RD regime brings down import by 23pc

ISLAMABAD: The recently imposed regulatory duties on luxury and non-essential items have brought down imports by 23 percent in December 2018.     A statement on Thursday said that the decline in... Read more »

Auto sales post 12-year growth in December on MoM basis

KARACHI: Pakistan Auto sales are up by percent Year-on-Year (YoY) in December 2018, as against 17 percent YoY decline in November 2018.       Moreover, sales are up 11 percent Month-on-Month... Read more »

Remittances grow by 10pc to $10.7 billion in July – December

KARACHI: Overseas Pakistani workers have remitted $10.719 billion during the first half (July to December) of fiscal year 2018-2019, showing a growth of 10 percent compared with $9.745 billion received during the... Read more »

Pakistan’s forex reserves fall by $240 million to $13.597 billion

KARACHI: Pakistan’s foreign exchange reserves fell by $240 million to $13.597 billion by week ended January 04, 2019 as compared with $13.837 billion in the preceding week, State Bank of Pakistan (SBP)... Read more »

Regulatory Duty imposition affects Pak-Sri Lanka trade

KARACHI: Consul General of Sri Lanka G. L. Gnanatheva, while highlighting some the obstacles in way of smooth trade between Pakistan and Sri Lanka, particularly mentioned that the imposition of Regulatory Duties... Read more »

KSE-100 gains 169 points on activities in E&P sector

KARACHI: The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended with gain of 169 points on Thursday on enhanced activities in scrips of exploration and production sector.       The... Read more »

Rupee gains value against dollar

KARACHI: The rupee gained strengthened by five paisas against dollar on Thursday owing to inflows of remittances and export receipts, dealers told PkRevenue.com.     The rupee gained five paisas to end... Read more »

Profit on Debt: FBR makes mandatory for banks to provide details of account holders

ISLAMABAD: Federal Board of Revenue (FBR) has made it mandatory for banks to provide details of all those persons receiving profit on their deposits exceeding Rs 1 million for filers and Rs500,000... Read more »

Cement dispatches down to 3.87 million tons in December

KARACHI: Provisional cement data for the month of December 2018 indicates a 1 percent MoM decline in dispatches to 3.87 million tons (November 2018 at 3.90 million tons) owed to weak demand... Read more »