KARACHI: The car sales have declined by 3.2 percent during first seven months of current fiscal year despite higher prices owing to depreciation of rupee value.
(more…)Day: February 11, 2019
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Banking deposits decline to Rs13.057 trillion by January 2019
The deposits in Pakistan’s banking system witnessed a decline of 2.22 percent, totaling Rs13.057 trillion by the end of January 2019, as compared to Rs13.35 trillion recorded on December 31, 2018.
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Shah Muhammad posted as Member Admin
The Federal Board of Revenue (FBR) has undergone a strategic administrative reshuffle with the appointment of Shah Muhammad, a distinguished officer of the Inland Revenue Service (IRS) BS-21, as the new Member Administration at FBR Headquarters.
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Remittances grow by 12.22pc to $12.77 bn in seven months
KARACHI, February 12, 2019 – In a testament to the enduring support from overseas Pakistanis, remittances to the country have experienced a remarkable surge, witnessing a robust 12.22 percent increase to reach $12.774 billion during the first seven months of the fiscal year 2018/2019.
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Pakistan’s import bill declines by 19.14pc in January
ISLAMABAD, February 5, 2019 – In a positive economic development, Pakistan’s import bill experienced a notable contraction, decreasing by 19.14 percent to $4.5 billion in January 2019, as reported by official statistics released on Monday.
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Moody’s downgrades rating for Pakistan banks
Moody’s Investors Service, a globally renowned credit rating agency, has altered its outlook for Pakistan’s banking system from stable to negative, citing concerns over the sector’s exposure to the nation’s low-rated sovereign debt and a decelerating economy.
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Equity Market Declines 591 Points Despite Positive UAE Reports
KARACHI: The Pakistan Stock Exchange (PSX) experienced a downturn of 561 points on Monday, closing at 40,327 points, down from the previous session’s 40,887 points, despite positive developments from the Government Summit in the UAE.
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Rupee falls 54 paisas to dollar on payment demand
KARACHI: The Pakistani Rupee experienced a decline of 54 paisas against the US dollar on Monday, signaling increased demand for imports and corporate payments, according to market dealers.
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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.
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FBR launches Urdu version of Customs Act
Islamabad – The Federal Board of Revenue (FBR) has taken a significant step towards accessibility and transparency by launching the first Urdu version of the Customs Act, 1969.
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