Recent Post:
Pakistan Railways faces 130pc surge in bogies’ import cost
ISLAMABAD: Amid strong objections from ministries of Finance and Planning, Pakistan Railways is seeking 130 percent increase in procurement cost of around 1,050 bogies to Rs 71 billion mainly because of currency depreciation and change of specificati...
Rupee records marginal decline against dollar
KARACHI: Rupee registered marginal decline against dollar, depreciating 0.02 percent in interbank market. At close, domestic unit settled at 277.74, loss of 0.06 paisa against greenback. In interbank market bid rate for dollar was to Rs 277.74 and f...
Pakistan, Russia to boost trade via enhanced banking channels
Islamabad: Prime Minister Shehbaz Sharif highlighted significant potential for cooperation between Russia and Pakistan across various fields during meeting with Valentina Matviyenko, Speaker of Federation Council of Russian Federal Assembly here. He...
Gold price per tola decreases Rs900
Karachi: Gold price declined in line with decrease in international rate. In local market, price of gold per tola was down by Rs 900, clocking in at Rs 283,400 per tola. Similarly, ten gram gold was sold at Rs 242,970 after it recorded decrease...
PSX, KSE-100 gains 202pts
KARACHI: Pakistan Stock Exchange (PSX) KSE-100 Index registering new highs, briefly crossing 91,000 level for first time during intra-day trading. KSE-100 started session positive, hitting an intra-day high of 91,054.84, followed by some selling in s...
PM Shehbaz to attend Future Investment Initiative in SA on Oct 29-30: FO
Islamabad: Prime Minister Shehbaz Sharif will undertake two-day official visit to Kingdom of Saudi Arabia to attend 8th Edition of Future Investment Initiative (FII) being held in Riyadh from October 29 to 30, Foreign Office said. During visit, he i...
PSX hits new heights: Breaks 90,000 barrier amid positive economic data
KARACHI: The Pakistan Stock Exchange (PSX) celebrated a significant milestone on Friday as the KSE-100 index soared past the 90,000-point mark during intra-day trading. At 11:58 am, the index stood at 90,087.41 points, reflecting a 1.25% increase fro...
Aurangzeb explores climate financing, trade deals with global institutions
Washington: Finance Minister Muhammad Aurangzeb engaged with global financial institutions, including Standard Chartered Bank and Islamic Trade Finance Corporation (ITFC), exploring climate financing and trade opportunities. As per statement release...
PM for using technology to improve tax, revenue collection
ISLAMABAD: Prime Minister Shehbaz Sharif directed Federal Board of Revenue (FBR) to utilise modern technology to improve collection mechanism of taxes and revenues. Chairing review meeting on FBR reforms, he instructed measures for capacity building...
FBR raises sales tax on tractors in Pakistan
ISLAMABAD: The Federal Board of Revenue (FBR) has announced a 4 percent increase in sales tax on tractors. As per the notification from the FBR, the sales tax on domestically produced tractors has risen from 10% to 14%, with the same adjustment apply...
