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. Read more »

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. Read more »

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. Read more »

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... Read more »

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... Read more »

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. Read more »

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. Read more »

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. Read more »

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. Read more »

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. Read more »