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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 …

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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 …

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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 …

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Regulator to fine Discos for denying tariff relief

ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) is expected to impose a penalty on distribution companies of ex-Wapda for delaying relief in fuel-based tariff to consumers for two months when it takes up the case of Rs2.40 and Rs2.20 per unit cut in tariff next week. A Nepra official …

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KSE index surges by 1,140 points on SC ruling

KARACHI: The Supreme Court’s verdict in the Panama Papers case breathed new life into the stock market on Thursday as investors’ worst fears — prime minister’s disqualification — didn’t come true. After slight hesitation, Pakistan Stock Exchange’s benchmark 100-share index got off to a storming start on Thursday, extending the …

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Full-day report: Panama Case verdict boosts KSE-100 by 1,140 points

The Pakistan Stock Exchange has ended Thursday’s trading session on a positive note, with the benchmark KSE-100 index gaining 1,140 points, or 2.39 per cent, by the close of the trading session to reach 48,743.56. Following the Panama case verdict, the benchmark KSE-100 index reacted positively by momentarily surging more …

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KSE-100 surges 1,800 points after Panamagate case verdict

The benchmark KSE-100 index has reacted positively to the Panama case verdict, with the index surging more than 1,869 points in the moments following the verdict. Volumes surged as 126 million shares worth Rs12.46 billion were traded. However, the benchmark index could not maintain the full momentum and adjusted to …

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Current account deficit widened 2.6 times in July-March

KARACHI: The current account deficit for the first nine months of 2016-17 rose to $6.13 billion, which is 2.6 times higher than the deficit recorded a year ago. The deficit in July-March is double the negative current account balance recorded in 2015-16, the State Bank of Pakistan (SBP) reported on …

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Stocks notch biggest-ever intraday swing on eve of Panamagate verdict

KARACHI: The mood swings of investors at the Pakistan Stock Exchange (PSX) on Wednesday triggered what turned out to be the highest-ever intraday volatility since the inception of the benchmark KSE 100-share index back in the early nineties. With the announcement of the Panamagate case verdict due today, nervous investors …

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NHA awards Rs9bn contract under CPEC

ISLAMABAD: The National Highway Authority (NHA) on Wednesday awarded a contract of over Rs9 billion for the fifth and last section of the China-Pakistan Economic Corridor’s (CPEC) western route. Under the contract, a road from Rehmani Khel to Kot Belian (package 2A of section five) will be constructed. The approved …

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