Business News
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Latest petrol price in Pakistan
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[ad_1] — AFP/File ISLAMABAD: The federal government Saturday decided to keep the prices of petroleum products unchanged for the first half of May, a notification in this regard said. The notification from the Finance Divison said Prime Minister Shehbaz Sharif…
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Power-hungry India boosts coal output | The Express Tribune
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[ad_1] CHENNAI: India has boosted the output of coal and cancelled passenger trains to free up rail track to move it, officials said, as the government scrambles to overcome its worst power crisis in years. State-run Coal India, which accounts…
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Oil industry’s PDC to swell by Rs40b | The Express Tribune
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[ad_1] ISLAMABAD: The decision to freeze petroleum product prices is going to add another Rs40 billion to price differential claims (PDC) – the cost of subsidy provided for oil consumers. The government has decided to keep oil prices unchanged for…
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PSX posts record high profit of Rs320b | The Express Tribune
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[ad_1] KARACHI: Top 100 companies listed at Pakistan Stock Exchange (PSX) have cumulatively posted a record high profit of Rs320 billion in the quarter ended March 31, 2022 on the back of sharp increase in commodity prices and a notable…
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FBR collects Rs4.86tr in taxes | The Express Tribune
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[ad_1] ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs4.86 trillion in taxes during the first 10 months of current fiscal year, leaving itself with a task to collect another Rs1.24 trillion in just two months to achieve the…
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Shanghai factories scramble to reopen | The Express Tribune
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[ad_1] SHANGHAI: Companies reopening factories in locked-down Shanghai are booking hotel rooms to house workers and turning vacant workshops into on-site isolation facilities as authorities urge them to resume work while complying with tough Covid-19 curbs. Hundreds of companies including…
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HSBC’s top shareholder calls for bank’s break-up | The Express Tribune
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[ad_1] LONDON/SINGAPORE: HSBC Holdings’ largest shareholder, Chinese insurance giant Ping An, has called for a break-up of the London-based bank, a source familiar with the matter said on Friday. Ping An has set out its plan to split the company…
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ICCI demands single sales tax return | The Express Tribune
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[ad_1] ISLAMABAD: The government should assign the task of sales tax collection across the country to the Federal Board of Revenue (FBR), demanded Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir. Talking to the business community, he…
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No further hike in edible oil prices | The Express Tribune
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[ad_1] KARACHI: The PML-N coalition government has assured no further hike in edible oil prices in the local market despite one of the two leading oil producing and exporting countries Indonesia has placed a temporary ban on exports of the…
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SPI increases 0.43% | The Express Tribune
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[ad_1] The Sensitive Price Indicator (SPI) for the week ended April 28, 2022 registered an increase of 0.43% for the combined income group, going up from 171.05 points during the week ended April 21, 2022 to 171.78 points in the…
