Business
Banks to remain open this weekend to facilitate tax collection
On April 29 and 30, 2023 (Saturday and Sunday), all authorized branches of banks will open and operate with extended...
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Indus Motor Company reports profit of Rs3.22bn for Jan-Mar, 37% lower YoY
Indus Motor Company (IMC), Pakistan's Toyota vehicle assembler, declared a profit after tax (PAT) of Rs3.216 billion for the third...
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Intra-day update: rupee falls against US dollar after Eid holidays
The Pakistani rupee opened with a small loss versus the US dollar, falling approximately 0.31% in the inter-bank market during...
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Dar urges FBR to boost tax revenue collection efforts
Federal Minister of Finance Ishaq Dar, has encouraged the Federal Board of Revenue (FBR) to increase tax collection efforts so...
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Govt’s Bank Borrowings Increase by 182% to Reach Rs. 3 Trillion
Bank lending to the federal government increased by 182% in the first nine months of the current fiscal year, while...
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Pakistan took loans worth $5.58bn in 2022
Pakistan received $5.58 billion in loans from the Asian Development Bank (ADB) in 2022, making it the largest recipient of...
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PIA, railways slash fares by up to 33%
On the occasion of Eid ul Fitr, Federal Minister for Railways and Aviation Khawaja Saad Rafique announced a cut in...
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Rupee expected to hold steady against dollar after Eid break
During the Eid holidays, the rupee is projected to remain range-bound against the dollar, as importers and businesses are expected...
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Pakistan and Saudi Arabia Expected to Sign $2 Billion Deposit Deal After Eid
Pakistan is hopeful that a deal for an additional $2 billion deposit from Saudi Arabia will be signed after Eid...
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Forex reserves up by $400 million
Due to loan inflows, the country's total liquid foreign exchange reserves increased by $ 400 million in the last week....
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