The President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI), Irfan Iqbal Sheikh, has called on the State Bank of Pakistan (SBP) to immediately discontinue the practice of commercial banks and Authorized Dealers charging 3 to 9 percent in foreign exchange fines or lien-marking on exporters’ accounts for unfounded but deemed delays in the realization of their export proceeds.
(more…)Author: Faisal Shahnawaz
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Pak Suzuki raises motorcycle prices from May 09
Pak Suzuki Motor Company announced to increase its motorcycle prices following the price hikes by Honda and United motorcycles in this month. The new prices are effective from May 09, 2023.
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Karachi Interbank Offered Rates KIBOR – May 08, 2023
KARACHI: State Bank of Pakistan (SBP) on Monday issued the Karachi Interbank Offered Rates (KIBOR) as on May 08, 2023.
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SBP’s weighted average customer exchange rates on May 08, 2023
KARACHI: The State Bank of Pakistan (SBP) on Monday issued foreign exchange rates for May 08, 2023. The exchange rate is on the basis of weighted average rates of commercial banks.
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Pakistani Rupee weakens by 26 paisas against dollar in interbank on May 8, 2023
The Pakistani Rupee (PKR) experienced a decline on Monday, weakening by 26 paisas against the US dollar and closing at PKR 283.85 compared to the previous closing ofPKR 283.59.
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Pakistan equities decline by 413 points as talks with IMF remain inconclusive
Pakistan’s stock market experienced a decline on Monday as the benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 41,829 points, down 413 points from Friday’s closing of 42,242 points.
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Bitcoin rates in PKR and USD on May 08, 2023
On May 08, 2023 the exchange rates of Bitcoin (BTC) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Ripple rates in PKR and USD on May 08, 2023
On May 08, 2023 the exchange rates of Ripple (XRP) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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Dogecoin rates in PKR and USD on May 08, 2023
On May 08, 2023 the exchange rates of Dogecoin (DOGE) in Pakistani Rupee (PKR) and US Dollar (USD) have been reported as:
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LTO Karachi hopes to achieve revenue collection target for 2022-2023
The Federal Board of Revenue (FBR) has recently appointed Sajidullah Siddiqui, a senior BS-21 officer, as the Chief Commissioner Inland Revenue of Large Taxpayers Office (LTO) Karachi.
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