KARACHI: The foreign exchange reserves of the country increased by $167 million to $22.91 billion by week ended May 07, 2021, State Bank of Pakistan (SBP) said on Monday. The foreign exchange reserves of the country were at $22.743 billion by week ended April 30, 2021. The foreign exchange reserves held by the SBP increased […]
The government of Pakistan has decided to keep the prices of petroleum products unchanged during the next fortnight. The decision, made on Monday, entails absorbing a tax loss of approximately Rs2.77 billion.
KARACHI: Oil and Gas Development Authority (OGDCL) on Monday announced gas discovery at Jandran X-04 located in District Barkhan, Balochistan Province. The company said that the structure of Jandran X-04 was delineated, drilled and tested using OGDCL’s in house expertise. “The well was drilled down to the depth of 1200m into Parh Limestone. Based on […]
KARACHI: Sales of domestic assembled cars have increased by 54 percent during first 10 months of the current fiscal year due to smooth production despite coronavirus threats. According to statistics released by Pakistan Automobile Manufacturers Association (PAMA), 151,178 units were sold during July – April 2020/2021 as compared with 97,900 units sold in the same […]
KARACHI: The Pak Rupee fell by 33 paisas on Monday owing to higher demand from import and corporate buyers as the market was opened after 10-day Eid holidays. The rupee ended Rs152.60 to the dollar from previous closing on May 07, 2021 at Rs152.27 in the interbank foreign exchange market. Currency experts said that the […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Monday sought sizeable cut in tax rates in upcoming budget 2021/2022 to mitigate industrial losses due to coronavirus. FPCCI’s Businessmen Panel Chairman Mian Anjum Nisar, in a statement, said that the government will have to make visible reduction in taxes in the budget 2021-22 […]
The Sindh Revenue Board (SRB) has extended the deadline for filing monthly sales tax returns for the month of April 2021. The decision comes in response to challenges faced by taxpayers who experienced difficulties in meeting compliance requirements during the weeklong Eid holidays.
KARACHI: The equity market gained 622 points on Monday in mixed trading session during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 45,796 points as against previous closing of 45,175 points showing an increase of 622 points. Analysts at Arif Habib Limited said that first trading session after a […]
KARACHI: The State Bank of Pakistan (SBP) has revised banking hours for public dealings effective from Monday May 17, 2021. The SBP said that as per new schedule the banks and microfinance banks to observed following banking hours for public dealing: Monday to Thursday: 9:00 AM to 1:30 PM Friday: 9:00 AM to 1:00 PM […]