Sep 15

Dollar makes new high at PKR169.25 in early trade

KARACHI: The US dollar has continued its upward trajectory against the Pak Rupee (PKR) in early trade on Wednesday. The dollar/rupee parity was at Rs169.25 during early day trading in the interbank foreign exchange market. A day earlier i.e. September 14, 2021, the rupee ended at Rs168.94 to the dollar, recording the all-time low against […]

by Mrs. Anjum Shahnawaz

Stocks decline by 379 points on selling pressure

Sep 14

Stock & Commodity

Stocks decline by 379 points on selling pressure

KARACHI: The stocks witnessed a decline of 379 points on Tuesday owing to selling pressure witnessed during the day. The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) closed at 46,891 points as against the previous day’s closing of 47,270 points. Analysts at Arif Habib Limited said that the market tumbled mainly as a result […]

by Mrs. Anjum Shahnawaz

Last date for return filing tax year 2021 may be extended

Sep 14

Finance, Taxation

Last date for return filing tax year 2021 may be extended

ISLAMABAD: The last date for filing income tax return for the tax year 2021 may be extended as an online portal of the Federal Board of Revenue (FBR) was remained disturbed last month. The FBR system was not working for 10 days during the last month, said Shaukat Tarin at a press conference on Tuesday. […]

by Mrs. Anjum Shahnawaz

Engro Enfrashare signs Rs4.5 billion Islamic financing

Sep 14

Corporate, IT & Telecom, Money & Banking

Engro Enfrashare signs Rs4.5 billion Islamic financing

KARACHI: Engro Enfrashare, a wholly-owned subsidiary of Engro Corporation, has entered into an Islamic syndicate arrangement amounting to Rs4.5 billion, led by Meezan Bank and Faysal Bank, according to a statement issued on Tuesday. The proceeds raised through this Islamic syndication would be utilized to finance the development of tower sites for various mobile network […]

by Mrs. Anjum Shahnawaz

Dollar hits all-time high against PKR in midday trading

Sep 14

Money & Banking

Dollar hits all-time high against PKR in midday trading

KARACHI: The US dollar has reached to all time high against the Pak Rupee (PKR) at 168.70 during intraday trading on Tuesday. The dollar was seen trading at Rs168.70 during midday trading in the interbank foreign exchange market. The rupee came down by 60 paisas to the dollar. The exchange rate ended at Rs168.10 in […]

by Mrs. Anjum Shahnawaz

Exchange rates in PKR vs other currencies on Sept 14

Sep 14

Money & Banking

Exchange rates in PKR vs other currencies on Sept 14

KARACHI: Following are the exchange rates of foreign currencies in Pak Rupee (PKR) on September 14, 2021: The rates are updated at 11.00 AM. Currency Buying Selling Australian Dollar 123 125 Bahrain Dinar 386.5 388.5 Canadian Dollar 134.5 136.5 China Yuan 23.65 23.8 Danish Krone 23.35 23.65 Euro 197 199 Hong Kong Dollar 16.55 16.8 Indian Rupee 2.03 2.1 […]

by Mrs. Anjum Shahnawaz

FPCCI recommends cut in key policy rate by 100bps

Sep 13

Trade & Industry

FPCCI recommends cut in key policy rate by 100bps

KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has recommended a reduction of 50 – 100 basis points in the key policy rate, according to a statement issued on Monday. The existing policy rate is seven per cent. A monetary policy survey – conducted recently prior to SBP’s Monetary Policy Committee (MPC) meeting […]

by Mrs. Anjum Shahnawaz

Gerry’s dnata awarded handling for Gulf Air in Pakistan

Sep 13

Corporate, National, World

Gerry’s dnata awarded handling for Gulf Air in Pakistan

KARACHI: Gerry’s dnata, Pakistan’s leading ground services provider, has been awarded a multi-year contract by Gulf Air, the national carrier of the Kingdom of Bahrain. The partnership will see Gerry’s dnata provide quality and safe ground, passenger and cargo handling services to the airline at six airports in Pakistan, including Karachi, Lahore, Islamabad, Peshawar, Multan […]

by Mrs. Anjum Shahnawaz

German body seeks investment opportunities in Pakistan

Sep 13

Trade & Industry

German body seeks investment opportunities in Pakistan

KARACHI: A 20-member German Emirati Chamber of Commerce & Industry (AHK) business delegation, which is visiting Pakistan for a firsthand assessment of business and investment opportunities in the country held a meeting today with foreign investors, members of Overseas Investors Chamber of Commerce and Industry (OICCI). The German Business delegation was accompanied by Holger Ziegeler, […]

by Mrs. Anjum Shahnawaz

Sep 11

Stock & Commodity

Weekly Review: range-bound activity likely

KARACHI: The stock market is likely to witness range-bound activity during the next week due to concerns over inflation and the devaluation of the Pak Rupee. Analysts at Arif Habib Limited said that the market to remain range-bound in the upcoming week. Keeping in view concerns over inflation, devaluation of Pak Rupee against the greenback and […]

by Mrs. Anjum Shahnawaz