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Business

Brief Respite: PKR Stable Against US Dollar, AED, Saudi Riyal

The Pakistani rupee (PKR) was stable against the US Dollar today after opening trade at 278 in the interbank market.

It was largely stable and closed in green against the greenback. However, it managed to post some gains against other major currenci…

Govt Slashes Profit Rates on National Savings Schemes

The government has decreased the rates of profit on national savings certificates and schemes by up to 24 bps.

The profit rates have been decreased on Bahbood Savings Certificates (BSC), Defence Savings Certificates (DSC), Pensioner Benefit Account …

Pakistan to Miss Out On GDP Target This Year, Says SBP

The State Bank of Pakistan (SBP) has forecast the GDP growth rate to be settled between 2 and 3 percent in the current financial year as against the target of 3.5 percent set earlier despite the improvement in macroeconomic indicators.

According to …

P@SHA Proposes Taxation Reforms for Exporters of IT Services

Pakistan Software Houses Association (P@SHA) Chairman Muhammad Zohaib Khan Tuesday said that unanimous and representative budgetary proposals regarding the IT industry from the platform of P@SHA have been submitted to the concerned ministries and imp…

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