Huge increase in the rate of Gold, Rs.3800 per tola
KARACHI: Gold rate increase again in Pakistan, Rs.3800 per tola to Rs.234,800 In the Gold market, gold became more expensive by increased Rs.3800 per tola...
Uniform Cigarette Taxation: solution to Economic Losses and Health Concerns
Islamabad – Pakistan has suffered significant economic losses due to the dominance of the cigarette industry, high consumption rates and subsequent health cost over the...
PM calls for joint efforts to check smuggling, power theft, revenue evasion for country’s economic stability
Islamabad: Prime Minister Shehbaz Sharif has called for joint efforts to check smuggling, power theft, revenue evasion and other leakages to put the country on...
Finance Minister stresses reforming tax system to improve country’s economy
Islamabad: Finance Minister Muhammad Aurangzeb has stressed for reforming tax system to improve country’s economy. Addressing Gong ceremony at Pakistan Stock Exchange in Karachi this...
Expert says 26.6% uptick in FED on cigarettes can recover 19.8% healthcare cost of diseases caused by smoking
ISLAMABAD: The Society for the Protection of the Rights of the Child (SPARC) has urged the government to reduce the health cost burden by increasing...
Gold rates up by Rs.1,500 per tola
ISLAMABAD: The per tola price of 24 karat gold witnessed an increase of Rs.1,500 and was sold at Rs.231,000 on Thursday . The price of...
Bullish trend prevails at PSX as it closes at historic level of 67,142,12 points
ISLAMABAD:The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Thursday, gaining 594.34 points, a positive change of 0.89 percent, closing at...
Bullish trend continues at PSX as it gains 641 points
ISLAMABAD:The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend on Wednesday, gaining 641.51 points, a positive change of 0.97 percent, closing at...
Rupee gains 03 paisa against dollar in inter-bank trading
ISLAMABAD:Pakistani Rupee on Wednesday gained 03 paisa against the US dollar in the inter bank trading and closed at Rs 278.04 against the previous day’s...
Gold rates up by Rs.100 to Rs.229,500 per tola
ISLAMABAD:The per tola price of 24 karat gold witnessed an increase of Rs.100 and was sold at Rs.229,500 on Wednesday. The price of 10 grams...
Implementation of IMF proposal for tobocco tax reforms urged
Islamabad: The International Monetary Fund (IMF) has recommended implementing a uniform tax structure on the tobacco industry to increase revenue. The report titled ‘Pakistan –...
Law Minister chairs meeting over tax reforms, tax collection
Islamabad: Minister of Law and Justice Azam Nazeer Tarar says Federal Board of Revenue (FBR) will nominate full time departmental representative for courts. The Minister...
Ahsan for focusing on exports to increase foreign exchange reserves
Islamabad: Minister for Planning and Development Ahsan Iqbal has emphasized the need for focusing on exports to increase foreign exchange reserves. Chairing a meeting of...
PSX bullish trend witnesses with increase of 380 points.
KARACHI: Pakistan Stock Exchange seen bullish trend on the second day of business week. On the second day of the business week, there was a...
Pak Rupee gets stronger against US dollar
KARACHI: The dollar value has become cheap in the currency market In the currency market the dollar has become cheaper against Pakistani rupee by 6...
Gold price shoot up again in Pakistan by Rs.1200 per tola.
KARACHI: Gold rate up by Rs.1200 per tola to Rs.229,400 Gold became expensive again, with an increase of Rs.1200 gold per tola reached to Rs.229,400 ...
Supply of electricity is essential in Gwadar & No delay will be accepted: Ahsan Iqbal
ISLAMABAD: Federal Planning Minister Ahsan Iqbal said that a delay in the power supply to Gwader is not acceptable. Federal Planning Minister Ahsan Iqbal said...
PSX seen positive trend, gain 373 points.
KARACHI: Pakistan Stock Exchange witnessed positive trend on the first day of business week Pakistan Stock Exchange had positive trend on the first day of...
PM directs to make track, trace system functional to prevent tax evasion
Islamabad: Prime Minister Shehbaz Sharif has directed the authorities concerned to make the track and trace system fully functional in all sectors, including tobacco, cement,...
Taxing cigarettes in Pakistan declined smoking by 20 to 25 pc, reveals IMF
ISLAMABAD: The International Monetary Fund (IMF) has revealed that following a significant increase in prices or taxes on tobacco products, the consumption of cigarettes in...
Finance Minister lauds Punjab CM’s measures for social welfare
Lahore: Federal Finance Minister Muhammad Aurangzeb held a meeting with Punjab Chief Minister Maryam Nawaz in Lahore today. During the meeting, they discussed country’ economic...
Gold prices stable at yesterday rate
ISLAMABAD:The per tola price of 24 karat gold witnessed no change and was traded at Rs.228,200 on Monday, today in the local market. The price...
PM reconstitutes ECC as Finance Minister to head ECC as a Chairman
Islamabad: Prime Minister Shahbaz Sharif will no longer chair cabinet Economic Coordination Committee (ECC) while he has reconstituted the committee. After the reconstitution, Finance Minister...
Pakistan, China decide to expedite phase two of CPEC projects
Islamabad: Pakistan and China have decided to expedite the phase two of CPEC projects and establish a Working Group on five new Economic Corridors under...
