The Pakistani Rupee (PKR) once again posted losses against the US Dollar (USD) in the interbank market today. It depreciated by 18 paisas against the greenback after hitting an intra-day low of Rs. 177.07 against the latter during today’s open market s…
Read MoreThe Federal Board of Revenue (FBR) has proposed that the procedure of clearance of cargos at Border Customs Stations and Dry ports be tightened to minimize the risk of misdeclaration during the clearance process. Also, punishment has been suggested aga…
Read MoreSystems Limited has expanded its operations in the heartland of the Arab world with the establishment of its 100 percent owned subsidiary in the Kingdom of Saudi Arabia, aimed at enhancing its footprint in the foreign markets.The company has set up the…
Read MoreThe Federal Board of Revenue (FBR) has collected Rs. 730 million from those people who are involved with own-money associated with the vehicles business.The Chairman of the FBR, Dr. Muhammad Ashfaq Ahmed, told the Senate Standing Committee on Finance R…
Read MoreThe oil refining sector is currently looking for a way out as Independent Power Producers (IPPs) are refusing to lift locally-processed furnace oil as inventory for emergency use.The Chairman of Cnergyico PK Ltd. (previously Byco Petroleum), Mohammad W…
Read MoreThe federal government’s debt swelled to an all-time high of Rs 40.99 trillion during the first five months of the current fiscal year, mainly due to the depreciation of the local currency and the State Bank of Pakistan’s loan to the government against…
Read More