Data from the online money transfer service WorldRemit shows that the week before Eid-al-Fitr was the company’s busiest period for… Read More
Xiaomi Posts a 27% Boost in Revenues for Q1 2019
This was despite declining sales in China.… Read More
US Dollar Reaches Rs. 153 in Open Market
The US dollar continues its upward trend against the Pakistani Rupee for the fourth consecutive day, reaching a new all-time… Read More
SBP Makes Steep Hike of 150 Bps in Policy Rates to 12.25%
State Bank of Pakistan (SBP) has dropped a bomb of 1.5 % hike of the policy rate on the economy,… Read More
Pakistani Rupee Crashes to Rs. 146 Against US Dollar
Just days after securing a $6 billion bailout package from IMF to help to stabilize its foreign currency reserves, the… Read More
Pakistan Retains Emerging Market Status at MSCI Index
Pakistan has retained its emerging market status in Morgan Stanley Capital International (MSCI) Emerging Market (EM) Index after avoiding a… Read More
Profit Repatriation by Foreign Companies Goes Down by 34%
The commercial and business activities by foreign investors and multinational companies have seen a slow down due to the economic… Read More
Remittances to Pakistan Expected to Hit $2 Billion This Month
Remittance inflows from overseas Pakistanis are likely to go up to $2 billion in May due to Ramadan. Overseas Pakistanis… Read More
Pakistan and IMF Reach Agreement on a $6 Billion Bailout Package
Pakistan and International Monetary Fund (IMF) have finally reached an agreement for a bailout package of $6 billion. According to… Read More
ICAP Proposes a 30% Digital Tax for Foreign Companies
The Federal Board of Revenue (FBR) has received a recommendation to introduce a 30 percent digital tax in Budget 2019-20.… Read More
Pakistan Needs to Pay Back Loans of $2.575 Billion in May-June
During the last two months (May-June) of the ongoing fiscal year 2018-2019, Pakistan will have to $2.575 billion to international… Read More
Shabbar Zaidi Appointed As Chairman FBR
The Pakistan Tehrike-e-Insaf (PTI)-led federal government has appointed Shabbar Zaidi as the new chairman of the Federal Board of Revenue… Read More
