Karachi, February 23, 2024 – The State Bank of Pakistan (SBP) announced on Friday a significant move to facilitate exporters by liberalizing the utilization of foreign currency under its ease of doing business initiatives.
(more…)Category: Pakistan
-
NDMA Issues Advisory as Thunderstorms Forecast Across Pakistan
Islamabad, February 23, 2024 – The National Disaster Management Authority (NDMA) has issued a crucial advisory to all provincial authorities in anticipation of thunderstorms forecasted across Pakistan.
(more…) -
Bulls Remain in Command as Pakistan Stocks Gain 901 Points
Karachi, February 23, 2024 – The bulls continued to dominate the Pakistan Stocks on Friday, driving the benchmark KSE-100 index to a remarkable gain of 901 points.
(more…) -
Weekly Inflation Rise Hits Pakistan Amidst Petroleum Price Hike
Islamabad, February 23, 2024 – Pakistan is grappling with a notable increase in weekly inflation, attributed to the recent surge in petroleum prices.
(more…) -
Taxpayers Beware: FBR Can Sell Property for Tax Recovery
In a move that highlights the stringent measures taken by the Federal Board of Revenue (FBR) to recover outstanding tax amounts, taxpayers should be aware that the FBR possesses the authority to sell immovable properties.
(more…) -
Sazgar and Great Wall Motors Launch EV ORA 3 in Pakistan
February 22, 2024: Sazgar Engineering, a prominent player in Pakistan’s automotive sector, has joined forces with Chinese car manufacturer Great Wall Motors (GWM) to unveil their latest venture in the automotive industry – the electric vehicle (EV) ORA 3.
(more…) -
Pakistan Aims to Elevate Trade with Saudi Arabia to $20 Billion
Islamabad, February 22, 2024 – In an ambitious move, Pakistan is setting its sights on boosting bilateral trade with Saudi Arabia to $20 billion in the coming years, according to statements made by Caretaker Federal Minister for Commerce and Industry, Gohar Ejaz, in Riyadh on Thursday.
(more…) -
Pakistan’s Weekly Forex Reserves Decline by $51 Million
Karachi, February 22, 2024 – Pakistan’s foreign exchange reserves experienced a weekly dip of $51 million, according to the State Bank of Pakistan (SBP) announcement on Thursday.
(more…) -
FBR Seeks Tax Proposals as Pakistan Prepares Budget 2024-25
Islamabad, February 22, 2024 – The Federal Board of Revenue (FBR) has taken a proactive step towards promoting transparency and inclusivity in the upcoming budget formulation process by inviting trade bodies to submit tax proposals for the fiscal year 2024-25.
(more…) -
SME Farmers Advocate for Export of Khashkhash
Karachi, February 22, 2024 – The Small and Medium-sized Enterprise (SME) Farmers Association in Pakistan is urging the government to permit the export of Khashkhash (poppy seeds), citing its widespread use as a household item.
(more…)