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Business
Dollar drops to 9 month low against Pak Rupee
The US dollar depreciated against the Pakistani rupee, reaching a 9-month low according to reports on Tuesday. The rupee-dollar parity now…
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.…
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…
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…
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…
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…
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…
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…
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…