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PSX plateau persists on virus, regional risks

PSX plateau persists on virus, regional risks July 15, 2021 Stocks continued to crawl along the flatline on Wednesday as smart Covid lockdowns and geopolitical risks muted earningsâ excitement, traders said. Pakistan Stock Exchange s (PSX) KSE-100 Share Index gained just 10.97 points or 0.02 percent to close at 47,491.47 points, touching an intraday high of 47,595.72 points and a low of 47,443.88 points. Muhammad Arbash, analyst at Topline Securities, said, investor interest was witnessed in textile sector, where NML, NCL, GATM, and GADT emerged as major gainers; however, on the flip side TRG dented the index most (32 points). Analysts said even earnings could not trigger the session.

Muhammad arbashAhsan mehantiIndus motor coArif habib corpPakistan international bulkBrokerage arif habibAl shaheer corpCorp ltdPakistan stock exchangeByco petroleumWorldcall telecomFauji foods ltdStreet corpStock exchangeTopline securitiesPhilip morris pakistan

Big Tobacco s at it again

Here I am - slumped in my chair, in the kind of way that will only hasten the curvature of my spine into an indignant question mark. I am transfixed by a video of a duck playing with a Labrador..

United statesSri lankaPhilip morrisSouth east asiaShahid masoodEuromonitor internationalBritish american tobaccoWorld bankPhilip morris pakistanBig tobaccoFinancial supportInternational cigarette tax scorecardPakistan tobaccoOxford economicBehtr pakistanஒன்றுபட்டது மாநிலங்களில்

Stocks rally as govt cuts down Covid curbs

Stocks rally as govt cuts down Covid curbs
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Neelam nazPakistan stock exchangeBrokerage arif habibWorldcall telecomAhsan mehanti at arif habib corpStock exchangeLucky cementArif habib limitedNetsol technologiesArif habib corpPower purchase agreementSmall cap indexWyeth pakistanPhilip morris pakistanSapphire textileSapphire fiber

Stocks rally as govt cuts down Covid curbs

Stocks rally as govt cuts down Covid curbs
thenews.com.pk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenews.com.pk Daily Mail and Mail on Sunday newspapers.

Neelam nazPakistan stock exchangeBrokerage arif habibWorldcall telecomAhsan mehanti at arif habib corpStock exchangeLucky cementArif habib limitedNetsol technologiesArif habib corpPower purchase agreementSmall cap indexWyeth pakistanPhilip morris pakistanSapphire textileSapphire fiber

FBR mulls three-tier duty system for cigarettes

Business May 1, 2021 KARACHI: A three-tier system to collect federal excise duty on production and supply of tobacco products has been finalised for reintroduction through Finance Bill, 2021, sources said on Friday. Federal Board of Revenue (FBR) sources said the matter of massive duty evasion and prevalence of smuggled products had compelled the authorities to find a way to maximise documentation of manufactured products. They said the tax authorities and stakeholders were mulling re-introduction of a three-tier system. The issue was discussed in detail after capturing all relevant data of the tobacco industry. At present there are around 41 cigarette manufacturers in the country. However, two companies have 96 percent industry share in payment of duty and taxes. The FBR considered stakeholders’ budget proposals, which explained that existing higher duty and tax rates encouraged evasion and use of smuggled cigarettes.

Philip morris pakistanFinance billFinance actPhilip morrisபிலிப் மோரிஸ் பாக்கிஸ்தான்நிதி ர சி துநிதி நாடகம்பிலிப் மோரிஸ்

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