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FBR grants tax neutrality for sukuk transactions deals


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


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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