Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 3,000 points to surpass the 114,000 mark. The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am. Finally, the index closed at 114,180.50, up by 3,370.29 point
extile units holding back payment of cotton cess may need to obtain a No Objection Certificate (NOC) from the Pakistan Central Cotton Committee (PCCC) to avail of subsidies, secure import and export permits, and take advantage of government incentives or packages. Alternatively, the amount of cess should be recovered through the Federal Board of Revenue, while the federal government could provi
Haleon Pakistan plans to start manufacturing multivitamin brand Centrum in the country for domestic sales and export, its chief executive officer (CEO) said, as it seeks to boost sales in the country amid lower inflation. The Pakistan unit of British consumer healthcare firm Haleon plans to expand its pain management offerings next year by adding the Panadol range for menstrual pain and migrain
A Chinese business delegation met with President Asif Ali Zardari in Karachi on Thursday and expressed interest in investing $1 billion in a medical city, as well as in diverse sectors of the economy. Pakistan has held strong bilateral relations with China which has supported it through many investments and development projects such as the China-Pakistan Economic Corridor project which was term
Finance Minister Muhammad Aurangzeb has said that the economic challenges have been effectively addressed, and the country is on the right path to achieving stability. Virtually addressing the inaugural session of the Second International Islamic Capital Markets Conference & Expo on Thursday, the finance minister said Pakistan had faced significant economic challenges, which were effectively ad