ISLAMABAD: Telenor Pakistan has been awarded contract worth Rs555 million for providing mobile broadband services in various districts of Khyber Pakhtunkhwa.
(more…)Author: Faisal Shahnawaz
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Meezan Bank declares Rs12.6 billion net profit in 1HCY21
KARACHI: Meezan Bank Limited has reported a significant increase in its net profit, reaching Rs 12.6 billion for the first half of the calendar year 2021 (January–June). This reflects an 8% growth compared to the Rs 11.7 billion net profit recorded during the same period last year, according to the bank’s financial results announced on Thursday.
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KIBOR rates for August 12, 2021
KARACHI: State Bank of Pakistan (SBP) on Thursday issued following Karachi Interbank Offered Rates (KIBOR) on August 12, 2021.
Tenor BID OFFER 1 – Week 6.87 7.37 2 – Week 6.93 7.43 1 – Month 6.99 7.49 3 – Month 7.14 7.39 6 – Month 7.32 7.57 9 – Month 7.43 7.93 1 – Year 7.51 8.01 -
Rupee falls to Rs164.01 against dollar
KARACHI: The Pak Rupee ended down by nine paisas against the dollar on Wednesday owing to higher import payment demand.
The rupee ended Rs164.01 to the dollar from the previous day’s closing of Rs163.92 in the interbank foreign exchange market.
Currency experts said that the ease in coronavirus restrictions had increased the demand for import payment.
They further said that there is a big pressure on the local currency because of the upcoming public holidays on account of August 14 as Independence Day and Ashura Muharram.
The experts said that the rupee might improve in the coming days because there is an improvement in the inflows of remittances and export receipts.
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SBP issues customers exchange rates for August 12
KARACHI: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Thursday, August 12, 2021.
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FBR disposes of 25,323 appeals involving Rs900bn tax
ISLAMABAD: The Legal Wing of the Federal Board of Revenue (FBR) has disposed of 25,323 appeals involving tax revenue of around Rs900 billion during fiscal year 2020/2021.
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KIBOR rates for August 11, 2021
KARACHI: State Bank of Pakistan (SBP) on Wednesday issued following Karachi Interbank Offered Rates (KIBOR) on August 11, 2021.
Tenor BID OFFER 1 – Week 6.91 7.41 2 – Week 6.95 7.45 1 – Month 7.00 7.50 3 – Month 7.15 7.40 6 – Month 7.35 7.60 9 – Month 7.44 7.94 1 – Year 7.52 8.02 -
FBR increases minimum prices of steel products
The Federal Board of Revenue (FBR) announced on Wednesday that it has increased the minimum prices of steel products in an effort to align them with the rising costs observed in both domestic and international steel markets.
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Dollar advances to Rs163.92 in interbank
KARACHI: The US Dollar appreciated to Rs163.92 in the interbank foreign exchange market on Wednesday.
The market witnessed higher demand for the foreign currency for import payment.
The closing rate of the dollar in the interbank foreign exchange market was Rs163.75.
Currency experts said that value of the Pak Rupee (PKR) eased against the dollar because of ease in coronavirus restrictions. They said ease in restrictions encourage importers to purchase dollars for new shipments.
They said that the rising import bill was remain a concerns for exchange rate stability. The imports registered a growth of 48 per cent to $5.43 billion in July 2021 as compared with $3.67 billion in the same month of the last year. Meanwhile, trade deficit ballooned by 85.5 per cent owing to high import bill.
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SBP issues customers exchange rates for August 11
KARACHI: On Wednesday, August 11, 2021, the State Bank of Pakistan (SBP) released the latest exchange rates for customers based on the weighted average rates of commercial banks.
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