Saturday , 29 April 2017

Home / Business News (page 2)

Business News

Read Latest breaking Business News & updates about latest Business events & issues. Watch Business Videos News Headlines, Special Reports & Packages. Business News

Voluntary tax scheme: LHC wants to know about cabinet approval

LAHORE: The Lahore High Court on Wednesday directed the federal government to inform it whether cabinet’s approval had been accorded before the Voluntary Tax Compliance Scheme (VTCS) was passed by parliament in 2016. Earlier, Advocate Sheraz Zaka argued that the tax amnesty scheme should be declared discriminatory as it was …

Read More »

SECP approves first PE fund

KARACHI: The Securities and Exchange Commission of Pakistan (SECP) has approved the first private equity and venture capital fund worth $100 million under Private Funds Regulations 2015. Ijara Capital Partners Ltd, a private equity firm licensed by the SECP in October 2016, has been allowed to undertake private equity and …

Read More »

Wholesalers fear shortage of essential items

KARACHI: Wholesalers at Dandia Bazaar fear shortage of essential items and increase in prices as container trailers and trucks loaded with goods have been barred from entering the city after 11pm. “We have taken up the matter with Chief Secretary Sindh and Commissioner Karachi on Friday asking them to take …

Read More »

Dar seeks investment from US companies as economy picks up

ISLAMABAD: Pakistan is looking forward to working closely with the new US administration, Finance Minister Ishaq Dar said on Saturday in a keynote address at the Washington-based Heritage Foundation. He said Pakistan and the United States were long-standing friends with many shared interests, and they have worked closely to counter …

Read More »

Textile exporters fail to rise to the challenge despite incentives

KARACHI: Without producing even a single cotton flower, Bangladesh has left Pakistan far behind on the list of textile-exporting countries. Pakistan is the fourth largest cotton producer in the world while Bangladesh is one of the biggest textile exporters globally. Incentive-hungry textile exporters in Pakistan failed to fully utilise even …

Read More »

Panamagate verdict propels index by 2,132 points last week

KARACHI: The trading week that ended on Friday saw the KSE-100 index post staggering gains of 2,132 points or 4.5 per cent, which settled the benchmark at 49,709 points. The upsurge in the index represented the highest-ever gain in a single week, after Dec 9, 2016, and included the addition …

Read More »

Full-day report: Benchmark index surges nearly 1,000 points day after Panamagate verdict

After a strong resurgence in the immediate aftermath of the Supreme Court’s verdict on the Panamagate case, the Pakistan Stock Exchange saw the bulls rally for another charge on Friday to pull the index to 49,743 — the day’s high — at market close. KSE-100 volumes touched 159.07 million shares, …

Read More »

Auto, cement, pharma offer divergent views post Panama case verdict

KARACHI: The business leaders of auto, cement and pharma sectors gave a mixed reaction to the split decision by a five-member bench of the Supreme Court on the Panama Papers case. Some were not happy with the verdict while others claimed that it will bode well for the economy. They …

Read More »

Trade associations see stability after Panamagate verdict

KARACHI: The leaders of major trade associations heaved a sigh of relief at the Supreme Court’s verdict. They said it cleared the clouds of uncertainty that was causing an adverse impact on business activities for the past few weeks. Talking to Dawn, most businessmen sounded happy over the outcome. A …

Read More »

FCA discusses cost of agri production

ISLAMABAD: The Federal Committee on Agriculture (FCA) in a meeting on Thursday discussed the imposition of general sales tax (GST) and duties on agricultural inputs, terming these as key factors resulting in increasing the cost of production. FCA discussed the duty structure on inputs and measures that would help the …

Read More »
Show Buttons
Hide Buttons