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FBR to Retain Tax Collection Powers
Chairman Federal Board of Revenue (FBR) Rashid Langrial has ruled out outsourcing field offices to private companies for tax collection,
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Pakistan and world business news from seven outlets, one story per event. Updated 2m ago.
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Pakistan Assures IMF Subsidies Will Be Limited
Pakistan’s Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to economic reforms and targeted subsidies for low-income families during a
ProPakistani
Colombia opens embassy in Jerusalem, restores free trade deal with Israel
JERUSALEM: Colombia opened its embassy in Jerusalem on Wednesday, becoming the 10th country to do so, as new President Abelardo de la Espriella reversed his predecessor’s break with Israel by also…
Business RecorderIndian rupee extends rise but falters past 95/USD on importer hedging, outflows
MUMBAI: The Indian rupee rose for a third consecutive session on Wednesday to hit a more than one-month peak as the central bank followed up tough regulatory measures with hawkish commentary.
Business RecorderIndia's Bank of Baroda says it will defend interests after UAE businessman Shetty files $15bn suit
MUMBAI: India’s Bank of Baroda BOB.NS on Wednesday said it will protect its interests, a day after UAE-based businessman and founder of NMC Health filed a $15 billion case against the lender and 25…
Business RecorderSECP Launches New Anti-Fraud System
The Securities and Exchange Commission of Pakistan (SECP) has approved the establishment of a Corporate Intelligence Unit (CIU) to identify
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Pakistan’s regulator establishes CIU to detect illegal schemes early
The Securities and Exchange Commission of Pakistan (SECP) has approved establishing a Corporate Intelligence Unit (CIU) to proactively identify registered companies suspected of running Ponzi or…
Business RecorderNew PSX Traders Prefer One Stock
Around 40 percent of members using the Pak Stock Exchange practice trading platform prefer bank stocks, which is the most
ProPakistaniEuro zone bond yields slightly lower; inflation, rate outlook in focus
LONDON: Euro zone bond yields were slightly lower on Wednesday, continuing to stabilise after a period of sharp volatility, as investors tread cautiously ahead of US inflation data due later in the…
Business RecorderOil Prices Out of Control Again
Global oil prices rose on Wednesday, with Brent crude climbing to $106.37 per barrel and West Texas Intermediate (WTI) reaching
ProPakistaniEuropean shares edge higher as ASML's AI demand outlook boosts tech
European shares inched up on Wednesday, recovering from modest losses in the previous session, as strong results from ASML lifted the technology sector.
Business RecorderUS-Russia deal on diesel is ‘very risky choice,’ Italy PM Meloni says
ROME: The deal between the United States and Russia over diesel supply is a “very risky choice” that runs counter to efforts to force Vladimir Putin to sit at a negotiating table with Ukraine…
Business RecorderJordan issues tender to buy up to 120,000 metric tons wheat, traders say
HAMBURG: Jordan’s state grain buyer has issued an international tender to buy up to 120,000 metric tons of milling wheat which can be sourced from optional origins, European traders said on…
Business RecorderSaudi stocks slip after attack on Aramco building; Gulf markets mixed
Major Gulf stock markets were mixed in early trade on Wednesday, with Saudi shares falling after an attack on a Saudi Aramco site heightened concerns over the escalating conflict between the kingdom…
Business RecorderPakistan’s Quantum Data plans local assembly of lithium batteries under China deal
Pakistan’s Quantum Data Technologies (QTECH), formerly known as Chakwal Spinning Mills Limited, is expanding beyond IT services into energy storage, signing a cooperation agreement with China’s…
Business Recorder
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