KSE-100 loses 1,085 points on worries higher borrowing costs may hit corporate profits KARACHI: The Pakistan Stock Exchange (PSX) ended Tuesday’s session on a negative note as a 100-basis-point policy rate hike weighed on investor sentiment, who were worried that the central bank’s monetary tightening would dent business activities. During the trading session, the benchmark…
Says Pakistan and China should deepen collaboration in construction machinery, digital manufacturing, energy sectors President Asif Ali Zardari on Sunday underscored the need to promote industrial technology, skills development and joint ventures with China, saying such partnerships could significantly support Pakistan’s infrastructure and industrial growth. The president, who is on a week-long visit to China’s…
Selling hits banking, fertilisers, oil and gas stocks, KSE-100 hovers near 167,000, down 1.19% at midday KARACHI: The Pakistan Stock Exchange (PSX) remained under the hammer during Friday’s early trading as geopolitical tremors continued to fuel panic selling, eroding the benchmark KSE-100 Index by over 2,000 points by midday. After plunging nearly 2,400 points in…
FAISALABAD: The Regional Tax Office (RTO) Faisalabad has intensified efforts to broaden the tax base by targeting retailers, wholesalers, distributors and traders amid a slowdown in export-related collections and stagnant import tax revenues, officials said. Chief Commissioner RTO Dr Shah Khan, while speaking to media representatives, said the authority is working to achieve an annual…