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BUSINESS
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…
FPCCI chief apprises Industries minister of SMEs bottlenecks
ISLAMABAD : August 29,2022. Irfan Iqbal Sheikh, President Federation of Chambers of Commerce and Industry (FPCCI) has apprised the problems of industrialists and small and medium enterprises (SMEs) to Federal Minister for Industries and…
Rupee loses more shine in inter bank trade
KARACHI : August 29, 2022: US dollar is continuing its flight against the local currency on 11 working session here on Monday.
According to the Forex Association of Pakistan (FAP), US currency soared to Rs Rs 222 (buying) and 222.50…
Dollar keeps bashing local currency , gains another Rs 1.30
KARACHI : August 26, 2022: US dollar rose to the new height as it appreciated by Rs 1. 30 to a rupee in interbank in the first session on Friday. US value pegged at Rs 220.80 against Rs 219. 50 of Thursday.
In the open market, its…
USD continues upward flight , ditches rupee further
KARACHI. August 25, 2022. US dollar maintained its upward flight against the rupee in both interbank and open currency market on Thursday. USD traded at 219 in interbank against its last day’s value of Rs 18.50.
In open market traded made…
Decline in workers remittances worrisome for Pakistan
KARACHI. August 24, 2022. Major decline in workers remittances in July this year is a worrisome factor for Pakistan. The official statistics suggested decline of 8.5 % in workers remittances against the same month of the last year.…
