The Pakistani Rupee (PKR) opened 2023 all red against the US Dollar (USD) and posted losses during intraday trade today.… Read More
Forex Companies to Help Improve Rupee’s Value With Special Plan
Foreign exchange companies will visit other countries, collect US dollars and bring them to Pakistan. Exchange firms have decided to… Read More
Pakistanis Traded Gold Worth Rs. 114 Billion in December As Prices Hit Multi-Year High
Gold worth Rs. 114 billion was traded in December 2022 with people seeing more value in adding the commodity to… Read More
Federal Govt Reduces Fund Releases For Q1 and Q2 FY23
The Federal Government has amended its funds’ release strategy for development projects for the current fiscal year 2022-23, and downward… Read More
Pakistan’s Inflation Rises to 24.5% in December 2022
Pakistan’s Consumer Price Index-based inflation increased to 24.5 percent on a year-on-year (YoY) basis in December 2022 as compared to… Read More
Another IMF Program is The Only Solution For Pakistan’s Economic Crisis
Given Pakistan’s huge external debt issues and worsening domestic economic clout, another International Monetary Fund (IMF) program remains the only… Read More
Withholding Tax Collected From Salaries Increased by 29.2% in FY22
The withholding tax collection from the salaried class witnessed 29.2 percent growth in 2021-22 as compared to the corresponding period… Read More
Summit Bank Will Become an Islamic Bank in 3 Years
The management of Summit Bank has planned to transform the operation of the bank from interest-based to Shariah-based banking mode… Read More
FTO Study Reveals the Most Effective Mechanism to Get Justice From FBR
Taxpayers are not aware that the decisions of the Federal Tax Ombudsman (FTO) under the facility of the informal Alternative… Read More
Pakistan Urges World Bank to Restructure Financial Inclusion and Infrastructure Project
The government has requested the World Bank for restructuring the “Pakistan Financial Inclusion and Infrastructure Project” to complete the national… Read More
PSX Among Worst Performing Markets in the World in 2022
Economic and political issues badly affected the Pakistan Stock Exchange (PSX) during the calendar year 2022. According to Topline Securities,… Read More
Service Industries to Expand its Footprint in Singapore
Service Industries, through its subsidiary, has decided to incorporate a new company in Singapore, HoldCo, according to a stock filing.… Read More
