In a positive development for Pakistan’s financial landscape, the Pakistani Rupee (PKR) showed resilience and ended with a gain of four paisas against the US Dollar in the interbank foreign exchange market on Tuesday.
(more…)Author: Mrs. Anjum Shahnawaz
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ECC approves clearance of imported vehicles on verified foreign currency payment
ISLAMABAD – In a recent session, the Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Asad Umar, gave its approval for a significant policy shift regarding the clearance of imported vehicles under various schemes.
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FBR to issue assessment notices of last ten years to potential taxpayers
KARACHI – The Federal Board of Revenue (FBR) has taken a significant step toward improving tax compliance by announcing its intention to issue assessment notices covering the past ten years to potential taxpayers and individuals who have failed to file a tax return for any of the last five years.
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Last day for non-compliant mobile phones
ISLAMABAD – The Pakistan Telecommunication Authority (PTA) has reminded the public that today serves as the final day for non-compliant mobile phones to operate without any service interruptions.
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Rupee gains three paisas in early trade
KARACHI – The Pakistani Rupee demonstrated resilience in the early trade on Tuesday as it gained three paisas against the US Dollar in the interbank foreign exchange market.
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FBR notifies transfer, postings of 17 IRS officers
ISLAMABAD: The Federal Board of Revenue (FBR) issued a notification on Monday regarding the immediate transfers and postings of officers belonging to the Inland Revenue Service (IRS) in grades BS-17 to BS-19, effective until further notice.
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Public holiday announced on Feb 05
ISLAMABAD – In a move to express unwavering support and solidarity with the people of Kashmir, the Government of Pakistan has officially declared February 5, 2019, as a Public Holiday.
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KSE-100 gains 364 points on expected relief in mini budget
KARACHI – The Pakistan Stock Exchange (PSX) saw a significant surge as the benchmark KSE-100 index ended the trading session with a gain of 364 points, closing at 39,413 points as opposed to 39,049 points, offering a positive start to the trading week.
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SBP launches campaign for National Financial Literary Program on January 15
KARACHI – The State Bank of Pakistan (SBP) announced on Monday the launch of a comprehensive mass media campaign to raise awareness and promote the National Financial Literacy Program (NFLP), which aims to enhance financial education and empower individuals across the country.
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Rupee ends down on import demand
The Pakistani Rupee (PKR) saw a minor depreciation of eight paisas against the US Dollar (USD) on Monday, primarily due to heightened demand for the greenback, driven by import and corporate payments.
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