Rupee’s Upward Slide Against US Dollar Continues
The rupee’s upward trajectory against the US dollar in the interbank market continued on Thursday. According to the Forex Association of Pakistan (FAP), the rupee...
Govt Announces To Work On Riba-Free Banking System Following Federal Shariat Court Verdict: Ishaq Dar
Islamabad:Finance Minister Ishaq Dar on Wednesday (today) announced that State Bank of Pakistan (SBP) and National Bank of Pakistan (NBP) will withdraw their appeals from...
Govt Decides To Limit Foreign Currency Buying And Selling For Masses To Lower US Dollar Rate
Islamabad: The federal government has decided to limit foreign currency bought per person and limited outflow to $50,000 per year with the aim of lowering...
Govt to Limit Foreign Currency Purchase to Bring Down US Dollar
The coalition federal government has decided to limit foreign currency bought per person and limited outflow to $50,000 per year to lower the open market’s...
Petroleum Division Rejects Fuel Shortage Rumuours
ISLAMABAD: Amid news circulating regarding fuel shortage in the country, the Ministry of Energy Tuesday rejected such rumours and termed them as “baseless“. The Petroleum...
Govt Will Not Approach Paris Club for Debt Rescheduling: Ishaq Dar
Finance Minister Ishaq Dar has said regardless of challenges compounded by floods, it is utmost effort of the government to extend relief to the masses....
Pakistan’s Foreign Exchange Reserves Surge to 15-Week High
KARACHI: Pakistan’s foreign exchange reserves held by the State Bank of Pakistan (SBP) soared by nearly 20% — to a 15-week high — surpassing the...
Current Account Deficit Declines to $2.2 Billion in Q1
ISLAMABAD: The Current Account Deficit (CAD) declined to US $2.2 billion during the first quarter (Q1) of the current fiscal year as compared with the...
Govt Will Charge Tax On Pakistani-Owned Properties In Turkey
Islamabad: The Government of Pakistan has taken an initiative to document and tax immovable properties held by Pakistanis abroad in Turkey and approached the concerned...
Chinese Companies Show Interest in Investment, Joint Ventures in Pakistan
The Chinese companies have evinced keen interest in investment and joint ventures in Pakistan. During a meeting with Prime Minister Shehbaz Sharif in Beijing on...
JS Group Becomes Partner Of 500 Global To Bring Fund For Startups In Pakistan
The 500 Global, one of the most active venture capital firms in the world, has partnered with JS Group, one of Pakistan’s leading financial services...
PSX Stays Bullish, Gains 544 Points
Karachi : The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Tuesday, gaining 544.03 points, a positive change of 1.32 percent,...
OGRA Increases LPG Price
Islamabad: As winter rolls around, the Oil and Gas Regulatory Authority (OGRA) on Tuesday increased the price of liquefied petroleum gas (LPG) by Rs2.95 per...
Dollar Devalues In Both Inter-bank and Open Market Today
Karachi: Dollar has depreciated both in the interbank and open market on second day of week. The greenback devalued by 24 paisa in the interbank...
Govt Extends Income Tax Returns Filing Date Till Nov 30
ISLAMABAD: Federal Minister for Finance and Revenue Ishaq Dar Monday announced the government’s decision to extend the income tax returns filing date till November 30....
ECC Approves Import of 300,000 MT Wheat From Russia
The Economic Coordination Committee (ECC) has approved the summary for the purchase of 300,000 MT of wheat from Russia on a government-to-government (G2G) basis. The...
Fuel Prices To Remain Unchanged in Pakistan
The prices of petroleum products will remain unchanged effective from November 1, Finance Minister Ishaq Dar announced Monday, ahead of the International Monetary Fund’s (IMF)...
Gold Price Slides in Pakistan
KARACHI: Gold prices in Pakistan slipped on Monday as the rupee firmed while investors sought clarity on whether the political and economic uncertainty would take...
Rupee Snaps Losing Streak, Recovers By Rs1.58 Against USD
KARACHI: Pakistani currency recorded gains on the first working day of the week, as it made fresh recovery against the US dollar in the inter-bank...
ML-1 Railway: Pakistan, China Decide to Execute $10bn Project
ISLAMABAD: Pakistan and China agreed to execute the Mainline-1 (ML-1) railway project at an estimated cost of $10 billion. The Joint Coordination Committee (JCC) also...