Bears continued to dominate the trade floor on Wednesday at the Pakistan Stock Exchange (PSX) as shares declined by nearly 3,800 points, two days after the State Bank of Pakistan (SBP) cautiously eased the interest rate to 13 per cent. The benchmark KSE-100 index declined by 3,835.48 points, or 3.34pc, to stand at 111,025.20 points from the previous close of 114,860.68 points at 3:27pm. Fina
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The FBR will have authority to impose restrictions on unregistered individuals. Unregistered persons may face bans on operating bank accounts, transferring immovable property or running businesses. Banking transactions for unregistered persons will be restricted.High-risk individuals’ banking and tax data will be shared. Restrictions will apply to vehicle purchase, registration and booking,
The Board of Investment (BoI) has completed a survey of special economic zones (SEZs) and is introducing 150 reforms to attract local and international investors, particularly from China. The information was shared during a meeting presided over by Minister for Board of Investment Abdul Aleem Khan on Wednesday. According to a press release, the reform process will be implemented in SEZs bas
Based on a few datasets, the government claimed the effectiveness of its policies towards macroeconomic stability on Wednesday and approved about Rs 44 billion in supplementary grants, including those meant for advertising such achievements. In an unusual move, the opening part of the meeting of the Economic Coordination Committee (ECC) of the Cabinet was aired live on television channels for F