Dollar soars to Rs176.65 in intraday trade, reaches new high
The Pakistani currency plunged to an all-time low of Rs176.65 against the US dollar during intraday trading on Thursday.
In the interbank market,...
Surging imports, rise in T-bill yields trigger PSX bloodbath
The Pakistan Stock Exchange (PSX) on Thursday witnessed a bloodbath with the benchmark KSE-100 index losing over 2,100 points.
The market opened on...
Govt increases levy, GST on POL products to meet IMF conditions
ISLAMABAD: The government will charge Rs41.71 per litre on the sale of high speed diesel (HSD) and Rs38.57 per litre on petrol...
Exports surge to record monthly high of $2.9bn in November
Advisor to Prime Minister on Trade and Investment Abdul Razak Dawood on Wednesday said that Pakistan’s exports increased to a record high...
Samsung starts mobile phone production in Pakistan
Mobile phone giant Samsung has started production in Pakistan, giving hope to both the authorities and the industry that the move would...
Inflation rises to 11.5pc in November, highest in 21 months
ISLAMABAD: Inflation during November has registered the highest rise in 21 months with an 11.5 per cent jump on a year-on-year (YoY)...
OGRA announces Rs14.31 per kg cut in LPG price for December
ISLAMABAD: The Oil and Gas Regulatory Authority (OGRA) on Tuesday announced a Rs14.31 per kilogramme cut in the prices of Liquefied Petroleum...
FBR exceeds tax collection target set for 5MFY22
ISLAMABAD: The Federal Board of Revenue (FBR) has collected Rs2,314 billion tax during the first five months of the current fiscal year...
Covid-19 audit reveals Rs5.24bn corruption by USC
ISLAMABAD: The federal government on Monday released the audit report of expenditures made under COVID-19 related measures, revealing irregularities worth Rs5.24 billion...
FBR tightens noose around real estate agents, developers
ISLAMABAD: The Federal Board of Revenue (FBR) has ordered real estate agents, builders and developers to obtain registration certificates before January 1,...
Rupee slumps to new historic low of 176.20
The Pakistani rupee lost more ground on Monday, plunging to an all-time low of Rs176.22Â against the United States (US) dollar in...
SSGC suspends gas supply to CNG stations across Sindh, Balochistan till Feb 15
ISLAMABAD: The Sui Southern Gas Company Limited (SSGCL) on Monday announced to suspend gas supply to the CNG sector in Sindh and...
Cabinet to abolish Rs350bn tax exemptions
ISLAMABAD: The federal cabinet will approve the Tax Laws (Fourth Amendment) Bill to abolish Rs350 billion tax exemptions and restore the standard 17...
President Alvi stresses trade, investment integration among ECO states
ASHGABAT: President Dr Arif Alvi has underlined the need for integration among Economic Cooperation Organisation (ECO) states in terms of trade and...
Karachi’s Green Line bus project to begin operations on Dec 25: Asad Umar
ISLAMABAD: The much-delayed Green Line bus project in Karachi appears close to completion as Planning Minister Asad Umar on Sunday said that...