Pakistan’s stock market witnessed a historic surge in activity as daily trading value reached around Rs85 billion in the ready market, the highest level seen in nearly 20 years. The sharp rise in turnover reflects growing investor confidence and strong participation across the market. According to market observers, the increase in trading volumes has been […]

FBR has told the Federal Constitutional Court (FCC) that Parliament has full authority to impose taxes with retrospective effect. During the hearing, FBR’s counsel argued that a tax law, once validly enacted, can apply to past transactions unless the Constitution clearly restricts such power. Appearing for the tax authority, Asma Hamid said taxation is a […]

Pakistan’s capital market is set to welcome a new Shariah-compliant entrant as the Securities and Exchange Commission of Pakistan (SECP) has cleared the Initial Public Offering of Pak-Qatar General Takaful Limited (PQGTL). The approval allows the company to move ahead with the public offering of 30 million ordinary shares. Following the IPO, these shares will […]