FBR officials fail to submit asset declarations; names made public

ISLAMABAD: Federal Board of Revenue (FBR) on Wednesday released the names of officers in Inland Revenue Service (IRS) and Pakistan Customs Service (PCS) who failed to submit their declarations of assets. The... Read more »

Equity market increases by 90 points amid selling pressure

KARACHI: The equity market increased by 90 points on Wednesday amid selling pressure witnessed during the day. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,693 points as against... Read more »

Dollar strengthens by Re1 in past three days

KARACHI: The US dollar strengthened by around one rupee during past three trading sessions owing to fall in remittances and rise in demand for import payments, dealers said on Wednesday. The Pak... Read more »

SBP likely to further ease monetary policy stance by 100bps: analysts

KARACHI: Analysts believe that the State Bank of Pakistan (SBP) likely to further ease the key policy rate by 100 basis points in the upcoming announcement scheduled for May 15, 2020. Analysts... Read more »

Not a single car sold in April 2020

KARACHI: Automobile manufacturers have witnessed worst-ever month as not a single car was sold during April 2020 owing to lockdown imposed by the federal and provincial governments to prevent coronavirus pandemic. The... Read more »

Equity market gains 319 points on policy rate cut hope

KARACHI: The equity market recorded increase of 319 points on Tuesday on expectation of cut in policy rate to be announced this week. The Index closed at 33,603 points as against 33,284... Read more »

Rupee falls by 38 paisas against dollar

KARACHI: The Pak Rupee fell by 38 paisas against dollar on Tuesday owing to reports the government is going to hedge oil. The rupee ended Rs160.46 to the dollar from previous day’s... Read more »

SBP further relaxes refinance scheme to prevent major layoffs

KARACHI: State Bank of Pakistan (SBP) relaxes refinance scheme to prevent large scale layoff of workers due to adverse effects on the economy due to coronavirus. The SBP on Monday said that... Read more »

Stock market trades in narrow range

KARACHI: The stock market gained 16 points on Monday while trading in narrow range. The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 33,284 points as against 33,268 points showing... Read more »

Rupee falls by 10 paisas against dollar

KARACHI: The Pak Rupee fell by 10 paisas against dollar Monday amid higher demand import payment, dealers said. The rupee ended Rs160.07 to the dollar from last Friday’s closing of Rs159.97 in... Read more »