The foreign exchange reserves held by the central bank slumped by over half a billion dollars on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.On July 21, the foreign currency reserves held by the SBP were …
In a historic collaboration, four leading Pakistani state-owned companies will join hands with Saudi Aramco for the $10 billion Greenfield Refinery project at the Gwadar Port, state-run APP reported Thursday.The Memorandum of Understanding (MoU) signi…
High-interest rates and their ripple effects have been and will continue to be one of the most important business stories since April 2022.This is a large topic with far-reaching repercussions that the State Bank of Pakistan (SBP) has used in its mone…
Chief of the Air Staff Air Chief Marshal Zaheer Ahmed Baber met with Chinese State Councilor and Defense Minister Gen. Li Shangfu in Beijing.Speaking on the occasion, Air Chief Marshal Zaheer Ahmed Baber said Pakistan highly values its traditional fri…
Economic Coordination Committee has approved the fixation of maximum retail prices of twenty five new drugs.The approval was given at a meeting of the cabinet committee, chaired Finance Minister Mohammad Ishaq Dar in Islamabad.The forum allowed alloca…
The price of gold in Pakistan decreased slightly on Tuesday to fall below the Rs. 225,000 per tola barrier.According to the data released by All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of gold (24 carats) increased by Rs. 80…
The Federal Board of Revenue (FBR) has increased the rate of “Further Tax” from 3 to 4 percent on supplies made to unregistered persons.According to a sales tax circular issued by the FBR, Further Tax is charged on supplies of taxable goods made by a …
Engro Corporation Limited has purchased an aggregate of 39.5 million issued and paid-up ordinary shares of the company, representing approximately 6.86 percent of the issued and paid-up share capital of the company.“In compliance with Regulation 10(g)…