The revision of property valuation rates by the Federal Board of Revenue (FBR) for 47 cities across the country is expected to impact the real estate sector, particularly buyers and sellers, in the days to come. The FBR was supposed to revise valuation tables for 56 cities. However, the release of tables for nine cities has been delayed, an official told Dawn. These cities include Karachi, I
The bidding for the privatisation of Pakistan International Airlines (PIA) is scheduled for today (Thursday), with reports suggesting that only one of the six pre-qualified bidders has submitted the required earnest money to participate in the process. The Privatisation Commission had initially pre-qualified six bidders, including Fly Jinnah, a consortium led by YB Holdings (Pvt) Ltd, Airblu
The unabated aggressive buying amid growing economic optimism and easing political noise post-26th constitutional amendment aided the KSE 100 index to break another psychological barrier of 91,000 intraday on Tuesday. The anticipation of a significant cut in the benchmark interest rate early next month was another reason that kept investors in a bullish mindset as the market extended its record
The stock market extended its record-setting spree to a sixth straight session on Monday amid anticipation of a more significant cut in the policy rate, which fuelled the shifting of money from banks to the equity market, propelling the KSE 100 index to settle above 90,000 for the first time. Initially, the benchmark KSE-100 index suffered a loss of 261.24 points, hitting an intraday low at 89,
Saudi officials on Tuesday lamented the economic strain of regional conflicts as the country’s sovereign wealth fund told an investor forum it was cutting the proportion of its overseas investments. Despite a performance by South African opera singers and a remote appearance by Elon Musk, the mood at the glitzy Future Investment Initiative (FII), sometimes called “Davos in the desert”, was clou