Share prices moved within a short range on Thursday owing to the ongoing political instability. Arif Habib Ltd said the stock market opened in the negative zone but stocks later fluctuated both ways. The benchmark of representative shares reached an intraday high of 206.72 points and finished in the green territory as investors showed optimism about the disbursement of the ninth tranche of the
Key players in the telecom sector have criticised the government for pegging telecom licence renewal to the US dollar, describing it as the biggest threat to the information and communications technology industry, and demanded that the government revisit the policy if it wanted to realise the Digital Pakistan vision. Besides forwarding their concerns to relevant government quarters, three out o
Pakistan’s “self-created hurdles” stalled work on the China-Pakistan Economic Corridor (CPEC), Prime Minister Shehbaz Sharif agreed on Thursday, as he inaugurated the country’s seventh nuclear power plant and stressed the need for more cheap energy sources in the face of a costly fuel import bill. However, speaking at the launching ceremony, attended by Chinese authorities, the premier vowed th
The country’s exports shrank for the fifth month in a row dropping by 15.42 per cent year-on-year to $2.21 billion in January raising fears about the closure of industrial units especially textile and clothing across the country. On a month-on-month basis, export proceeds decreased by 4.41pc in January, official data showed on Thursday. The exports started posting negative growth in the firs
The beverage industry has warned the Federal Board of Revenue (FBR) that the proposed four per cent federal excise duty (FED) dubbed as sugar tax would not only push up prices but would also hit $200 million investments plan by two key carbonated soft-drink companies. In a recent meeting with the finance ministry, Pepsi and Coke have assured that they will obtain loans worth around $200 million