The Pakistani Rupee (PKR) finally recovered against the US Dollar (USD) and appreciated 43 paisas against the latter in the inter-bank market today. It hit an intra-day high of Rs. 174.20 against the USD during today’s open market session.The PKR appre…
Pakistan Imports Phones Worth $644 Million During July-October FY22
Pakistan imported mobile phones worth $644.673 million during the first four months (July-October) of 2021 compared to $557.961 million during the same period of last year, registering a growth of 15.54 percent, according to the Pakistan Bureau of Stat…
Pakistan Records Highest Textile Exports Since June 2021
The textile exports of Pakistan were registered at $1.6 billion on October 21, according to the Pakistan Bureau of Statistics (PBS), the highest since June 2021. Compared to the last year, textile exports have increased by 24%, moving from $1.28 billio…
Pay & Pension Commission Reconstituted Under Chairmanship of Zafar Ahmad Khan
The federal government has reconstituted the 21 member Pay and Pension Commission by making the appointment of Zafar Ahmad Khan as Chairman.The document states that the Ministry of Finance has notified the 21 members Pay and Pension Commission includin…
ECC Recommends PPRA to Relax Rules for Urea Import
The Economic Coordination Committee (ECC) of the federal cabinet has recommended Public Procurement Regulatory Authority (PPRA) to give exemption to the Trading Corporation of Pakistan (TCP) from its rules to republish tender for procuring urea from ab…
FBR to Audit Over 50,000 Income Tax Cases of 2019
The Federal Board of Revenue (FBR) has decided to select over 50,000 income tax cases of the tax year 2019 for audit, reflecting an extraordinary increase of 36,000 cases as compared to more than 14,000 cases it had picked for the tax year 2018.The FBR…
ICC Under Fire For Robbing Babar Azam of Player of Tournament Award
Experts, former cricketers, and fans alike have criticized the International Cricket Council (ICC) for awarding the Player of the Tournament to the Australian opening batter, David Warner, instead of Pakistan’s captain, Babar Azam, who statistically ou…
PCB Announces Test Squad For Bangladesh Tour
National selectors today announced the Pakistan men’s cricket team for the two Tests against Bangladesh, which will be played in Chittagong (26-30 November) and Dhaka (4-8 December).Opener Imam-Ul-Haq, middle-order batter Kamran Ghulam and off-spinner …