KARACHI: Car loans in Pakistan witnessed a significant decline of 55.3 percent during the first quarter of the current fiscal year, primarily attributed to government restrictions on non-filers purchasing cars.
(more…)Day: January 30, 2019
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Prime Minister directs FBR to focus on big tax evaders
ISLAMABAD: Prime Minister Imran Khan has directed the Federal Board of Revenue (FBR) to intensify efforts in recovering taxes from major evaders.
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British Airways will increase Pakistan’s connectivity: SAPM
ISLAMABAD: Zulfikar Bukhari, the Special Assistant to the Prime Minister on Overseas Pakistanis & Human Resource, has highlighted the potential for increased connectivity and tourism opportunities between Pakistan and the rest of the world with the support of British Airways.
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State Bank sells T-Bills worth Rs103.9 billion
KARACHI: The State Bank of Pakistan (SBP) successfully raised Rs103.9 billion through the sale of Market Treasury Bills (MTBs) in an auction held on Wednesday.
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Port Qasim launches night navigation system
KARACHI: Pakistan has inaugurated the night navigation system for large vessels at Port Qasim, marking a significant milestone in the country’s maritime history.
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Equity market witnesses selling ahead of policy rate announcement
KARACHI: The equity market experienced a day of selling pressure on Wednesday, with the benchmark KSE-100 index closing at 40,607 points, marking a decline of 17 points from the previous day’s close of 40,624 points.
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Interbank market ends with rupee appreciation
KARACHI: The interbank foreign exchange market witnessed a positive shift on Wednesday as the Pakistani Rupee (PKR) gained 7 paisas against the US Dollar.
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FPCCI to move review petition in demolition of illegal constructions
KARACHI: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has announced its decision to file a review petition before the Supreme Court of Pakistan (SCP) concerning the demolition of illegal and unauthorized constructions in Karachi.
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NBP becomes settlement bank for Mobi Direct Payment System
KARACHI: National Bank of Pakistan (NBP) has signed an agreement to become settlement bank for Mobi Direct’s digital payment system.
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Rupee continues gain in early trade
KARACHI: The Pakistani Rupee (PKR) continued its upward trajectory against the US Dollar in early trading on Wednesday, strengthening by 11 paisas.
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