PSX surges over 1,400 points in early trading

KARACHI: The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 1,400 points in midday trading, reflecting positive investor sentiment amid ongoing market optimism. As of midday, the KSE-100 Index stood at 185,514.10 points, up 1,464 points or 0.8 percent from the previous close of 184,050.10. The…

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Budget tax changes come into force

Revised tax measures came into force with the implementation of the new federal budget ISLAMABAD: Implementation of the federal government’s newly announced budget has begun, bringing revised income tax and super tax measures for individuals and companies into effect. Under the new tax regime, the existing income tax rate is retained for individuals earning up…

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Privatisation body extends deadline for EOIs

ISLAMABAD: The Privatisation Commission has extended the deadline for the submission of Expressions of Interest (EOIs) for the privatisation of Faisalabad Electric Supply Company (Fesco) and Gujranwala Electric Power Company (Gepco) under the batch-I DISCOs sell-off programme. The revised deadlines are August 7 for Fesco and August 21 for Gepco, said a press release issued…

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Qatar-gifted Air Force One takes to the air

. US President Donald Trump speaks with reporters before boarding the new Air Force One, a plane gifted by the Qatari government, at Joint Base Andrews, Maryland. Photo: REUTERS WASHINGTON: US President Donald Trump said on Wednesday he was thrilled to make his first flight aboard his new Air Force One plane, thanking Qatar for…

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