Business News
-
Stocks rebound but head for worst Jan since 2016 | The Express Tribune
.
[ad_1] LONDON: Stocks staged a modest rebound on Monday as traders put aside concerns about interest rate rises and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month. The rise in European shares follows a late surge on Wall Street…
-
Coal deposits of 3b tons found in Thar | The Express Tribune
.
[ad_1] KARACHI: In a major development, the government of Sindh on Monday discovered 3 billion tons of coal deposits in the Thar region. In an announcement, Sindh Chief Minister Syed Murad Ali Shah congratulated the nation over the discovery of coal reserves in Tharparkar and said that it was the second biggest success of the…
-
Beating target, FBR collects Rs3.35tr | The Express Tribune
.
[ad_1] The Federal Board of Revenue (FBR) exceeded its seven-month tax collection target by Rs262 billion but missed the monthly goal for the second month in a row due to poor domestic sales tax collection and a slowdown in imports. Still, the FBR bagged nearly 53% of the total collection at the import stage, which…
-
Dutch dairy firm seeks government’s support for investment | The Express Tribune
.
[ad_1] ISLAMABAD: A Dutch multinational company is eyeing the proliferation of dairy industry in Pakistan and has sought government’s support to press ahead with its plan. In a meeting with Federal Minister for Finance and Revenue Shaukat Tarin on Monday, Royal FrieslandCampina Global CEO Hein Schumacher discussed some proposals in this regard. Acknowledging the business-friendly…
-
PM aide foresees record jump in textile exports | The Express Tribune
.
[ad_1] ISLAMABAD: The textile sector is supporting the country’s flailing economy as exports are set to jump to a record high after Pakistan gained an edge over South Asian rivals during the pandemic, said Adviser to Prime Minister on Commerce Abdul Razak Dawood. In an interview with an international news agency, the adviser said that…
-
Businessmen demand continuation of DDT scheme | The Express Tribune
.
[ad_1] LAHORE: Textile exporters of the country have demanded the continuation of Duty Drawback of Taxes (DDT) scheme to maintain the growth momentum of exports and uplift the economy. In a statement on Monday, Pakistan Textile Exporters Association (PTEA) Chairman Sohail Pasha termed growth in textile exports boon for the country’s economy. He added that…
-
ECNEC okays Karachi water project | The Express Tribune
.
[ad_1] ISLAMABAD: The federal government on Monday approved four mega infrastructure projects costing over Rs448 billion, including the Karachi Bulk Water Supply Scheme at 400% higher cost but with a reduced scope. Finance Minister Shaukat Tarin chaired a meeting of the Executive Committee of National Economic Council (Ecnec) that approved Karachi water supply, Kharian motorway…
-
UAE to introduce corporate tax next year: finance ministry
.
[ad_1] — AFP/File DUBAI: The United Arab Emirates will introduce a corporate tax from mid-2023, the finance ministry said Monday, in a major change of course as the country seeks to diversify its income. The Gulf financial centre, long known as a tax haven and the regional headquarters for a swathe of multinationals, will tax…
-
Oil rises on geopolitical risks, supply shortage | The Express Tribune
.
[ad_1] LONDON: Oil rose on Monday as a supply shortage and political tensions in Eastern Europe and the Middle East put prices on track for their biggest monthly gain in almost a year. Brent crude had risen $0.87, or 1%, to $90.90 a barrel by 1228 GMT. The front-month contract for March delivery expires later…
-
Market watch: Bulls stage comeback on positive triggers | The Express Tribune
.
[ad_1] KARACHI: Bulls staged a comeback at the Pakistan Stock Exchange on Monday, after a week of volatile trading, as the benchmark KSE-100 index registered a decent rally, starting the week on a positive note. Bullish sentiment prevailed throughout the day that kept the KSE-100 index in the positive territory. Trading activity received a major…
