Pakistan Stock Exchange (PSX) on Wednesday engaged in highly bearish trading, reflecting investor concerns over the Tax Laws Amendment Bill, which was seeking to bar non-filers from making stock purchases beyond certain limits. Analysts attributed the market's downturn of nearly 1,600 points to apprehensions surrounding the legislative change, alongside broader economic challenges such as rupee
Atif Ikram Sheikh, President, and Zaki Aijaz, Regional Chairman and Vice President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), have stressed that Pakistan can generate billions of dollars annually by developing its tourism and culture sectors. In a press statement released on Wednesday, they pointed out that with the global tourism industry valued at nearly $10 trillio
A gaggle of companies entering the agriculture sector has sparked calls from sustainable agriculture experts for these entities to prioritise food security, lower soaring agricultural prices, and support small growers by improving crop yields with advanced climate-resilient seeds and technology. Experts strongly opposed exploitative practices, urging companies to avoid predatory approaches that ha
Gold prices in Pakistan experienced their steepest increase in nearly three months on Wednesday, reflecting rising international gold rates driven by trade wars and heightened market volatility following the election of US President Donald Trump. In the local market, the price of gold per tola surged by Rs4,250 to reach Rs287,450. Similarly, the price of 10-gram gold rose by Rs3,642, bringing i
A Senate panel on Wednesday called for cancelling the contract for buying 1,010 new cars for tax officers, but the Federal Board of Revenue (FBR) contended that it needs these vehicles to locate non-filers and physical verification of tax returns filed online. The committee decided to write to Prime Minister Shehbaz Sharif, the finance minister, and the Accountant General of Pakistan Revenues (