Category: 3. Business
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SBP to remain closed on Wednesday, December 25 – Business & Finance
The State Bank of Pakistan (SBP) on Monday said it will remain closed on Wednesday, December 25, 2024, in observance of Quaid-e-Azam Day and Christmas. “The State Bank of Pakistan will remain closed on December 25, 2024 being a public holiday on the occasions of Quaid-e-Azam Day and Christmas, as declared by the Government of…
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NCCPL to collect Capital Gain Tax on December 31
The National Clearing Company of Pakistan Limited (NCCPL) announced that it will collect the aggregate amount of Capital Gain Tax (CGT) for the period of November 1 to November 30, 2024, on Tuesday, December 31, 2024. The collection will be made through the settling banks of the clearing members. Clearing members are advised to ensure…
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Security guard rapes woman in Rawalpindi hospital
RAWALPINDI – A woman was allegedly raped by a security guard of a hospital in garrison city of Rawalpindi, it emerged on Monday. Reports said a case has been registered by Waris Khan police station on a complaint lodged by the alleged victim. The suspect, identified as Shahzaib, has been arrested after CPO Rawalpindi took…
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Actor Umar Alam’s video proposing woman during flight goes viral
LAHORE – A video of Actor Umar Alam proposing a woman during a flight has gone viral on the social media. Umar Alam was seen aboard a private flight with a woman, where, with the assistance of the flight crew, he proposed to her in front of all the passengers. Expressing his love for the…
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PSX projected to surge past 165,000 level by December 2025: report
The KSE-100 Index, the benchmark index of the Pakistan Stock Exchange (PSX), is anticipated to continue its upward trajectory in the calendar year 2025 (CY25), with a forecasted return of 55.5% (49% in USD terms), driven by falling interest rates and improved macroeconomic stability, according to a report by AKD Securities. The index is expected…
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Buying momentum continues, KSE-100 gains over 3,700 points – Markets
Buying momentum continued at the Pakistan Stock Exchange (PSX) as the benchmark KSE-100 Index surged over 3,700 points during Monday’s intraday trading. At 1pm, the benchmark index was hovering at 113,274.94, an increase of 3,761.80 points or 3.44%. Across-the-board buying was observed in key index sectors including automobile assemblers, cement, chemical, commercial banks, fertilizer, oil……
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Singer Naseebo Lal’s husband arrested for shooting neighbour in Shahdra
LAHORE – Naveed, the husband of Pakistani singer Naseebo Lal, has been arrested on Sunday for shooting incident in the Shahdra area. Reports in local media said the firearm shooting incident occurred in Shahdara Town, where Naveed opened fire on his neighbour over some dispute. It started with heated dispute that turned into ugly fight…
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Australia, NZ dollars steady but outlook still bearish – Markets
SYDNEY: The Australian and New Zealand dollars were on a steadier footing on Monday after Treasuries rallied on a benign reading on US inflation, although the technical outlook still looked bearish for the two. The Aussie was little changed at $0.6253, having risen 0.2% on Friday to pull away from a two-year low of $0.6199.…
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Minahil Malik drops Bombshell in comeback to social media after Video Leak Scandal
LAHORE – Controversial TikTok star Minahil Malik made a stunning return to social media, months after her lewd videos stirred outrage online. In a post on Instagram, Minahil opened up about the difficult times she faced after her personal videos were leaked online, which sparked widespread backlash and criticism. The controversy even led to her…
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Greentree Holdings intends to acquire 35% stake in TRG Pakistan
Greentree Holdings Limited has announced its intention to acquire up to 35.145% of the issued and paid-up share capital and control of TRG Pakistan Limited. According to a filing at the Pakistan Stock Exchange (PSX) on Monday, AKD Securities Limited, acting as the Manager to the Offer, submitted the Public Announcement of Intention under the…