Karachi Interbank Offered Rate (KIBOR) rates for one-week to six-month tenors declined on Friday, indicating market expectations of further monetary easing.
KIBOR represents the average interest rate at which banks are willing to lend money to other banks.
According to the data provided by Arif Habib Limited (AHL), on a day-on-day...
Federal Board of Revenue (FBR) Member, Inland Revenue, (Operations) Dr Hamid Ateeq Sarwar said Thursday that International Monetary Fund (IMF) has linked abolition of four percent “further sales tax” on supplies to un-registered persons with sales tax registration of 50,000 persons.
Explaining the rationale of retaining four percent additional sales...
Minister of State for Finance, Bilal Azhar Kayani Thursday said the government will not amend Finance Act 2025 to further change definition of tax fraud or procedure for arrest, but the Federal Board of Revenue (FBR) will issue sales tax explanatory circular to address all concerns of the business...
The Pakistani rupee strengthened against the US dollar, appreciating 0.42% during the opening hours of trading in the inter-bank market on Friday.
At 10:30am, the currency was hovering at 283.03, a gain of Rs1.19.
On Thursday, the currency settled at 284.22.
Globally, the US dollar steadied near two-week lows on Friday, on track for its...
The Pakistan Stock Exchange (PSX) opened on a positive note, as investors cheered S&P Global’s upgrade of Pakistan’s sovereign credit rating to ‘B—’ from ‘CCC+’. The benchmark KSE-100 Index gained nearly 700 points during the opening minutes of trading on Friday.
At 10:05am, the benchmark index was hovering at 139,352.72 level, an...
Ministry of Commerce (MoC) has proposed massive changes in tariff structure of the country’s iron and steel industry aimed at increasing its utilization and extending support to domestic manufacturers and downstream industries, sources close to Secretary Commerce told Business Recorder.
Sharing the details, sources said that MoC, on January 3, 2025...
The State Bank of Pakistan (SBP) is expected to cut interest rates in its next Monetary Policy Committee (MPC) meeting scheduled for July 30.
A growing number of market participants believe a cut is likely, according to a poll by Topline Securities. The survey found that 56% now expect a 50 to 100 basis points...
The K-Electric (KE) after several years of delay has started payments of electricity duty amounting to Rs32 billion, it has collected from consumers through monthly bills, to the Sindh government.
As per the agreement, the power utility has agreed to pay Rs1.25 billion to the provincial government in two installments.
This...
The International Monetary Fund (IMF) has asked Pakistan to submit a comprehensive plan to eliminate the growing circular debt.
According to sources, the gas sector's circular debt has soared to Rs2,800 billion, causing severe financial strain on Sui gas companies and other state-run oil and gas entities. In response, the...
The stock market failed to sustain its record gains on Wednesday, retreating into the red as profit-taking and concerns over the delayed privatisation of state-owned enterprises (SOEs) weighed on investor sentiment.
The KSE-100 index closed at 139,254.36, down 165.26 points or 0.12pc, after hitting an intraday high of 140,202.18 and...
