The Pakistani rupee (PKR) was bearish against the US Dollar today after opening trade at 278 in the interbank market.
It was largely stable but closed in red against the greenback. It also plunged against other major currencies during today’s sessio…
Investment research firm and stock markets index provider Morgan Stanley Capital International (MSCI) has added one Pakistani-listed company to its indices.
The National Bank of Pakistan (NBP) has been added to the MSCI FM Standard Pakistan Index.
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The federal government is likely to increase an advance tax on cash withdrawal by non-filers from banks in the next fiscal year budget.
Sources told ProPakistani that this tax proposal has been discussed with the IMF team in recent ongoing negotiati…
There has been a change in the acquiring entities of Engro Powergen Qadirpur Limited (PSX: EPQL) who want to purchase 68.89 percent of its equity, manager to the offer Arif Habib Limited informed the main bourse on Wednesday.
‘We, Arif Habib Limited…
The federal government has shared with the International Monetary Fund (IMF) that it will increase the average electricity tariff based on annual adjustments from Rs. 5 to Rs. 7 per unit in July.
Despite the proposed increase, the government said it…
Citi Pharma Ltd (PSX: CPHL) announced on Wednesday that it is transitioning from traditional energy sources to solar power.
‘In our continuous commitment to reducing our carbon footprint and embracing cleaner energy alternatives, we have made the de…
The upcoming federal budget (2024-25) would issue new rates of duties and taxes on the import of black tea.
The Federal Board of Revenue (FBR) has submitted three proposals before the Finance Minister for approval.
The purpose of the exercise is to…
The price of gold in Pakistan increased on Wednesday after falling on the opening two days of the week.
According to data issued by the Karachi Sarafa Association, the price of gold (24 carats) rose by Rs. 2,900 per tola to Rs. 241,100, while the pr…
Federal Minister for Planning, Development and Special Initiatives Ahsan Iqbal presided over a high-level meeting to discuss the role and reforms of the Planning Commission and viewed to re-examine the structure of Planning Commission and make necess…
The State Bank of Pakistan in its State of Pakistan’s Economy Report for H1-FY24 admitted that it doesn’t understand why the depreciation of the Pakistani Rupee (PKR) impacts inflation in the country.
‘The real effective exchange rate in Pakistan (R…
