Economy
The Tax Landscape: A Tale of Compliance in Islamabad
ISLAMABAD, October 28 2024: In a bustling metropolis where skyscrapers touch the clouds and business is the lifeblood of the economy, a stark reality unfolds beneath the surface. A mere 5,000 companies, representing a fraction of the nearly 125,000 registered entities in Pakistan, dominate the corporate tax landscape, shouldering an astonishing 90 per cent of…
Record Equity Raising in 2024: 5 IPOs and 2 IOs Highlight a Thriving Market
KARACHI, October 26 2024: In a remarkable turnaround for Pakistan’s capital markets, 2024 has witnessed a substantial revival in Initial Public Offerings (IPOs), with five companies raising a total of PKR 8 billion. This resurgence has been fueled by a favourable economic environment and robust Pakistan Stock Exchange (PSX) performance. The positive macroeconomic indicators including…
Governor SBP briefed global investors on improvements in Pakistan’s economy
KARACHI, October 25 2024: Governor SBP, Jameel Ahmad, met delegates from international rating agencies and key global investors during the events hosted by leading financial institutions, including Standard Chartered, JP Morgan, Bank of America, and Jefferies, on the sidelines of the 2024 IMF-World Bank annual meetings in Washington, DC. The Governor provided an overview of…
KSE-30 Index Reaches New Heights: A Beacon of Investor Confidence
KARACHI, October 25 2024: In a remarkable turn of events, the KSE-30 Index has soared to new heights, surpassing its previous all-time high of 28,173 points, which was established back in 2017. Today, the index reached an impressive 28,395 points, marking a significant milestone for investors and market watchers alike. The KSE-30 Index, known for…
Hub River Bridge Inaugurated, N-25 Reconnected
HUB-Karachi: October 24 – Federal Ministers Abdul Aleem Khan and Jam Kamal Khan inaugurated the newly constructed bridge over the Hub River on N-25, marking a significant development at the confluence of Balochistan and Sindh provinces. Completed in two years for PKR 1,180 million, this bridge aims to enhance connectivity and boost economic activity in…