Car sales decline 3.2 percent in July – January
KARACHI: The sale of locally assembled motor vehicles has declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value.
February 11, 2019
Banking deposits decline to Rs13.057 trillion by January 2019
KARACHI: The deposits of banking system has declined by 2.22 percent to Rs13.057 trillion by end of January 2019 as compared with Rs13.35 trillion as of December 31, 2018.
Shah Muhammad posted as Member Admin
ISLAMABAD: Federal Board of Revenue (FBR) on posted Shah Muhammad, an officer of Inland Revenue Service (IRS) BS-21 as Member Administration, FBR, Headquarters.
Remittances grow by 12.22pc to $12.77 billion in seven months
KARACHI: The remittances sent by overseas Pakistanis have increased by 12.22 percent to $12.774 billion during first seven months (July – January) 2018/2019 as compared with $11.383 billion in the corresponding period of the last…
Pakistan’s import bill declines by 19.14pc in January
ISLAMABAD: Pakistan’s import bill has declined by 19.14 percent to $4.5 billion in January 2019 as compared with $5.57 billion in the same month of the last year, according to official statistics released on Monday.
Moody’s downgrades rating for Pakistan banks
KARACHI: Moody’s Investors Service has changed its outlook for the banking system in Pakistan (B3 negative) to negative from stable.
Equity market erodes by 591 points despite encouraging reports from UAE
KARACHI: The equity marked eroded by 561 points on Monday despite positing new from Government Summit in the UAE.
Rupee falls by 54 paisas against dollar on import, corporate demand
KARACHI: The Pak Rupee fell by 54 paisas against the US dollar on Monday amid higher demand for import and corporate payments, dealers said.
Textile mills demand uninterrupted gas supply for achieving export target
KARACHI: Textile mills have demanded federal and provincial government to ensure uninterrupted gas supply for achieving exports target.
FBR launches Urdu version of Customs Act
ISLAMABAD: Federal Board of Revenue (FBR) has launched the first Urdu Version of the Customs Act, 1969 for the convenience and benefit of the traders and the business community.
Prices of essential items rise by 13.74 percent for income group above Rs35,000
ISLAMABAD: Prices of essential items have registered increase by 13.74 percent for income group above Rs35,000 for the week ended February 07, 2019 as compared with the ending of same week a year ago, according…
Rupee depreciates by 40 paisas against dollar in early trading
KARACHI: The Pak Rupee depreciated by 40 paisas against dollar in early trade on Monday owing to high demand after weekly holidays.