Global trends show that listing a family-owned conglomerate allows original sponsors to smoothly cede control to professional management. This institutionalisation protects solid businesses from failing. photo: file KARACHI: The record-breaking, Rs5.8 billion and five-second subscription of the Service Long March (SLM) Tyres’ 75% share in the IPO highlights the massive pent-up demand for quality corporate…
KSE-100 surges past 170,000 intraday on strong institutional buying, easing geopolitical tensions KARACHI: The Pakistan Stock Exchange (PSX) extended strong bullish momentum on Monday as the benchmark KSE-100 Index hovered around 170,423.30 points at 1:24pm, up 2,579.06 points or 1.54% in intraday trade. During the session, the benchmark index touched an intraday high of 171,519.26…
Ownership dispute remains pending while future of historic structure stays uncertain RAWALPINDI: A 200-year-old historic building located at Committee Chowk on Murree Road, opposite the shrine of Talian Shah, has been vacated by the education department after more than six decades, reviving speculation over a major commercial redevelopment plan allegedly backed by one of Rawalpindi’s…
Open competition forces firms to invest in productivity and innovation, not rent-seeking KARACHI: As the announcement of the budget for the upcoming fiscal year, FY27, draws near, lobbies and special interest groups representing their respective industries and trade associations make a push for favourable fiscal policies to policymakers. Although the main focus is to lower…
Kuala Lumpur will initiate proceedings once lawyers complete collection of information, supporting evidence The Malaysian government is prepared to take Israel to the International Court of Justice (ICJ) over the alleged kidnapping and torture of activists from the Gaza-bound Global Sumud humanitarian aid flotilla, local media reported Monday. Amirudin Shari, Chief Minister of the Malaysian…
Sharif says Pakistan played ‘very sincere role’ in US-Iran mediation efforts, reaffirms commitment to regional peace Prime Minister Shehbaz Sharif with his Chinese counterpart Li Qiang at the Great Hall of the People in Beijing. PHOTO: PMO Prime Minister Shehbaz Sharif and his Chinese counterpart Li Qiang, in Beijing on Monday, agreed to accelerate the…
While Pakistan can continue reforming its tariff regime over the coming years before pursuing major bilateral agreements, it cannot afford to ignore regional developments. photo:file ISLAMABAD: The summit meeting between President Donald Trump and President Xi Jinping was overshadowed by rising tensions in the Middle East, yet trade issues remained high on the agenda. While…
Initial reports suggest accident occurred due to alleged negligence and reckless driving by the van driver At least 16 people were killed and seven others injured in a tragic traffic accident on the Swat Expressway. PHOTO: EXPRESS RAWALPINDI: At least 16 people were killed and six others injured in a traffic accident on the Swat…
Security forces rescue academics, officials from Kardgap area 12 days after kidnapping QUETTA: The vice chancellor of Gwadar University, along with three others abducted 12 days ago near Mastung’s Khad Kocha area, was safely recovered during a security operation on Sunday. According to security sources, VC Dr Abdul Razzaq Sabir, Pro-VC Dr Syed Manzoor Ahmed,…
Behavioural fixes like pre-filled returns and ring-fenced funds could boost compliance Research conducted by Australia’s tax authorities revealed that the first communication a new taxpayer receives affects their long-run compliance behaviour. photo: file ISLAMABAD: Pakistan’s tax-to-GDP ratio has remained around 9% to 10% for several decades now – a figure that is alarmingly low for…