Peshawar: The Khyber Pakhtunkhwa Revenue Authority has successfully collected over forty-two billion rupees in tax revenue during the last ten months of the current fiscal year. According to Radio Pakistan, the collected tax revenue exceeds the target by forty percent, showcasing the effective policies implemented by the provincial government. The
Special Investment Facilitation Council (SIFC) is playing pivotal role in boosting foreign investment in the country. According to the latest update, due to facilitation of SIFC, the Securities and Exchange Commission of Pakistan registered 2,864 new companies in July 2024 with the aim of increasing exports and foreign investment. The
Minister for Industries and Production Rana Tanveer Hussain has said special economic zones (SEZs) are being established to promote investment in the country. Talking to a delegation of Federation of Pakistan Chamber of Commerce and Industry in Islamabad, he said emphasized the need for enhancing exports to strengthen economy. He
Shares of PIA Holding Company Limited (PIAHCL) will start trading at Pakistan Stock Exchange at the same price as the final closing rate of Pakistan International Airlines Corp (PSX: PIAA), the airline informed the main bourse on Tuesday. The opening price of PIAHCLA and PIAHCLB shall be the same as
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 price of gold in Pakistan fell by Rs. 1,900 per tola on Tuesday to dip below the Rs. 250,000 per tola level. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) dropped by Rs. 1,900 per tola to Rs. 248,500, while the price
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
Pakistan Stock Exchange (PSX) will gradually enhance the security-wise Circuit Breakers by 0.5 percent on a fortnightly basis till they reach the 10 percent level, the main bourse said in a notice to investors on Tuesday. This gradual enhancement will start on 27th May 2024 and shall be completed on