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Mahathir suggests tax breaks to attract foreign investors
“Wealth is not created by the government but by people and investors,” says Malaysian premier.
Rupee retreats against dollar
US dollar reaches Rs140.50 in interbank market; open market trades at Rs141.
Fixed tax for small retailers on the cards
Move is for documentation purposes only; revenue potential to be nominal.
China to cut time for patent review by 15pc: report
Administration to strengthen protection of intellectual property, reports Xinhua.
Development spending far behind revised targets
Fund releases drop 34pc to Rs373bn in almost nine months.
Xi insists new Silk Road runs both ways as Italy signs up
Italy has rolled out the red carpet for Xi who will sign an MoU for Rome to join the $1 trillion BRI.
FBR-PRA joint body to settle toll manufacturing sales tax issue
Many factory owners have filed cases against provincial tax collector to avoid double taxation.
Four PIA aircraft grounded due to bird-hits
Grounding of three planes in Karachi, one in Lahore has caused financial losses, disrupted flight schedule.
Pakistan gets $1bn Chinese market access for rice, sugar, yarn
Rice shipments to China have already begun as part of the deal agreed upon during PM Khan's four-day China visit.
Development projects worth Rs97bn okayed
Major road project of western route of CPEC, other projects cleared by Central Development Working Party.
EXCHANGE RATES
Exchange Rates for Currency Notes
| Countries | Selling (Rs.) | Buying (Rs.) |
|---|---|---|
| U.S.A. | 140.00 | 141.00 |
| U.K. | 183.30 | 184.30 |
| Euro | 158.70 | 159.70 |
| Japan | 1.2400 | 1.2700 |
| Saudi Arabia | 37.25 | 37.40 |
| U.A.E. | 38.20 | 38.35 |
Highlights
Aurora
BULLION RATES
| City | Gold (24-ct) | Silver |
|---|---|---|
| Karachi | 59,928 | 720.00 |
| Multan | 58,720 | 745.00 |
Business & Finance
Naming the benami deals and assets
Market watchers foresee a fall in property prices as benami holders rush to dump their assets in the market.
Initial public offering market gears up
Interloop Ltd will be among the top-50 companies listed on the PSX in terms of market capitalisation.
Weekly rupee-dollar parity
Published in Dawn, The Business and Finance Weekly, March 18th, 2019
KSE 100-share index fluctuations
Published in Dawn, The Business and Finance Weekly, March 18th, 2019