KARACHI: The foreign exchange reserves were flat at $14.966 billion by week ended March 08, 2019, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange reserves of the country increased by $10 million to $14.965 billion as compared with $14.956 billion a week ago. The reserves held by SBP also increased by $6 […]
KARACHI: The equity market ended down by 120 points in narrow trading activities on Thursday. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 38,808 points as against 38,929 points showing a decline of 120 points. Analysts at Arif Habib Limited said KSE-100 index went down again by the end of session, although […]
KARACHI: The Pak Rupee lost 38 paisas against dollar on Thursday after indication of the government for entering IMF program. The rupee ended Rs139.19 to the dollar from previous day’s close of Rs138.81 in interbank foreign exchange market. The interbank foreign exchange market was initiated in the range of Rs138.92 and Rs138.99. The market recorded […]
KARACHI: The government has granted exemption from deduction of income tax on cash withdrawal by non-filers from Pak Rupee bank accounts, which have been opened for receiving foreign remittances. Through Finance Supplementary (Second Amendment) Act, 2019 a clause 101A has been inserted to Second Schedule of Income Tax Ordinance, 2001. It said: “The provisions of […]