KARACHI: The stock market witnessed a decline of 359 points on Friday as across the board selling pressure observed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 47,604 points as against previous day’s close of 47,963 points, showing a decline of 359 points. Analysts at Arif Habib Limited said … Read more
KARACHI: State Bank of Pakistan (SBP) on Friday issued following Karachi Interbank Offered Rates (KIBOR) on June 25, 2021. Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.92 7.42 1 – Month 7.01 7.51 3 – Month 7.21 7.46 6 – Month 7.44 7.69 9 – Month 7.50 8.00 1 – Year … Read more
ISLAMABAD: Federal Board of Revenue (FBR) on Friday said that the offices of Inland Revenue (IR) will observe extended working hours and remain open till mid-night on June 30, 2021 for collection of duty and taxes. In an official notification the FBR directed all tax offices to observe extended working hours till 12:00 midnight on … Read more
ISLAMABAD: The Finance Action Task Force (FATF) on Friday kept Pakistan in ‘grey list’ despite the country has made significant progress of addressing 26 action plan out of 27. FATF President Dr Marcus Pleyer in a press conference announced that Pakistan will continue to remain on the increased monitoring list, also known as the grey … Read more
ISLAMABAD: The Federal Board of Revenue (FBR) on Friday directed the field formation to ensure timely disposal of pension and retirement cases otherwise the officers concerned will be responsible for any lapse. An official notification issued by the FBR stated that it is observed with serious concern that field formations while forwarding / submitting retirement … Read more
KARACHI: The Pak Rupee made a gain of six paisas against the dollar on Friday owing to sufficient supply of the foreign currency during the day. The rupee ended at Rs157.62 to the dollar as compared with last day’s closing of Rs157.68 in the interbank foreign exchange market. Currency experts said that the rupee strengthened … Read more
KARACHI: The State Bank of Pakistan (SBP) on Friday issued the exchange rate of foreign currencies in the rupee in the open market. The SBP said the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients. They are … Read more