May 18

ABAD demands abolishing regulatory duty on steel bars

KARACHI: Association of Builders and Developers (ABAD) on Tuesday demanded the government to withdraw regulatory duty on import of steel bars in order to stabilize prices in the domestic market. ABAD Chairman Fayyaz Ilyas rejected recent price hike in iron bars and said that the construction industry and Naya Pakistan Housing scheme will suffer due […]

by Mrs. Anjum Shahnawaz

FBR launches module for online hearing in audit, assessment cases

May 18

Taxation

FBR launches module for online hearing in audit, assessment cases

The Federal Board of Revenue (FBR) has taken a significant leap into the digital era with the launch of a software platform for conducting online hearings in audit and assessment cases, as announced by an FBR spokesperson on Tuesday.

by Mrs. Anjum Shahnawaz

Stock market gains 186 points in range bound trading

May 18

Stock & Commodity

Stock market gains 186 points in range bound trading

KARACHI: The stock market gained 186 points on Tuesday in a range bound trading activity during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 45,982 points as against previous day’s closing of 45,796 points, showing an increase of 186 points. Analysts at Arif Habib Limited said that the market traded […]

by Mrs. Anjum Shahnawaz

Rupee ends down by 29 paisas against dollar

May 18

Money & Banking

Rupee ends down by 29 paisas against dollar

KARACHI: The Pak Rupee ended down by 29 paisas against the dollar on Tuesday owing to demand of the foreign currency for import and corporate payments. The rupee ended Rs152.89 to the dollar from previous day’s closing of Rs152.60 in the interbank foreign exchange market. Currency experts said that the demand for the dollar was […]

by Faisal Shahnawaz

Remittances hit all-time monthly high of $2.8bn in April

May 18

Money & Banking

Remittances hit all-time monthly high of $2.8bn in April

KARACHI: State Bank of Pakistan (SBP) on Tuesday said that the inflow of workers’ remittances rose to an all-time monthly high of $2.8 billion in April 2021, which is 56 percent higher than during the same month last year. On a cumulative basis, remittances have also surpassed previous records. At $ 24.2 billion in July-April […]

by Mrs. Anjum Shahnawaz