Bullish momentum continued at the Pakistan Stock Exchange (PSX) as shares climbed more than 4,000 points on Monday. The benchmark KSE-100 index climbed 3,021.94, or 2.76 per cent, to stand at 112,535.08 points from the previous close of 109,513.14 at 11:18am. At 2:46pm, the index stood at 113,874.01, up by 4360.87 points or 3.98pc, from the last close. Finally, the index closed at 113,924.41
Technology companies continue to hold most of the top spots in the annual Management Top 250 ranking of America’s best-run companies, with Apple unseating Microsoft at No. 1. The Management Top 250 ranking compares companies using the late management guru Peter Drucker’s principles to identify the most effectively managed businesses. This year, 842 companies were graded in five categories (custome
Former Senate chairman Raza Rabbani on Monday condemned the formation of an eight-member committee for the revision of existing or grant of new allowances to government servants, calling it “double standards on the part of the finance minister”. Despite a shortfall in revenue collection, the government has started working on offering lucrative allowances to its employees, in addition to a salar
The Federal Board of Revenue (FBR) said on Monday that the Faceless Customs Assessment System (FCAM) cleared 4,000 consignments since its launch. The board said the FCAM, operating through its centralised appraising unit at South Asia Pakistan Terminal, Karachi, has drastically reduced the need for additional documentation and examination calls. With this digital reform rolled out at one of
While local mobile manufacturing declined in November, the companies were optimistic about a robust new year. According to the Pakistan Telecommunication Authority data, local mobile production fell 8 per cent year-on-year to 2.31 million units and 35pc month-on-month in November. The local firms produced 3.53m units in October, marking the highest production after seven months. At the same