National Savings raises profit rates

ISLAMABAD: The Central Directorate of National Savings (CDNS) on Thursday raised profit rates of saving schemes. A statement issued by the CDNS stated that all the profit rates of bearer certificates had... Read more »

Pakistan’s weekly foreign exchange reserves increase by $1.24bn

KARACHI: The foreign exchange reserves of the country increased by $1.24 billion to $17.97 billion by week ended June 26, 2020, State Bank of Pakistan (SBP) said on Thursday. The foreign exchange... Read more »

SBP seeks feedback on automaton of tax refund payment

KARACHI: State Bank of Pakistan (SBP) has invited business community to provide feedback on an ongoing project of automation of payment of tax refunds by the central bank. Dr. Reza Baqir, Governor,... Read more »

Equity market gains 89 points in mixed trading

KARACHI: The equity market gained 89 points on Thursday in a mixed trading activity, analysts said. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 34,978 points as against 34,889... Read more »

Rupee strengthens by Rs1.16 against dollar on inflows

KARACHI: The Pak Rupee made significant gain of Rs1.16 against dollar on Thursday owing to ease in demand for import and corporate payments and substantial inflows during past week. The rupee ended... Read more »

SBP directs banks, exporters to submit undertaking for true e-form

KARACHI: State Bank of Pakistan (SBP) has directed banks and exporters to submit undertaking for true e-form under export finance scheme. According to a circular issued on July 01, 2020 the banks... Read more »

Date extended to exchange Rs40,000 bearer prize bonds

ISLAMABAD: The ministry of finance on Thursday extended the last date to exchange bearer prize bonds of Rs40,000 denomination up to December 30, 2020. The last date to exchange the bearer prize... Read more »

EOBI pension increases to Rs8,500; pensioners to get arrears

ISLAMABAD: The federal cabinet has approved increase in pension of Employees Old-Age Benefits Institution (EOBI) to Rs8,500 from Rs6,500. According to a tweet by EOBI on Wednesday, the federal cabinet approved an... Read more »

SRB collects Rs105.9 billion in challenge economic situation

KARACHI: Sindh Revenue Board (SRB) has collected Rs105.9 billion as sales tax on service during fiscal year 2019/2020 despite challenging economic situation due to COVID-19. According to a statement released on Wednesday... Read more »