Foreign remittances increase to $13.3 billion in seven months

KARACHI: The overseas Pakistani workers have sent $13.3 billion as remittances during first seven months (July – January) of 2019/2020, showing 4.1 percent growth when compared with same period of the last... Read more »

Prime minister welcomes Pepsico’s investment plans

ISLAMABAD: Prime Minister Imran Khan has appreciated PepsiCo proposed future investment plans in Pakistan. Read more »

SBP enhances payment limits to $25,000 against freelance services

KARACHI: The State Bank of Pakistan (SBP) on Wednesday enhanced payment limits against freelance services from $5,000 per individual per month to $25,000 per individual per month. Read more »

Stock market gains 817 points on reports of downward revision in tax target

KARACHI: The stock market continued to make recovery on Wednesday and gained 817 points on Wednesday owing to reports of IMF affirmation to revise tax collection target downwards. Read more »

Rupee gains five paisas on export receipts inflow

KARACHI: The Pak Rupee gained five paisas against dollar on Wednesday owing to inflows of export receipts and workers’ remittances, dealers said. Read more »

Meezan Bank announces 70% growth in annual profit

KARACHI: Meezan Bank Limited on Wednesday declared 70 percent growth in its annual net profit for the period December 31, 2019. Read more »

DGRM authorized to manage risk involved in customs clearance

KARACHI: Directorate General of Risk Management (DGRM) has been authorized to manage risk involved in customs clearance of containerized, LCL and bulk cargo. Read more »

PIA declares 17% loss for six-month period

KARACHI: Pakistan International Airlines (PIA) has announced 17 percent loss for six months period ended June 30, 2019. Read more »

FBR defines fair market value of immovable properties, motor vehicles

KARACHI: Federal Board of Revenue (FBR) has defined fair market value of immovable properties and motor vehicles in case of undeclared assets identified. Read more »