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
Pakistan International Airlines Corporation Limited (PSX: PIAA) will officially close its books at the Pakistan Stock Exchange (PSX) on May 25, 2024. This date has been set to determine the Class ‘A’ and Class ‘B’ shareholders of the company, a stock filing dated May 16, 2024, revealed. The Securities and
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
In a significant step towards enhancing Pakistan’s refining capabilities, senior management from Pakistan Refinery Limited (PRL) recently visited China to engage with Engineering, Procurement, and Construction (EPC) contractors and financial institutions. These discussions were highly productive, laying the groundwork for the forthcoming phases of PRL’s Refinery Expansion and Upgrade Project
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 Pakistani rupee (PKR) started the new week with losses 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. It also posted massive losses against other major currencies during today’s session. The interbank
The federal government and International Monetary Fund (IMF) will commence policy-level talks today on negotiating a new and likely $6-8 billion bailout program spread over at least three years, Finance Ministry sources told ProPakistani. Sources said policy-level talks between the two sides will continue until May 23. They said the
The price of gold in Pakistan surged past the Rs. 250,000 per tola mark on Monday. According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,300 per tola to Rs. 250,400, while the price of 10 grams went up by Rs.