Rupee faced a marginal depreciation of one paisa against the US Dollar in the interbank foreign exchange market on Friday, closing at Rs138.24 compared to the previous day’s close of Rs138.23.
(more…)Author: Mrs. Anjum Shahnawaz
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Rupee eases in early trade
The Pakistani Rupee witnessed a marginal decline of two paisas against the US Dollar in early trade on Friday, settling at Rs138.25 in the interbank foreign exchange market.
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Income Tax Ordinance 2001: collection of tax from company in liquidation
The Federal Board of Revenue (FBR) has issued updates to the Income Tax Ordinance, 2001, emphasizing the joint responsibility of directors for the payment of taxes owed by a company, even if the said company is in a state of liquidation.
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State Bank of Pakistan and Commercial Banks to Close on Kashmir Solidarity Day
Karachi, January 31, 2019 – The State Bank of Pakistan (SBP) declared on Thursday that its offices across the country will remain closed on February 5, 2019, in observance of Kashmir Solidarity Day.
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US Dollar investment certificates launched for overseas Pakistanis
ISLAMABAD: Prime Minister Imran Khan launched the ‘Pakistan Banao’ US Dollar Certificates exclusively for overseas Pakistanis in a ceremony held here on Thursday.
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Nominal reduction in petroleum prices announced
The government of Pakistan has decided to implement slight adjustments in the prices of petroleum products for the month of February 2019.
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Sindh Engro Coal becomes first ISO certified pit mining company
KARACHI: Sindh Engro Coal Mining Company (SECMC) has become world’s first and only pit mining company to get ISO-45001:2018 certification, a statement said on Thursday.
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Ufone celebrates 18th anniversary
ISLAMABAD – Ufone, a leading Pakistani telecom company, celebrated its 18th anniversary with enthusiasm at the Ufone Tower in Islamabad and various offices nationwide.
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Pakistan’s foreign exchange reserves increase to $14.8 billion on inflows
KARACHI – Pakistan’s foreign exchange reserves witnessed a robust increase of $1.545 billion for the week ending January 25, 2019, primarily propelled by substantial inflows from Saudi Arabia and the United Arab Emirates (UAE), as reported by the State Bank of Pakistan (SBP) on Thursday.
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SBP raises key policy rate by 25bps to 10.25pc on inflationary concerns
KARACHI: State Bank of Pakistan (SBP) on Thursday decided to further increase key policy rate by 25 basis points to 10.25 percent for next two months effective from February 01, 2019 on concerns over increase in inflation.
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