By announcing to keep production activities suspended from Feb 13-17 due to continued shortage of parts and accessories, Pak Suzuki Motor Company Ltd (PSMCL) has jacked up prices of various car models by Rs130,000-350,000. The new prices of Alto VX, VXR, VXR AGS and AGS models are Rs2.034 million, Rs2.359m, Rs2.528m and Rs2.651m, up by Rs175,000-228,000. WagonR VXR, VXL and AGS models now
ISLAMABAD: Amid fiscal challenges, Pakistan’s tax-to-GDP ratio dropped further by 0.4pc in the first half (July-December) of the current fiscal year to 4.4pc from 4.8pc of the same period last year. According to half-yearly data on fiscal operations released by the Ministry of Finance on Wednesday, the non-tax revenue remained unchanged at 1.1pc of GDP in the first half of the year and stood at
The government put on a brave face amid a stalemate on securing a bailout from the International Monetary Fund (IMF), needed to avert a nearing sovereign default, as the two sides remained short of concluding external financing estimates and precise domestic fiscal measures. A clear roadmap on external financing and domestic budgetary steps, coupled with substantial energy cost adjustments, sho
Shares at the Pakistan Stock Exchange (PSX) continued their bull run on Tuesday, rising immediately after the opening bell. The benchmark KSE-100 index gained 331.99 points, or 0.81 per cent, to close at 41,522.76 points. It reached an intraday high of 573.18 points, or 1.39pc, around 10:37am. Dalal Securities CEO Siddique Dalal said the index rose on expectations that the gas sector’s circu
Have bitcoin and ether finally turned a corner? It’s looking that way, if crypto options traders are anything to go by. The volume of bitcoin options traded on Deribit, one of the leading exchanges for crypto-focused derivatives products, jumped 82 per cent in January versus December, according to crypto market maker OrBit Markets. Ether options swelled 38pc. More investors are positioning f