After initial buying momentum, the Pakistan Stock Exchange (PSX) witnessed a downward trend on Thursday, with the benchmark KSE-100 Index losing nearly 1,200 points during intra-day trading. The market opened on a positive note but soon came under selling pressure, leading to a broad-based pullback as trading progressed. At 10:50am, the benchmark index was hovering at 158,406.27, a decrease
Vice President Hyderabad Chamber of Small Traders & Small Industry (HCSTSI) and Convener of the Banking Affairs Committee, Shan Sehgal, attended the Islamic Banking Awareness Seminar organised by Meezan Bank in Hyderabad. The event was attended by a large number of businesspersons, social figures, and representatives from the banking sector. During the seminar, Mufti Muhammad Naveed, Shariah An
The Federal Board of Revenue (FBR) has established dedicated cells in each tax office to provide all necessary legal and technical assistance to taxpayers who were formerly filing manual returns. On Wednesday, the FBR has announced special measures to assist manual income tax filers as part of its ongoing efforts to fully digitize tax operations across Pakistan. With the objective of ensurin
The All Pakistan Textile Mills Association (APTMA) has called for transparency in the tariff structures of gas companies and demanded a comprehensive framework for full disclosure, verification, and reconciliation of Unaccounted-for-Gas (UFG) and RLNG cost actualisation data. In its intervention request submitted to the Oil and Gas Regulatory Authority (OGRA) ahead of Sui Northern Gas Pipelines
Oil prices rose on Thursday as oversupply concerns eased, after closing at two-week lows in the prior session on weaker demand. Brent crude futures were up 17 cents, or 0.27%, to $63.69 a barrel at 0455 GMT, while US West Texas Intermediate futures were up 18 cents, or 0.3%, to $59.78. Global oil prices fell a third straight month in October on fears of oversupply as the Organization of the