The Lahore Chamber of Commerce & Industry (LCCI) organized a seminar on “Export Documentation and FBR Regulatory Requirements” to create awareness among the business community about regulatory procedures, documentation, compliance requirements and the need for a facilitation-oriented approach by government institutions. LCCI President Faheem-ur-Rehman Saigol chaired the seminar which was also a
Pakistan’s fiscal consolidation is delivering results through a primary surplus, deficit compression and stronger revenue mobilisation, Finance Minister Muhammad Aurangzeb said, as the government sought to attract international investment at a roundtable with leading investors and global financial firms. The remarks came during a “Pakistan Investment Roundtable” hosted by the Pakistan High Comm
Gold prices rose more than 1% on Thursday as investors digested the US Federal Reserve’s interest rate hike and its signal that further policy tightening may follow, while an earlier rally in oil prices lost momentum. Spot gold was up 1.1% at $4,310.49 per ounce, as of 0149 GMT, after hitting a near six-week low on Wednesday. US gold futures for December delivery were down roughly 1% at $
Oil prices fell in early trade on Thursday, extending the previous day’s losses, as reports of Saudi Arabia offering extra crude cargoes through Oman reduced fears of supply disruptions in the Middle East. Brent crude futures dropped $1.24, or 1.2%, to $104.59 a barrel by 0049 GMT, while US West Texas Intermediate futures were down $1.14, or 1.1%, at $101.29. Both contracts fell about $3 on
Pakistan Stock Exchange (PSX) began the week on a sharply negative note on Monday as escalating Middle East tensions and concerns over oil supply triggered a broad-based sell-off, wiping out more than 2,500 points from the benchmark KSE-100 index by the close. The plunge came as crude prices surged, raising fears about the impact of higher energy costs on oil-dependent economies and corporate p