that provincial government presented a poor-friendly and austerity-oriented budget…

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Recovery of Rs35bn from consumers: Nepra rejects requests

In an apparent snub to the government, the National Electric Power Regulatory Authority (Nepra) has rejected requests by power distribution…

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Luxury tax to help broaden net, says Punjab finance minister

Punjab Minister for Finance Mujtaba Shujaur Rehman is optimistic that the levy on big houses and luxury vehicles will broaden…

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