Day: November 5, 2021

The Federal Board of Revenue’s (FBR) biggest documentation initiative of integration of big retailers with the FBR’s Point of Sales (POS) system may suffer a serious setback due to the alleged connivance of vendors and retailers to under-report sales a…

Exchange companies have been asked to use an android based biometric verification system to maintain the records and verifications of customers on the purchase of Dollars and other foreign currencies above $500 from the open market.The facility will be…

Sugar prices have skyrocketed as wholesale rates touch Rs. 150 per kilogram and retail rates reach Rs. 160 per kilogram in most areas of the country, with the government unable to control the prices.Prices have increased as the local sugar supply has d…

The foreign reserves of the State Bank of Pakistan saw an increase of $53 million and surged up to $17.199 billion at the end of last week. However, a decline was seen in Total Liquid Forex Reserves as they moved down to $23.925 billion from $23.933 bi…

Cement sales declined in the first four months of the ongoing fiscal year despite the increase in domestic sales as their exports dropped substantially.The combined domestic and export sales figures stood at 18.029 million tonnes during July-October FY…

Virtual Remittance Gate (VRG) World has won its legal battle against Digital Bridge as the Sindh High Court (SHC) has allowed it to continue providing services to various clients for the Asaan Mobile Scheme.Digital Bridge had sued VRG World for not mee…

The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October, raising the total number of registered companies to 154,093.Consequently, the total capitalization (paid-up-capital) of the new companies stood at Rs. …