May 3, 2024

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Pakistan Revenue

Author: Mrs. Anjum Shahnawaz

SBP softens conditions for renewable energy financing State Bank of Pakistan
Oct 11
Energy, Money & Banking

SBP softens conditions for renewable energy financing

KARACHI: The State Bank of Pakistan (SBP) has relaxed financing conditions to promote investment in renewable energy solutions by companies. The SBP in a statement on Monday said that it had softened the conditions for renewable energy solution providers under its Refinance Scheme for Renewable Energy. Now, all Renewable Energy Investment Entities (RE-IEs) interested in […]

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Business community mourns Abdul Qadeer’s demise
Oct 11
Trade & Industry

Business community mourns Abdul Qadeer’s demise

KARACHI: Pakistan’s business community has mourned the demise of Dr. Abdul Qadeer Khan, who was legendary scientist and father of Pakistan’s nuclear program. Mian Nasser Hyatt Maggo, President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), in a statement said that the entire business, industry and trade community of Pakistan is mourning the […]

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Rupee falls by 21 paisas against dollar
Oct 11
Money & Banking

Rupee falls by 21 paisas against dollar

KARACHI: The Pak Rupee (PKR) fell by 21 paisas against the dollar on Monday due to higher dollar demand for external payment. The rupee ended at Rs170.74 to the dollar as compared with last Friday’s closing of Rs170.53 in the interbank foreign exchange market. Currency experts said that dollar demand was high because the market […]

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KSE-100 index companies post record profitability
Oct 11
Money & Banking

KSE-100 index companies post record profitability

KARACHI: KSE-100 index companies recorded record profitability in FY21, growing by 60 per cent YoY to Rs884 billion mainly led by macro recovery post COVID-19 lockdowns in FY20. This profitability was significantly higher than last 5-Year and 10-Year CAGRs of 8 per cent and 11 per cent, respectively, analysts at Toplines Securities. The profitability of […]

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FPCCI expresses annoyance over gas suspension
Oct 8
Trade & Industry

FPCCI expresses annoyance over gas suspension

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has expressed annoyance over suspension in gas supply to industrial sector. Mian Nasser Hyatt Maggo, President FPCCI, in a statement on Friday expressed his profound concerns over yet another gas supply suspension for 72 hours for the industrial areas of Sindh and Balochistan. It will […]

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SBP launches webpage for promoting house financing State Bank of Pakistan
Oct 8
Money & Banking

SBP launches webpage for promoting house financing

KARACHI: The State Bank of Pakistan (SBP) on Friday launched a webpage for the promotion of house financing in the country, especially for Mera Pakistan Mera Ghar (MPMG). A statement said that the central bank had launched dedicated landing webpage on promoting housing and construction finance on its website. The page contains extensive information on […]

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Overseas Pakistanis remit $8.03bn in first quarter State Bank of Pakistan
Oct 8
Finance

Overseas Pakistanis remit $8.03bn in first quarter

KARACHI: Overseas Pakistanis have remitted $8.034 billion during first quarter (July – September) of the fiscal year 2021/2022, State Bank of Pakistan (SBP) said on Friday. The home remittances during the first quarter registered a rise of 12.5 per cent when compared with $7.143 billion in the corresponding period of the last fiscal year. The […]

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