Govt jacks up petroleum prices by up to Rs8.82 per litre

The government on Thursday jacked up prices of petroleum products for the second time in a month by over Rs8 per litre in line with fluctuation in global oil prices and the local currency. According to a statement issued by the Finance Division, the per-litre price of...

Govt extends income tax return filing deadline

After listening to problems being faced by taxpayers in filing income tax returns, highlighted by a delegation of the Karachi Chamber of Commerce and Industry at a meeting held in Islamabad on Thursday, Federal Minister for Finance and Revenue (FBR) Shaukat Tarin...

Foreign exchange: SBP reserves fall $249m to $19.3b

The foreign exchange reserves held by the central bank fell 1.27% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On September 24, the foreign currency reserves held by the SBP were recorded at $19,294.5 million, down...

Market watch: KSE-100 rises despite heavy foreign selling

The Pakistan Stock Exchange bounced back on Thursday as the benchmark KSE-100 index surged 583 points, supported by late session buying that reversed direction of the market. Investor interest improved as speculation was dismissed about a proposed bill in the US...