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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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US crude dropped below the $40 dollar mark


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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High prices in Ramazan bazaars


LAHORE,Pakistan (TNO) The high prices in bazaars organized for Ramazan in various cities including Lahore have badly irked local residents, news reported on Sunday(05 Jun).According to details, Ramazan bazaars are being arranged for the relief of the people but hiked ...

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4th Budget speech by Senator Ishaq Dar


ISLAMABAD, Pakistan(TNO) Following is the text of budget speech delivered by Federal Finance Minister Senator Ishaq Dar in the National Assembly here on Friday(03 Jun). Bismillahir-Rehmanir-Rahim PART-I Mr. Speaker, 1. As I rise to present the 4th Budget of our ...

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