Business
AGP Flags Salary-Driven Rise in Tax Burden
The Auditor General of Pakistan (AGP) has revealed that a sharp rise in withholding tax collection during FY24 was primarily driven by higher deductions on salaried…
Business
Business
Audit Flags Rs9.4bn Loss from PIA Concessions
An audit report has revealed that Pakistan International Airlines (PIA) caused a financial loss of Rs 9.43 billion by distributing free and heavily discounted tickets between…
Business
Deadline Looms as FBR Warns Tax Evaders
The Federal Board of Revenue (FBR) has reminded taxpayers that September 30 is the final date for filing income tax returns, urging individuals and businesses to…
Business
KSE-100 Nears Record Amid Strong Sector Demand
The Pakistan Stock Exchange (PSX) began the week on a bullish note, with the benchmark KSE-100 Index advancing more than 500 points in early trade on…
Currency Rate
PKR to Dollar Continues Momentum
The Pakistani rupee continued to maintain its momentum against the US dollar with marginal appreciation in the inter-bank market on Monday. Pakistani rupee against dollar trading…
Gold Rate
Per Tola Gold Rate in Pakistan Increased by Rs 1700
Per tola gold prices in Pakistan on Saturday gained and jumped up by Rs 1700 to Rs 390,300 in the local market in line with fluctuation…
Business
Mughal Steels Reports Rs 440M Profit 4QFY25
MUGHAL announced its 4QFY25 result today, where the company recorded consolidated profit of Rs440mn (EPS of Rs1.31), down by 28% YoY, while up 94% QoQ. The…
Business
Pakistan Shelves Mini-budget after IMF Concerns
Amid mounting fiscal challenges, Pakistan has abandoned plans for a mini-budget, choosing instead to strengthen enforcement of existing tax laws while seeking IMF relief. Officials said…
Business
Global Stimulus Hopes Lift Asia, PSX Joins Rally
The Pakistan Stock Exchange (PSX) entered Friday on a positive note, building on its recent gains as global markets benefitted from widespread monetary easing. By 9:35am,…
Business
Jaffer, SECMC, Komatsu unite to drive energy security
Jaffer Brothers (Pvt.) Limited (JBL), in collaboration with Sindh Engro Coal Mining Company (SECMC) and Komatsu Limited, celebrated a major milestone with the delivery and deployment…
