Pakistan Stock Exchange was bullish on Wednesday.The KSE-100 Index closed today at 35358.31 points as compared to 35277.46 points on the last working day with a positive change of 80.85 points.The total turnover was 308,484,510 as compared to 207,782,7...
Read More »Taxes and Regulations Are Major Hurdles For Startups in Pakistan: World Bank
Due to the current regulatory environment, it is not easy for entrepreneurs to do business in Pakistan. One of the biggest pain points for doing business currently is taxation.This was stated in a joint report of the World Bank (WB) and Invest2Innovate...
Read More »Shan Foods is Considering to Sell its Majority Stake: Report
Shan Foods is considering the sale of its majority stake that could value the Pakistani spice maker at about $250 million, reports Bloomberg.According to the report, the company is working with a financial adviser for the sale and has approached potent...
Read More »Government Slashes National Savings Profit Rates for Various Schemes
The government has reduced the profit rates on various National Savings' schemes, effective from November 1, 2019.According to a directive issued by the Central Directorate of National Savings (CDNS), Profit rates on the Defence Saving Certificate have...
Read More »These Indicators Show Govt’s Economic Policies Have Started Bearing Fruit: Hammad Azhar
The Federal Minister for Economic Affairs, Hammad Azhar, has said that the incumbent government's economic policies have started bearing fruit. It has not only uplifted the ailing economy but also virtually put it on a path of growth as clearly shown b...
Read More »Govt to upgrade Pakistan Refinery Limited with $1b cost
The government is planning to upgrade Pakistan Refinery Limited with an estimated cost of one billion dollar aims at achieving self-sufficiency in the refining sector and bringing down the oil import bill.Official sources told APP that we have offered ...
Read More »Cement sector reports 9.19% growth in October
The All Pakistan Cement Manufacture Association has said in its report that growth rate of the cement industry has increased by 9.19% in October 2019.It further said that the sale of cement was recorded 4.98 billion in October this year which was 4.564...
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