Day: May 21, 2024

The Securities and Exchange Commission of Pakistan (SECP) held a workshop in Karachi to explore areas of potential collaboration in capital markets between Pakistan and China. The purpose of the workshop was to benefit from the experience and ideas of financial market experts and veterans. The workshop was chaired by

The Pakistani rupee (PKR) fell second day in a row against the US Dollar today after opening trade at 278 in the interbank market. It was bearish all day and closed in red against the greenback. However, it managed to recover against a few major currencies during today’s session. The

The Federal Tax Ombudsman (FTO) Dr. Asif Mahmood Jah has ordered an investigation against the Corporate Tax Office Islamabad (CTO) for blunt violation of instructions issued by parent agency (FBR) to provide copies of order sheet entries s to the taxpayer, which is one of constitutional right as per binding

Pakistan’s annual inflation is expected to fall to 13.1 percent in May 2024 compared to 17.3 percent in April 2024, brokerage house Ismail Iqbal Securities said in its report on Tuesday. According to the report, on a month-on-month (MoM) basis, inflation is estimated to decrease at 2.1 percent, following a

A delegation of Pakistan Retail Business Council (PRBC) led by Chairman PRBC Ziad Bashir called on Federal Minister for Finance Muhammad Aurangzeb at Finance Division today. Minister of State for Finance and Revenue Ali Pervez Malik also attended the meeting. The PRBC delegation expressed their appreciation for steps being taken

The agricultural sector, already burdened by an ongoing wheat crisis, is facing additional challenges as juice and nectar producers reduce their fruit purchases. This downturn is linked to the recent implementation of higher taxes on the industry, reports surfaced on Tuesday. The report highlights that juice companies have scaled back

Foreign exchange inflows through the Roshan Digital Accounts (RDAs) stood at $171 million in April 2024, compared to $182 million in the previous month. Overall RDA funds received to date increased to $7.831 billion by the end of April 2024, according to the State Bank of Pakistan (SBP). Till the

Illegal and smuggled cigarettes cause an annual loss of over Rs 310 billion to Pakistan’s economy, a report by the National University of Science and Technology (NUST) said on Tuesday. At the launch event of the report, Federal Minister of Defence Khawaja Asif boldly claimed that Pakistan could potentially collect