Business
Business
Pakistanis accumulate 90% USD: FBR
The Federal Board of Revenue (FBR) claims 90% of the dollars are accumulated in Pakistan, while currency smuggling accounts for…
Exchange firms offer Open-market LCs for imports
Pakistan's Exchange firms offered to open and pay for the opening of letters of credit for imports because banks lacked…
Pak Suzuki extends plant closure due to inventory shortages
Pak Suzuki Motor Company Limited (PSMC), one of Pakistan's largest car manufacturers, has extended the plant's closure until January 13.…
Government may impose a 70% Windfall Tax on bank profits
The government is considering imposing a 50% to 70% Windfall Tax on banking profits, similar to the one used in…
Millat Tractors stopped production in Pakistan
Millat Tractors, Pakistan's largest tractor manufacturer, has stopped production due to a lack of demand. According to details, Millat Tractors…
SBP reserves hit lowest since April 2014
As Pakistan paid external debts during a severe economic crisis, the State Bank of Pakistan's (SBP) foreign exchange reserves fell.…
Pakistan anticipates Saudi Arabia’s deposits in a couple of days
Finance Minister Ishaq Dar stated Saudi Arabia will increase its deposits in Pakistan "within days, not weeks." The rupee continues…
As imports fall, the trade deficit narrows to $17.13bn
In the first half of the current fiscal year, Pakistan's trade deficit shrank 32.65% to $17.13 billion as imports of…
Pakistan’s inflation reaches 24.5pc in December
The Consumer Price Index (CPI) shows an increase in inflation in Pakistan of 24.5% in December from 12.3% last year,…