Rupee likely to fall below 125 to dollar after Eid

The rupee’s approximately 4 per cent drop against the dollar last week, from 115.63 on Monday to 121.39 by the close on Thursday, once again rattled the currency market amid renewed fears of inflation and a Balance of Payments (BoP) crisis.

FBR to propose SC for scrapping 12.5 percent WHT on Rs1,000 balance recharge

In case of this tax remaining suspended in its entirety for the next financial year 2018-19, the overall accumulated losses in terms of revenue across Pakistan would jump to Rs123 billion

As trade war with China looms, U.S. readies second wave of duties

The $100 billion list will be subject to the same public comment and hearing process as the $50 billion list, so it could take 60 days or more to put into effect

Rupee nosedives to Rs124 against greenback in kerb market

In the last six months has depreciated 14 percent against the greenback and market experts are expecting further devaluation after Eid.

Cheetay seeks to enter difficult business segments, seize market share is intending to enter the grocery delivery segment this September and will commence services from Lahore

Board of PLTL rebuffs proposal to merge it with PLL

The board of both GHLPL, PLTL refused to give approval to this proposal and requested reasons as to why the PLL chief sought to merge PLL & PLTL

As water crisis deepens, drought reality hits Pakistani population

Per capita water availability has been on a downward trend for decades. In 1947, when Pakistan was created, the figure stood at about 5,000 cubic meters per person, according to the World Bank. Today it is 1,000 cubic meters

Local petroleum production up by 12.98pc in ten months

ISLAMABAD: The production of petroleum products witnessed 12.98 per cent increase during the first ten months (July-April) of the current fiscal year as compared...

Weekly inflation goes up by 1.71pc

ISLAMABAD: The weekly inflation for the week ended on June 13, for the combined income group witnessed an increase of 1.71 per cent as...

Customs set to end cases against Digicom, release smuggled Q-Mobile phones

Digicom Trading Pvt Ltd had cleared the containers of the phones in the cover of LED lights (bulbs) via a green channel on 31 October 2017. These mobile phones were brought to Pakistan without getting an approval of Pakistan Telecommunication Authority (PTA) and also without getting their IMEI numbers registered

US dollar stands strong at Rs121.50, rupee continues to fall

The dollar continued its upward trend in the interbank market on Thursday closing at Rs121.50, ahead of Eid, touching its intraday high at Rs122.00, meanwhile the State Bank of Pakistan’s (SBP) revaluation rate was Rs121.40.

Atlas Honda jacks up prices of motorbikes third time this year

The fresh price for its vastly popular model CD-70 is now Rs64,900, for Pridor Rs89,900, CB150F Rs167,000 and CD Dream Rs68,900

Pakistan imported 10 million tons LNG in last three years

LNG imports have resulted in savings of $3 billion to the national exchequer

Rupee depreciation, rising global oil prices justify increase in petrol prices: OICCI

FPCCI lambasted the government for increasing prices of petroleum products and taking short-term decisions on the excuse of economic stabilization

Budget deficit widens to Rs2.1 trillion during July-May FY18

The finance ministry officials quoting estimates said during April and May 2018, the budget deficit widened Rs617 billion or 1.8 percent of GDP

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China to extend support through short term loans

It was earlier rumoured that the caretaker government would opt for a bailout from the International Monetary Fund (IMF), however, after the caretaker setup denied such plans, Pakistan is likely to rely on short-term loans from China till the next government takes charge.