Business

Forex reserves fall $868mn to $22.48 billion in 7th week

KARACHI: The foreign exchange reserves of the country dropped for the seventh successive week by $868 million (3.7 percent) to reach $22.48 billion. According to the State Bank of Pakistan...

CPEC is vital for industrialisation, int’l connectivity of country: Moeed

ISLAMABAD: National Security Adviser Moeed Yusuf has said that the second phase of CPEC is critical for industrialisation...

Action viz rise in use of narcotics urged

KARACHI: The members of the Shura Hamdard Karachi chapter in an online meeting held yesterday expressed deep concern...

People excited to become Citizen Tax Ambassadors for the Revenue Board

Raza KazmiISLAMABAD: While addressing the participants present during the first computerized draw of POS Prize Scheme held at...

FBR stops realtors from business with convicts to meet FATF conditions

ISLAMABAD: The Federal Board of Revenue (FBR) has stopped real estate businesses from making any deals or transactions...
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Dollar sheds another 36 paisas viz Re

KARACHI: Pakistani rupee continued its winning streak against the US dollar in the interbank and gained another 36 paisas on Thursday. According to a tweet...

10gm gold price is cut by Rs1,800

ISLAMABAD: Gold price in the country decreased on Wednesday as 10 grams yellow metal was available at Rs97,000 after a decrease of Rs1,800. The price...

Shell Pakistan declares a profit in Q3 2020

KARACHI: The Board of Directors of Shell Pakistan Limited ('SPL') announced the third quarter results for the company on 28th October. The company posted...

FBR & CAP sign MoU

Raza KazmiISLAMABAD: A Memorandum of Understanding (MOU) has been signed between Federal Board of Revenue (FBR) and the Representatives of the ChainStores Association of...

Pakistan, Afghanistan sign Mutual Assistant Agreement

Raza KazmiISLAMABAD: Pakistan Customs, Federal Board of Revenue and Afghan Customs Department signed Important Customs Mutual Assistance Agreement. Syed Muhammad Tariq Huda, Member (Customs-Operation),...

SBP introduces a transparent mechanism for banks to remit disinvestment profits for FDI

KARACHI: The State Bank of Pakistan (SBP) has introduced a new mechanism to enable companies in Pakistan to conveniently remit out disinvestment proceeds to...
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