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BUSINESS
SBP’s inaction pushes rupee in grey zone again
KARACHI: September 7, 2022: US dollar (USD0 continued its bullish trend against the rupee in both interbank and open market in Pakistan on Wednesday.
USD appreciated by another Rs 1.45 against the local currency and pegged at Rs 223.20 in…
Pakistan: USD becomes dearer in inter- bank, open market
KARACHI: September 6, 2022. After open market, US dollar turned bullish as it gained Rs 1.75 against the rupee in intertrade in the second session in the currency market on Tuesday. It closed at Rs 221.75 at closing of the day. In the first…
SBP’s criminal inaction creates heaven in Pakistan’s currency market for dollar mafia
KARACHI : September 5, 2022: Dollar mafia is back again to take advantage of rising demand of the US currency and jack- up its value in the open market .
On Monday , US dollar value increased by Rs 7.50 against the local currency .
The…
Gold gets costlier : check new rates here
KARACHI : September 5,2022. Gold made a gain of Rs 650 in its rates on the first working day of the week to take its per tola price in local market to Rs 147500 .
According to All Pakistan Jeweller manufacturers Association (APJMA)…
FPCCI warns govt of backlash of unbearable utility rates hike
ISLAMABAD : September 2,2022: Irfan Iqbal Sheikh, president Federation of Chambers of Commerce and Industry (FPCCI) has categorically informed the government that the business, industry and trade community of Pakistan is contemplating to…
USD value goes up despite inflow of $ 1.16 billion IMF funds
KARACHI : September 1, 2022: In a strange phenomenon , US dollar appreciated on Thursday against the local currency in interbank and open market when State Bank of Pakistan (SBP) had received $ 1.16 billion from International Monetary Fund…
FBR collects record revenue in August
ISLAMABAD : August 31, 2022. The Federal Board of Revenue (FBR ) has set a new record of tax collection by collecting Rs 489 billion tax in August 2022.
The FBR provisional statistics of tax collection released on Wednesday showed that…
USD dips more; rupee heading for massive gain
KARACHI. August 31, 2022: Us dollar shed another 1.50 in value against the rupee in interbank in the first session of the currency trading here on Wednesday.
In interbank trading, UDS dropped down to Rs 218.20 from last day’s Rs 219.75.…
FPCCI , Vietnam keen to promote bilateral trade
ISLAMABAD. August 30,2022: The: Federation Pakistan Chamber of Commerce and Industry (FPCCI) and Vietnam agreed for enhancing the bilateral trade and economic ties to further boost the trade and investment volume between both sides.…
PKR gains massive value against USD on IMF deal announcement
KARACHI: August 30, 2022: The rupee finally bounced back to gain value against US dollar on the news of approval of a bailout package by the International Monetary Fund (IMF).
The rupee gained Rs 2 in interbank and Rs 5 in the open…
