Business

Says budget FY20 sets direction for economic stabilisation

Reduces tax liability on inter-corporate dividends by amending Section 103C of IT Ord

Believes mills are hoarding sugar to raise prices artificially

Orders production ministry to immediately return recovered amount to exchequer

Board submits written response on petition challenging ordinance

Washington is set to announce new sanctions on Tehran

OPEC will meet on July 1-2 to discuss whether the oil output deal should be continued

Benchmark index decreases 1.9% to settle at 34,471.95

Loan from Gulf country to come in shape of deposits and direct investments

Facebook also announced plans last week to launch a new global cryptocurrency called Libra

Country should ensure development, otherwise, it will remain obsolete in technology

Country needs to devise realistic policy for enhancing food processing, value addition

Services-sector growth can help reduce deficit, alleviate poverty

NGO educating and helping people to declare assets
across Karachi

Analysts trace historical roots, talk about long-standing structural problems

Case is latest salvo in battle between US govt and Huawei

China hopes US will create necessary atmosphere for evenhanded dialogue

Insists the levy will assist in documentation of the industry

KSE-100 index closes lower by 448 points to settle at 35,125

Businessmen concerned as charges go up to Rs500 per goods declaration

Speakers say energy sector has suffered due to lack of vision

Fails to meet annual projection of $9.3b in foreign loans

Will pour capital into clean drinking water and sanitation system

World Bank has supported the idea of leaving the rupee free from state control

akistan was a preferred country due to its agricultural resources where lots of investment opportunities were emerging

Allows investors to legalise tax-evaded money at just 4% of property value

Increase comes due to rupee depreciation against dollar

Chinese official says trust deficit, lack of efficient payment system hamper e-commerce

Massive investment comes despite uncertain economic situation in country

Official says Pakistan has situation conducive for introducing electric vehicles

Metal becomes expensive following rise in world market that hit six-year high

Will support productivity by improving irrigation

Adviser says govt wants Chinese companies to form joint ventures

Finance ministry says govt committed to timely completion of action plan

Benchmark index increases 0.37% to settle at 35,125.25

Effectiveness of this move may be minimised as data has not been transformed to actionable information

Prices continue to spike on back of growing tensions in Middle East after Iran shot down US drone

Dawood expressed hope that balance quota for sugar export to China would be utilised to improve balance of trade

Brent crude, the global benchmark, was up $1.40 at $63.22 a barrel at 1035 GMT

The central bank said it will continue to closely monitor the situation

. The consumption of electricity by economic groups reveals that the domestic sector has been the largest user

Say it will discourage production, counter govt’s policy of boosting cotton trade

Companies will invest $13.6m over a period of three years

Will launch crackdown against people who have undeclared assets on July 1

Recommends fixing of exchange rate at Rs151 to a dollar, interest rate at 9%

Says final agreement reflects concessions that Pakistan won in negotiations

Govt gives 9 months to prize bond holders to convert their saving instruments

Benchmark index rises 0.98% to settle at 34,995.91

RTGS dollar has plunged 60% against US dollar since its introduction in Feb

Expectations of Fed slashing interest rates, drop in US crude stocks also lend support