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FBR grants tax neutrality for sukuk transactions deals

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ISLAMABAD,Pakistan(TNO) Federal Board of Revenue has granted sukuk transactions similar tax treatment to conventional bonds, the latest government incentive aimed at developing the country’s Islamic finance sector.In a statement late on Saturday, Pakistan’s capital market regulator – which recommended the ...

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Dollar fell against major currencies

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NEW YORK,U.S(TNO) The dollar fell against major currencies on Thursday(1st Sep) as data on US manufacturing pointed to a contraction in the sector last month.Markets were also anticipating Friday s release of official figures on August US job creation, which if ...

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Crude Oil prices rose in Asia

SINGAPORE (TNO) Crude prices rose in Asia Friday(12 Aug), extending overnight gains after Saudi Arabia s oil minister hinted producers could agree to limit production.Rumours have been circulating that global producers are mulling a deal to freeze output to help ...

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US crude dropped below the $40 dollar mark

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SINGAPORE(TNO) Oil fell during afternoon trade in Asia Wednesday(03 Aug), with US crude hovering near three-month lows as traders awaited data that will give hints of demand in the world’s top consumer.US crude dropped below the $40 dollar mark for ...

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