Bank holiday
KARACHI: The State Bank of Pakistan (SBP) on Thursday announced that the offices of the central bank will remained closed on February 05 on the occasion of Kashmir Solidarity Day. The commercial banks…
January 2019
US Dollar investment certificates launched for overseas Pakistanis
ISLAMABAD: Prime Minister Imran Khan launched the ‘Pakistan Banao’ US Dollar Certificates exclusively for overseas Pakistanis in a ceremony held here on Thursday. A statement said that it is an attractive investment opportunity…
Nominal reduction in petroleum prices announced
ISLAMABAD: The government has made nominal changes to prices of petroleum products as per liter petrol price reduced by Rs0.59 to Rs90.38.
Sindh Engro Coal becomes first ISO certified pit mining company
KARACHI: Sindh Engro Coal Mining Company (SECMC) has become world’s first and only pit mining company to get ISO-45001:2018 certification, a statement said on Thursday. The certification has been granted after six months…
Ufone celebrates 18th anniversary
ISLAMABAD: Ufone of Pakistani Telecom Company celebrated its 18th anniversary at Ufone Tower, Islamabad, and in other offices across the country with great zeal. The 18 years of commercial operations reaffirm Ufone’s…
Pakistan’s foreign exchange reserves increase to $14.8 billion on inflows
KARACHI: Pakistan’s foreign exchange reserves have increased by $1.545 billion for the week ended January 25, 2019 owing to foreign inflows from Saudi Arabia and UAE, State Bank of Pakistan (SBP) said on Thursday. …
Pakistan Tax Bar asks FBR to extend last date for availing audit scheme
KARACHI: Pakistan Tax Bar Association (PTBA) on Thursday asked Federal Board of Revenue (FBR) to extend the last date up to March 31 for availing audit scheme under Section 214E of Income Tax Ordinance, 2001….
SBP raises key policy rate by 25bps to 10.25pc on inflationary concerns
KARACHI: State Bank of Pakistan (SBP) on Thursday decided to further increase key policy rate by 25 basis points to 10.25 percent for next two months effective from February 01, 2019 on concerns over increase…
Equity market gains on positive expectation of monetary policy
KARACHI: The equity market gained 192 points on Thursday on hopes of positive outcome of monetary policy to be announced shortly. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 40,800…
Interbank market ends with 35 paisas gain in rupee value
KARACHI: The US dollar weakened by 35 paisas against the Pak Rupee in Interbank Foreign Exchange Market on Thursday owing to foreign inflows and lower demand for import payment.
APTMA demands release of RPOs before issuance of promissory notes
KARACHI: All Pakistan Textile Mills Association (APTMA) on Thursday demanded the Federal Board of Revenue (FBR) to release all Refund Payment Orders (RPOs) before issuance of proposed promissory notes.
Rupee makes massive gain against dollar in mid-day trading
KARACHI: The Pak Rupee gained sharply by 42 paisas against dollar in mid-day trading on Thursday.