News

PM orders action against sugar mills

Prime Minister Shehbaz Sharif has announced strict action against sugar millers and dealers involved in tax fraud, undocumented sales, and price increases. According to a PM Office press release issued on Tuesday, the premier directed a detailed analysis of the sugar sector to reduce sales tax evasion and pricing control to benefit customers. The premier believes that sugar mills are primarily

World stocks edge higher, oil falls

Global stocks edged higher in choppy trading on Tuesday as markets awaited further appointments to the incoming White House administration, while oil prices eased as tensions rose between Russia and the United States over Ukraine. Investors are eyeing President-elect Donald Trump’s pick for Treasury secretary, with the pool widening to include Apollo Global Management Chief Executive Marc Rowan

Implementation of $2.8bn Saudi MoUs

Empha­sising the significance of cooperation between Pakistan and Saudi Arabia in different sectors, Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over the implementation of recently signed memorandums of understanding (MoUs) for Saudi investment worth $2.8 billion in Pakistan. The bilateral ties were discussed as the deputy interior minister of Saudi Arabia paid a courtesy ca

SBP event showcases how well women leaders ‘get’ finance

Don’t marry off your girls till they are financially independent,” says screenwriter Zanjabeel Asim Shah — a fairly revolutionary statement in a society where sons have careers and daughters are mostly to be married off. Celebrating Women’s Entrepre­neur­­ship Day, the State Bank of Pakistan invited women leaders, who narrated their success stories, along with a healthy dose of pragmatism. The

Stocks rise on robust economic data

The inflow of positive economic numbers helped the stock market maintain its bullish momentum as the KSE 100 index settled at a record peak near 95,000 on Monday. Despite falling by 143.20 at 94,620.45 in early trade on profit-taking, the index bounced back with a 544.27-point rally to hit an intraday high of 95,307.92 after the country posted a third straight monthly current account surplus.