Karachi, December 12, 2024 – The Pakistani rupee continued its downward trend on Thursday, depreciating by another 6 paisas against the US dollar in the interbank foreign exchange market. The currency closed at PKR 278.23 to the dollar, compared to the previous day’s closing of PKR 278.17. This marks the rupee’s third consecutive decline against the greenback.
(more…)Author: Faisal Shahnawaz
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SBP Issues Foreign Exchange Rates for December 12, 2024
Today, December 12, 2024, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, establishing a vital reference point for cross-border transactions.
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Nissan Electrifies Iconic GT-R R32 with Bold EV Transformation
Nissan is making waves in the automotive world by electrifying one of its most iconic creations, the GT-R R32. This ambitious project, spearheaded by a dedicated team of engineers, seeks to merge the legendary sports car’s heritage with state-of-the-art electric vehicle (EV) technology, signaling a bold new direction for high-performance cars.
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Affordable Electric Vehicle by Tesla on the Horizon
Tesla, the trailblazer in electric vehicles (EVs), is set to revolutionize the market yet again with its much-anticipated budget-friendly EV, tentatively called the “Model Q.” According to internal leaks and media reports, this model is expected to hit the roads in early 2025.
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Price of Honda City 1.2 in Pakistan for December 2024
Here are the updated prices for the Honda City 1.2 trims in Pakistan. Locally assembled by Honda Atlas Cars, the Honda City is a popular compact sedan, admired for its sleek design and excellent fuel efficiency in the Pakistani market.
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Price of New Suzuki Every in Pakistan 2024
Pak Suzuki Motor Company has officially unveiled the locally assembled Suzuki Every minivan during a grand event at the Expo Center in Lahore.
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SA vs PAK: South Africa and Pakistan Set for Crucial Second T20I
South Africa and Pakistan are gearing up for the second T20I of their three-match series, which is scheduled to take place at Centurion Park on December 13, 2024. South Africa currently leads the series 1-0 after a thrilling victory in the opening game. For Pakistan, the second T20I is a must-win match if they are to keep their hopes of claiming the series alive.
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PM Shehbaz Constitutes Probe Team for Sales Tax Frauds
Islamabad, December 12, 2024 – Prime Minister Shehbaz Sharif has taken decisive action against sales tax fraud by forming a high-powered joint inquiry team to investigate and address this pressing issue.
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T-Bill Yields Fall Sharply, Hinting at Rate Cut
Yields on Market Treasury Bills (T-Bill) have fallen significantly, as traders anticipate a substantial rate cut from the State Bank of Pakistan (SBP) next week. This optimism stems from a sustained decline in inflation, fueling expectations of further monetary easing.
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FBR Explains Federal Excise Duty on Electric Vehicles
ISLAMABAD – Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial clarified the issue of Federal Excise Duty (FED) on imported electric vehicles (EVs) and hybrid electric vehicles (HEVs) during a briefing to the Senate Standing Committee on Finance and Revenue. He stated that the Ministry of Law would determine whether imported SUVs, including those classified as EVs and HEVs, fall under the 30% FED category.
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