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Historic leap as PSX surges to all-time high of 81,518 points | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) surged to new heights, gaining 362 points to reach an all-time high of 81,518 points. This remarkable 0.44% increase from the previous close of 81,156 points showcases a bullish momentum in the market. A week earlier, the PSX shattered all previous records to reach the historic 81,000-point mark, an…
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ADB forecasts high inflation for Pakistan in current fiscal year | The Express Tribune
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[ad_1] The Asian Development Bank (ADB) has predicted that inflation in Pakistan will remain high in the current fiscal year. The bank’s latest Asian Development Outlook report raised its economic growth forecast for developing Asia and the Pacific from 4.9% to 5%, but Pakistan faced a more challenging outlook. The ADB forecast that Pakistan’s inflation rate, which had…
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PSX shatters records with all-time high of 81,295 points | The Express Tribune
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[ad_1] Pakistan Stock Exchange (PSX) shattered previous records on Monday, soaring to an all-time high of 81,155 points. The market experienced an exhilarating gain of 1,211.51 points or a surge of 1.49% from its previous close of 79,944, marking a monumental intraday performance that increased investors’ confidence. Last week, the PSX surpassed the 81,000-point mark…
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Car sales reach 18-month high, surge 120% YoY | The Express Tribune
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[ad_1] KARACHI: According to a report released by Topline Research on Wednesday, Pakistan car sales, as reported by the Pakistan Automotive Manufacturers Association (PAMA), hit an 18-month high in June 2024, recording sales of 13,300 units. This marks a 21% increase month-on-month (MoM) and a 120% increase year-on-year (YoY). The MoM increase in car sales…
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PSX shatters records with unprecedented high of 81,000 points | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) on Tuesday surpassed the 81,000-point mark, marking a historic milestone driven by robust buying from both local and foreign investors. The benchmark KSE-100 index rose sharply by 483.98 points, or 0.6%, reaching 81,050.18 points during intraday trading, following a previous close of 80,566.20 points. Yesterday morning, trading began positively…
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PSX reaches new high with 331-point gain | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) gained 331 points to reach an impressive 80,564.95 during intra-day trading at 11:50am on Thursday, up from the previous 80,233 points. The surge reflects a continued bullish trend, marking a 0.41% increase from the previous session. The rise has bolstered investor confidence and demonstrated robust market activity. The record-breaking…
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High taxes on EVs contradictory to govt’s policies: Ministry
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[ad_1] A representational of an electric car. — Reuters/File ISLAMABAD: The Ministry of Industries and Production has sought reversal of a proposed hike in sales tax on electric and hybrid vehicles in the new budget, saying that the increase in tax is violation of government’s policies aimed at promoting new technologies. In a letter written…
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PSX hits historic high, surpasses 78,000 milestone | The Express Tribune
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[ad_1] The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday as the KSE-100 Index gained over 1.93 percent, reaching 78,213 points at 11:30 am. This rise marked a significant increase from the previous 76,706.77 points last week. The market opened on a positive note following the Eid ul Adha holidays, with the…
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Govt rethinks tax proposals amid high cost of living | The Express Tribune
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[ad_1] ISLAMABAD: The government has kicked off consultations with a view to reconsider a partial rollback of the proposed income tax rate increases for salaried individuals and exporters, alongside implementing the proposed 18% sales tax on infant milk in stages. The internal deliberations come in the wake of sharp criticism from all segments of society…
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High corporate tax rates – a barrier to MNCs | The Express Tribune
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[ad_1] KARACHI: Approximately 210 multinational companies (MNCs) in Pakistan operating in sectors like tobacco, oil, auto, pharmaceuticals, banking and others contribute a third of the total tax collection and make a major contribution to the national exchequer. They also reinvest in their respective units or inject capital into some new ones. Moreover, they make investments…
