Faisal Shah

SBP’s weighted average customer exchange rates on April 17, 2023

The State Bank of Pakistan (SBP) released official foreign exchange rates for April 17, 2023, based on the weighted average rates quoted by commercial banks. These rates serve as a benchmark for currency conversion and are crucial for importers, exporters, and individuals engaged in foreign exchange transactions.

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April 17, 2023

Pakistan extends deadline for redemption of unregistered prize bonds until June 30, 2023

The State Bank of Pakistan (SBP) announced Monday that the Federal Government has extended the deadline for redemption of unregistered prize bonds until June 30, 2023.

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April 17, 2023

SRB issues updated sales tax rate of 19.5% on telecom services

KARACHI: The Sindh Revenue Board (SRB) on Monday notified updated sales tax rate of 19.5% on telecommunication services.

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April 17, 2023

Slow economic growth puts Pakistan’s banking sector at risk of NPLs

KARACHI: Pakistan’s banking sector is facing a threat from non-performing loans (NPLs) due to slow economic growth, according to analysts at KTrade Research.

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April 17, 2023

Avanceon, ZOMCO form JV to expand project execution footprint in KSA

Avanceon Saudi for Energy Company, a subsidiary of Avanceon Limited, has entered into a joint venture agreement with ZOMCO (Zamil Operations & Maintenance) to expand their project execution footprint in the Kingdom of Saudi Arabia (KSA).

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April 17, 2023