Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said on Thursday that Islamic finance and Islamic capital markets could play a pivotal role in helping Pakistan achieve macroeconomic stability and sustainable growth. Addressing the inaugural session of the Second International Islamic Capital Markets Conference & Expo in Karachi, the minister stated that while Pakistan had
The price of high-speed diesel may go down by Rs3.90 per litre effective from December 16 in line with fluctuations in the global oil market. Diesel is mainly used in transport and agriculture sectors and the reduction will have a disinflationary impact on consumers. However, the price of petrol is anticipated to be increased by 81 paisa per litre when the government announces its fortnightl
Chinese Consul General in Lahore Zhao Shiren has emphasised that Beijing is making all-out efforts to have balanced trade with Pakistan and create more opportunities for Pakistani exporters. He pointed out that bilateral trade had grown substantially, with the trade volume reaching $16.2 billion in financial year 2023-24. He said that China was keen on narrowing the trade deficit by encouraging
Shares at the Pakistan Stock Exchange (PSX) continued their record-setting streak on Thursday as the KSE-100 index climbed more than 3,000 points to surpass the 114,000 mark. The benchmark KSE-100 index climbed 2,538.72 points, or 2.29 per cent, to stand at 113,348.93 points from the previous close of 110,810.21 points at 10:49am. Finally, the index closed at 114,180.50, up by 3,370.29 point
extile units holding back payment of cotton cess may need to obtain a No Objection Certificate (NOC) from the Pakistan Central Cotton Committee (PCCC) to avail of subsidies, secure import and export permits, and take advantage of government incentives or packages. Alternatively, the amount of cess should be recovered through the Federal Board of Revenue, while the federal government could provi