The Pakistani Rupee exhibited strength against the US Dollar on Friday, gaining five paisas in the interbank foreign exchange market, with the exchange rate closing at Rs138.84 to the dollar.
(more…)Author: Hamza Shahnawaz
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Ikram Sehgal appointed as K-Electric new chairman
The board of directors of K-Electric announced the appointment of Ikram Sehgal as Director and Chairman of the company. This decision comes following the cessation of Muhammad Tayyab Tareen’s role as Director and Chairman, effective January 18, 2019.
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Canada, Pakistan have potential to further grow trade ties
Canada and Pakistan have potential to further grow their trade ties, said Canadian Deputy High Commissioner, Ms. Wendy Gilmour while expressing her optimism.
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Govt. agrees to abolish withholding tax on cash withdrawal: KCCI
KARACHI: The government has agreed to abolish the withholding tax on cash withdrawals from bank accounts by filers.
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Sindh government notifies lifting ban on high rise buildings
The Sindh government, in compliance with a Supreme Court ruling, has officially lifted the ban on the approval of high-rise buildings in the province.
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Pakistan, Saudi businessmen sign pact to explore new trade opportunities
Pakistan and Saudi Arabia have taken a significant step toward enhancing their bilateral trade and economic ties as businessmen from both countries inked a pact to explore new opportunities for mutual benefit.
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Foreign Direct Investment Falls By 19.2pc in July-December
The State Bank of Pakistan (SBP) has reported a significant decrease in the inflow of Foreign Direct Investment (FDI) into Pakistan during the first half of the current fiscal year, signaling a challenging economic environment.
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Rupee Eases Against Dollar in Stable Currency Market
The Pakistani Rupee experienced a slight decline of one paisa against the US Dollar in a range-bound foreign currency market on Wednesday.
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Customs destroys counterfeit products worth Rs120 million
Pakistan Customs took a significant step on Wednesday by destroying a substantial quantity of counterfeit products valued at Rs120 million.
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Customs imposes 10pc fine for releasing unregistered phones
KARACHI – Pakistan Customs has announced the imposition of a 10 percent fine on the total amount of duty and taxes involved for the clearance of unregistered mobile phones.
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