PM’s economic team to hold dialogues with business community for growth

Aug 30

Finance

PM’s economic team to hold dialogues with business community for growth

ISLAMABAD: The economic team of the Prime Minister will hold dialogues with business community to take input for economic stability and growth. A meeting decided this on Friday to promote dialogue with the business community to seek their views on increasing the pace of growth and achieving economic stability. Prime Minister Imran Khan chaired the […]

by Mrs. Anjum Shahnawaz

SBP urges business community to discourage cash transactions

Aug 30

Trade & Industry

SBP urges business community to discourage cash transactions

KARACHI: The governor of State Bank of Pakistan (SBP) Dr. Reza Baqir has urged the business community to discourage cash transactions in order to help the economy to grow. Addressing the members of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Friday the SBP governor stressed the need to promote transactions through banking […]

by Mrs. Anjum Shahnawaz

Aug 30

Pakistan Customs

FBR transfers BS-20 officers of Pakistan Customs Service

ISLAMABAD: Federal Board of Revenue (FBR) has notified transfers and postings of officers of BS-20 Pakistan Customs Service (PCS) with immediate effect and until further orders. The following customs officers have been transferred and posted: 01. Dr Samina Taslim Zehra (Pakistan Customs Service/BS-20) has been transferred and posted as Director, Directorate of Input Output Co-efficient […]

by Mrs. Anjum Shahnawaz

Aug 30

Stock & Commodity

Stock market falls by 487 points

KARACHI: The stock market fell by 487 points on Friday as bearish trend prevailed on major scrips. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 29,672 points as against 30,159 points showing a decline of 487 points. Analysts at Arif Habib Limited said that the market traded in a narrow band of […]

by Mrs. Anjum Shahnawaz

Rupee ends with 36 paisas gain against dollar

Aug 30

Money & Banking

Rupee ends with 36 paisas gain against dollar

KARACHI: The Pak Rupee ended with gain of 36 paisas against dollar on Friday owing to improved inflows of remittances and export receipts. The rupee ended Rs156.86 to the dollar from previous day’s closing of Rs157.22 in interbank foreign exchange market. The currency experts said that the rupee value was improved on inflows of remittances […]

by Mrs. Anjum Shahnawaz

Aug 30

Money & Banking

Rupee gains 47 paisas in mid-day trade

KARACHI: The Pak Rupee made significant gain of 47 paisas against dollar in mid-day trading on Friday owing to inflows of remittances and export receipts. The dollar is being traded at Rs156.75 to the dollar in interbank foreign exchange market in early trading. The exchange rate ended at Rs157.22 to the dollar in interbank foreign […]

by Mrs. Anjum Shahnawaz

Aug 30

Money & Banking

Rupee gains 27 paisas in early trade

KARACHI: The Pak Rupee made significant gain of 27 paisas against dollar in early day trading owing to inflows of remittances and export receipts. The dollar is being traded at Rs156.95 to the dollar in interbank foreign exchange market in early trading. The exchange rate ended at Rs157.22 to the dollar in interbank foreign exchange […]

by Mrs. Anjum Shahnawaz

FBR issues draft corporate income tax return form

Aug 30

Taxation

FBR issues draft corporate income tax return form

The Federal Board of Revenue (FBR) took a significant step on Thursday as it released the draft return forms for tax year 2019, specifically designed for companies.

by Mrs. Anjum Shahnawaz

SBP issues banknotes bearing Reza Baqir’s signature

Aug 30

Money & Banking

SBP issues banknotes bearing Reza Baqir’s signature

KARACHI: State Bank of Pakistan (SBP) will issue bank notes bearing signature of SBP Governor Dr. Reza Baqir from August 30, 2019. A statement issued by the central bank on Thursday said that it will start issuing banknotes bearing the signature of SBP Governor Dr. Reza Baqir with effect from August 30, 2019 from the […]

by Mrs. Anjum Shahnawaz

Foreign exchange reserves increase by $25 million to $15.63 billion

Aug 30

Finance

Foreign exchange reserves increase by $25 million to $15.63 billion

Karachi – The State Bank of Pakistan (SBP) has reported an increase of $25 million in the country’s liquid foreign exchange reserves, bringing the total to $15.63 billion for the week ending August 23, 2019.

by Mrs. Anjum Shahnawaz