Business

Business

Government withdraws additional GST on Auto Parts sale in Pakistan

The government has decided to withdraw the additional 2% GST being charged by auto mobile manufacturers.  The Finance Minister Mr.…

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Canadian-based firm Asia Resources Oil Limited (AROL) decides to pack its bags

Canadian-based firm Asia Resources Oil Limited (AROL) has decided to divest interest in all its assets in Pakistan. Several foreign…

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Rupee’s Surprised Gain has Panicked the USD Investors

The USD exchange rate remained stable at Rs105.06 for two months. However, the rapid devaluation of USD has panicked the  investors…

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Pakistan’s Foreign Exchange Reserves rose to $8.737 Billion – SBP

According to the State Bank of Pakistan,  foreign exchange reserves rose to $8.737 billion on February 28 compared to $8.654…

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US Doller in freefall against Pak Rupee

The dollar was traded at Rs103.50 in both markets indicating that the rupee is gaining faster than the market expectations…

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Increase in Foreign Remittances Has Stabilized Exchange Rate

Money chargers  are of the opinion that foreign remittances are higher for the last two months.  Pak rupee has gained…

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Provincial Govt. may set up Independent Power Projects – Federal Govt

The federal government has decided to empower provincial governments and private entities to set up independent power projects for their…

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Finally PM “Okays” Revival of PIA

Nawaz Sharif has finally approved a plan for restoration of PIA. The aim is turn the national flag-carrier into a…

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Fuel prices take a dive

The federal government today decreased the price of petrol by Rs. 2.73 a liter for the month of March. The…

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