Trading on the stock market commenced in the outgoing week on a positive note and the momentum continued throughout the week, thanks to the premier’s visit to China. Arif Habib Ltd said another reason for the bullish trend was the country’s trade deficit narrowing down by 26.59 per cent to $11.47 billion in the first four months of the current fiscal year. The rupee was slightly up against t
How bad will things get? What happens next? It is the question everyone is asking in the country following the assassination attempt on Imran Khan in Wazirabad last week as the former prime minister was leading his protest march on Islamabad to force early elections in the country. He and his party quickly blamed the shooting on an alleged conspiracy between the government and the military. Spo
WhatsApp groups are abuzz with speculations about the possibility of a tax on share buybacks — an increasingly popular practice that lets listed companies purchase their own shares on the stock exchange to improve their market value. Firms that carried out share buybacks recently or are currently conducting the exercise include Netsol Technologies Ltd, Maple Leaf Cement Factory Ltd, Lucky Cemen
Service exports grew 4.63 per cent in the first quarter of the current fiscal year, mainly driven by information technology. In absolute terms, exports rose to $1.69 billion in July-September from $1.61bn a year ago, according to the latest data compiled by the Pakistan Bureau of Statistics. In September, the export of services dipped by 1.73pc to $565.96m from $575.94m in the same month las
The dollar remained unchanged at Rs227.75 on Saturday in the open market, unmoved by Finance Minister Ishaq Dar’s guarantee a day ago that the country had secured about $13 billion in additional financial support from two friendly countries, on top of assurances for about $20bn investments. However, dealers in the open market hoped the rupee would gain strength once the inflows began to land in