KARACHI: The equity market crashed again on Wednesday and lost 1396 points after witnessing eighth lower lock in this month.
(more…)Month: March 2020
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Interbank rate closes at Rs161.60 against dollar
KARACHI: The interbank foreign exchange market ended at Rs161.60 to the dollar on Wednesday, marking a sharp fall of Rs2.60 paisas from the previous day’s closing, according to the closing rate provided by the State Bank of Pakistan (SBP).
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Business community welcomes PM relief package
KARACHI: Business community has welcomed the relief package of around Rs1.2 trillion announced by Prime Minister Imran Khan to ward off the negative impact of coronavirus.
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Dollar hits Rs162 intraday on policy rate easing
KARACHI: The Pak Rupee massively depreciated by Rs3 in intraday trading after significant outflows of hot money, market sources said.
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Pirani appointed CEO Pak-Qatar Family Takaful
KARACHI: Pak-Qatar Family Takaful has announced appointment of Azeem Iqbal Pirani as its new Chief Executive Officer (CEO) effective March of 2020.
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Pakistan imposes ban on export of surgical masks, sanitizers
ISLAMABAD: Pakistan has imposed ban on export of surgical masks and hand sanitizers owing to mass spread of coronavirus.
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FBR advises duty, tax payment through alternate delivery channels
KARACHI: Federal Board of Revenue (FBR) has advised taxpayers to pay duty and taxes through alternate delivery channels (ADC) during restricted movement in the wake of coronavirus pandemic.
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SBP allows 100 percent advance payment facility for medical equipment import to fight coronavirus
KARACHI: State Bank of Pakistan (SBP) has allowed import of medical equipment for treatment of coronavirus against 100 percent advance payment and open account.
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KTBA asks FBR to grant general adjournment for cases during lockdown
KARACHI: Karachi Tax Bar Association (KTBA) on Tuesday urged Federal Board of Revenue (FBR) to grant general adjournment for cases as taxpayers may not appear due to lockdown.
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SBP cuts policy rate by 150 basis points to 11 percent as coronavirus severely increases
KARACHI: The State Bank of Pakistan (SBP) on Tuesday announced reduction of 150 basis points in key policy rate to bring it at 11 percent. The central bank cut the policy rate second time in last seven days considering massive deterioration in the economy due to large scale spread of coronaviruse.
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