Debt servicing is eating up 48 percent of total government earnings mainly due to high interest rates during the first… Read More
Provinces Struggling to Properly Tax Agricultural Sector: Chairman FBR
Chairman of the Federal Board of Revenue (FBR), Malik Amjed Zubair Tiwana, Wednesday informed the Senate Standing Committee on Finance… Read More
Rupee Declines 3rd Day in a Row Against US Dollar, Other Currencies
The Pakistani rupee lost further ground against the US Dollar today after opening trade at 278 in the interbank market.… Read More
Profit Repatriation Hits 17-Month High of $164 Million in September 2023
Foreign companies’ repatriation of profits and dividends rose to $163.7 million in September 2023, up by 448 percent from $29.9… Read More
IMF Mission to Visit Pakistan Next Week
The International Monetary Fund (IMF) mission will visit Pakistan on November 2, 2023, for the economic review of the $3… Read More
Engro Corp’s Profit Up 61% to Rs. 22.4 Billion in Q3 2023
Engro Corporation Limited (PSX: ENGRO) reported a consolidated profit of Rs. 22.39 billion, up 61.1 percent year-on-year (YoY) in 3QCY23.… Read More
Rupee Falls 2nd Day in a Row Against US Dollar, Other Currencies
The Pakistani rupee reported more losses against the US Dollar today after opening trade at 279 in the interbank market.… Read More
SBP Increases Retention Rate to 50% on Foreign Currency Accounts for Freelancers
The State Bank of Pakistan (SBP) has enhanced the retention rate from 35 percent to 50 percent on special foreign… Read More
SBP Forecasts GDP Growth Rate to Settle Between 2 to 3% in FY24
The State Bank of Pakistan (SBP) has projected that the GDP growth rate will settle between 2 and 3 percent… Read More
Rupee Falls Against US Dollar, Other Currencies
The Pakistani rupee was bearish against the US Dollar and posted losses today after opening trade at 280 in the… Read More
SBP Introduces Improved Framework for Opening Freelancers’ Bank Accounts
To further facilitate the freelancers, the State Bank of Pakistan (SBP) has developed a comprehensive framework for opening and operating… Read More
Govt Starts Process to Appoint Vice President ECO Trade and Development Bank
The government has initiated the process for appointing Vice-President of the Economic Cooperation Organization (ECO) Trade and Development Bank (ETDB)… Read More