Reko Diq project prove to be game changer for development of Balochistan and region: PM
Islamabad: Prime Minister Shehbaz Sharif has said Reko Diq project will prove to be a game changer for the development of Balochistan and the region....
Finance Ministry kicks off preparation for Budget 2024-2025
Islamabad Federal Ministry of finance has started preparation for budget for fiscal year 2024 to 2025. Sources said that the preferential committee meetings for determination...
IMF recommendations for uniformed tax on tobacco products welcomed
Islamabad: The Capital Calling has welcomed the reports that International Monetary Fund (IMF) has asked Pakistan to impose uniform excise rates on both local and...
US dollar devalues by 23 paisas in Inter-bank trading
Karachi: The US dollar devalued on Wednesday by 23 paisas in inter-bank trading. After a decrease of 23 paisas the dollar price closed at Rs...
Gold rates up by Rs.500 to Rs.227,800 per tola
ISLAMABAD:The per tola price of 24 karat gold witnessed an increase of Rs.500 and was sold at Rs.227,800 on Wednesday compared to its sale at...
PSX continues with bullish trend, gains 229 points
ISLAMABAD:The 100-index of the Pakistan Stock Exchange (PSX) continued with bullish trend for third consecutive day on Wednesday, gaining 229.20 points, a positive change of...
IMF reaches staff-level agreement with Pakistan on final review
ISLAMABAD: Pakistan and the International Monetary Fund (IMF) Wednesday struck a staff-level agreement on the second and final review under the US $3 billion Stand-By...
Expert call for taxing tobacco to help channelize public health initiatives
ISLAMABAD: The calls for raising taxes on tobacco are gaining momentum as Dr. Muhammad Zaman endorses the policy that imposing taxes on tobacco saves lives....
PSX bullish trend, crossed the 65,000 limit.
KARACHI: The Pakistan Stock Exchange witnessed positive trend on the second day of business week. Due to boom, the Hundred index crossed the limit of...
Gold rates increase by Rs.400 per tola
KARACHI: Gold rate up again, the price of Gold per tola reached to Rs.227,300 Gold has become expensive, with an increase of Rs.400 gold has...
IMF, Pakistan staff level agreement regarding bailout program to discuss tomorrow.
ISLAMABAD: Economic review talks between Pakistan and the IMF review mission have been completed, IMF extends review of Pakistan ‘s 3 billion bailout program till...
Dollar value decreases by 14 paisa against Pak rupee
KARACHI: American Dollar down by 14 paisa in interbank against Pakistani rupee In Interbank dollar value fall by 14 paisa to Rs.278.74 in interbank, while...
PSX gain 74 points, shows positive trend on the first day of business week.
KARACHI: Pakistan Stock Exchange witnessed positive trend as its gain 74 points, on the first day of business week. Pakistan Stock Exchange seen to be...
Gold rate fall by Rs.600 Per tola
KARACHI: Gold Price decreased by Rs.600 per tola in the Gold market. Gold price down by Rs.600 per tola in the Gold market, the gold...
SBP announces new monetary policy for next one and half month
Karachi: The State Bank of Pakistan on Monday announced a new monetary police for next one and half month. According to the new policy an...
SIFC signs agreement with Najd Gateway Holding Company of KSA in livestock sector
Islamabad/Riyadh: Special Investment Facilitation Council (SIFC) has signed an agreement with Najd Gateway Holding Company of Saudi Arabia in the livestock sector. The agreement includes...
Govt ensures IMF to speed up plan of privatization
Islamabad: The government has ensured the International Monetary Fund (IMF) to speed up on a plan of privitization. Sources said that the federal government has...
Nadeem Jan calls for 50 percent increase in taxation to deter smoking among youth
Islamabad: Former Federal Minister for National Health Services, Dr Nadeem Jan called for a significant increase in cigarette taxation by 50% to deter smoking among...
Diesel price reduces by Rs. 1.35 P/L while petroleum price stables
ISLAMABAD: The finance Ministry has announced a reduction the price of diesel by Rs. 1.35 while deciding to maintain the price of petrol According to...
PSX look negative trend, losses 247 points.
KARACHI: Pakistan Stock Exchange had a negative trend on the last day of business week, Hundred index went below the 65,000 mark. Pakistan Stock Exchange...
FBR presents its tax earning plan to IMF in talks held today
Islamabad: The Federal Board of Revenue (FBR) in its talks with the International Monetary Fund (IMF) on Friday, today presented its tax earning plan to...
IMF seeks govt privatization plan of state enterprises
Islamabad: As a negotiations continued between the government and the International Monetary Fund (IMF) on second day, the financial body has sought a privatization plan...
SPARC welcomes Finance Minister appointment urges him to consider tobacco taxation avenue for bolstering economy
Islamabad: The Society for the Protection of Rights of the Child (SPARC) warmly welcomed the appointment of Muhammad Aurangzeb as the country’s new minister and...
Pakistan Railways sets record with longest, heaviest freight train run in history
Lahore: Pakistan Railways has set a record with the longest and heaviest freight train run in their history. According to the spokesperson, the freight train,...
DFA demands from administration to increase fresh milk price to Rs.230 P/L
KARAHCI: The Dairy Farm Association demanded from administration to increase fresh milk prices to Rs. 230 per liter also warned shortage of dairy products in...
Govt to start work on five new economic corridors: Ahsan
Islamabad: Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has directed to expedite the implementation on CPEC project as no further hindrance will be...