Posts tagged as: Finance

KSE Stocks Fall Amidst Foreign Outflows and Rupee Weakens


Karachi Stock Exchange (KSE) again saw a negative trend because of investors getting cautious due to the recent foreign outflows. The 100-share index closed at 33,537.42, down by 261.38 points due to foreign outflows of more than $20 million earlier. “The market opened with a negative sentiment as more than $20 million foreign outflow was […]

Finance Minister Ishaq Dar gives 14 points for Pakistan’s Future Roadmap

Pakistan’s Finance Minister Mr. Ishaq Dar announced a “future roadmap” for the country, aiming to achieve more than seven percent growth in the next three years. While he was speaking at an international investment conference in the capital, Mr. Dar stated that improving the social and economic situation in the country and dealing with poverty […]

Federal Finance Minister Ishaq Dar Announces Tax Increases

The Federal Finance Minister Ishaq Dar, having negotiated new loans from international bodies like the International Monetary Fund and the World Bank, has announced the government’s plan to increase taxes. Mr. Dar, who has been on a four-day tour to the United States, addressed the media from a Pakistani embassy and stated that increase in […]

USA looks forward to make sanctions on Iran more stringent

The United States, who is striving to keep Iran from developing its nuclear programme, has decided to add up to its sanctions on the country that is already ailing from the financial and business sanctions. According to the press brief issued by the US state department, “One set of today’s actions targets Iran’s nuclear and […]

Iran ready to finance Pakistan gas pipeline – Pakistan oil and gas news

Iran ready to finance Pakistan gas pipeline – Pakistan oil and gas news  Iran is ready to finance the multibillion-dollar gas pipeline to Pakistan, who was detained for two years due to pressure from the West, the agency Fars News on Wednesday.  "Financial difficulties and obstacles in some Western countries has slowed construction of the […]

Pakistan expresses unswerving resolve to boost economic ties with Iran

Pakistan expresses unswerving resolve to boost economic ties with Iran Islamabad: (Tuesday, February 07, 2012) The Advisor to the Prime Minister on finance, Abdul Hafeez Shaikh said today that Pakistan was committed to boost its relations with Iran, particularly in the field of economy. Shaikh said this during an interview with the Islamic Republic NewsAgency […]

Hascol awards the implementation of Oracle’s JD Edwards EnterpriseOne ERP to Systems Limited

Hascol Petroleum Limited penned down a contract with Systems Limited for the implementation of Oracle’s JD Edwards EnterpriseOne Enterprise Resource Planning software. Both companies came down to agreeable terms last week for the implementation of the ERP at the offices of Hascol. The software specializes in Financial and Supply Chain management and efficiently automates the […]

SECP proposes reduction in corporate tax to the National Assembly – Part 1

The equity market regulator of Security and Exchange Commission of Pakistan sat before the National Assembly Standing Committee on Finance this Thursday. Securities and Exchange Commission of Pakistan (SECP) Chairman Muhammad Ali pleaded to the commission on behalf of the regulator handing out a proposal for reduction in corporate income tax from 35 per cent […]

SECP proposes reduction in corporate tax to the National Assembly – Part 2

The attempt to lower the corporate tax will encourage privately owned businesses to enter the corporate world, which would eventually help them flourish. These attempts will also encourage the companies to create jobs in Pakistan. Initially, the finance ministry and the FBR rejected the proposal stating that corporate tax is the major source of revenue […]

KSE-100 Index: Daily Overview – November 1

Failing to hold on to the bullish trend, the KSE-100 Index dropped 106 points to close at 11,763 points on Tuesday, November 1. Volumes dropped below the 100 million mark yet again with 84.4 million shares being traded in the first session of November. After gaining more than 550 points in the last two sessions, […]

KSE-100 Index: Daily Overview – October 26

KSE-100 Index: Daily Overview – October 26 The KSE-100 Index failed to sustain the 11,500 point barrier, shedding 130 points on Wednesday, October 26 to close at 11,387 points to reach the lowest level in the October. Although volumes showed improvement at 80.9 million shares, the sentiment remained negative throughout the session. FFBL announced its […]

KSE-100 Index: Daily Overview – October 25

After a rather long weekend, the KSE-100 index continued from where it left in the previous week, shredding 8 points to close at 11,517 points on Tuesday, October 25. Pakistan People Party’s former chairperson and wife of Zulfiqar Ali Bhutto, Begum Nusrat Bhutto, passed away on Sunday, October 23 in Dubai. The government, in respect, […]


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