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Tag Archives: 1

Customs valuation rate on import of 1,800cc vehicles increased

KARACHI: The Direc­torate of Customs Valuation has increased the customs valuation rate on import of 1,800cc and above vehicles ahead of federal budget 2017-18. All Pakistan Motor Dealers Association (APMDA) Chairman H.M. Shehzad said the decision would raise the duty of such vehicles by Rs200,000 to Rs1.5 million depending on …

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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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Bitcoin jumps above $1,000 for first time in three years

Digital currency bitcoin kicked off the new year by jumping above $1,000 for the first time in three years late on Sunday, having outperformed all central-bank-issued currencies with a 125 per cent climb in 2016. Bitcoin a web based “cryptocurrency” that has no central authority, relying instead on thousands of …

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Turkey arrests 1,656 social media users since summer

Turkish authorities have formally arrested 1,656 people in the past six months for allegedly supporting terrorist organisations or insulting officials on social media, and are investigating at least 10,000 others, the Interior Ministry said Saturday. In a statement it said legal action had been taken against 3,710 people identified by …

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Carbon emissions to increase to 1,603m tons by 2030’

ISLAMABAD: Minister for Climate Change, Zahid Hamid on Tuesday said that he had told the Conference of Parties (CoPs) on climate change that Pakistan’s emissions were expected to increase from 405 million tons of carbon released a year to 1, 603 million tons by 2030. He was talking to media …

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