KARACHI: The Pak Rupee (PKR) recovers 48 against the dollar on Tuesday after positive sentiments prevailing in the market over the signing of the Saudi packages for Pakistan. The rupee ended Rs175.72 to the dollar from the previous day’s closing of Rs176.20 in the interbank foreign exchange market. A day earlier, the State Bank of […]
KARACHI: Following are the open market exchange rates of foreign currencies in Pak Rupee (PKR) in Pakistan on November 30, 2021 (The rates are updated at 11:48 AM Pakistan Standard Time): Currency Buying Selling Australian Dollar (AUD) 123.50 125 Bahrain Dinar (BHD) 386.85 388.60 Canadian Dollar (CAD) 136.50 138 China Yuan (CNY) 23.75 23.90 Danish Krone (DNK) 23.50 23.80 Euro (EUR) 196 198 […]
ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, on Monday asked the Federal Board of Revenue (FBR) to redouble its efforts for broadening the tax base. The adviser expressed his full support and confidence to the FBR team and advised to redouble their efforts and launch the taxpayer outreach initiative at […]
ISLAMABAD: The Kingdom of Saudi Arabia (KSA) has signed an agreement to extend an oil facility of $100 million per month for one year to Pakistan on deferred payments. Sultan bin Abdulrahman Al-Marshad, CEO of Saudi Fund for Development (SFD) exchanged the Financing Agreement with Omer Ayub Khan, Minister for Economic Affairs for the Import […]
ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Monday approved a donation of 50,000 metric tons of wheat to Afghanistan. The Federal Minister for Economic Affairs Division (EAD) Omar Ayub Khan chaired the ECC meeting and took several important decisions. Federal Minister for Energy Hammad Azhar, Abdul Razak Dawood Advisor to Prime Minister […]
KARACHI: Naveed Abbas Memon, Chief Domain officer of Pakistan Single Window (PSW) has said that PSW portal will enable traders to reduce time, cost, and complexity in cross-border trade. While addressing an awareness seminar at Karachi Customs Agents Association (KCAA) on Monday he said it will also improve the quality of experience for all stakeholders […]
State Bank of Pakistan KARACHI: The State Bank of Pakistan (SBP) on Monday issued a clarification on media reports regarding the monetary policy decisions. The SBP said that over the past few weeks, certain sections of the media including op-eds have expressed concerns over the actions of the SBP, particularly with regard to monetary policy decisions and the role […]
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR): Following KIBOR rates as of November 29, 2021: Tenor BID OFFER 1 – Week 8.83 9.33 2 – Week 8.87 9.37 1 – Month 9.01 9.51 3 – Month 9.68 9.93 6 – Month 10.03 10.28 9 – Month 10.41 […]
KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has urged the government to take effective measures to overcome the gas crisis. FPCCI President Mian Nasser Hyatt Maggo has asked the government to take effective measures to overcome the gas crisis and ensure uninterrupted supply of gas to industries as well as reduce electricity […]
ISLAMABAD: The Federal Board of Revenue (FBR) on Monday imposed a condition under the Anti-Money Laundering Act, 2010 on transfers and registration of immovable properties. The FBR DNFBPs Order No. 1 of 2021 impose the condition. The FBR said that the Anti-Money Laundering Act, 2010 empowered the revenue board to license or register its reporting […]