Browsing Category
Business
Rupee crosses 171 against dollar
KARACHI: Pakistani rupee maintained its downtrend on Tuesday as it dropped below Rs171 against the US dollar in the inter-bank market for the first time in history in the wake of rising demand for the greenback to pay a ballooning import…
IMF forecasts 4% growth for Pakistan in FY 2021-22
IMF forecasts Pakistan’s GDP unchanged at 4% for the fiscal year 2021-22.IMF endorses Pakistan's provisional figures of GDP growth rate of 3.9% during the previous fiscal year 2020-21.The inflation rate would ease from 8.9% during the year…
Rupee slides to fresh low of 171.04
Currency records a loss of 0.17% due to mounting import payment pressure and uncertainty regarding IMF talks.With a fresh drop of 30 paisas, the rupee has depreciated Rs13.5 since the start of the current fiscal year on July 1,…
Gold shines as rupee falls to record low
Bullion prices settle at Rs116,000 per tola with an increase of Rs750 per tola.Gold rates in the international market record a nominal increase of $8 per ounce to $1,763."The precious commodity is expected to trade within a range of…
IMF seeks Rs 225b more in income taxes
ISLAMABAD: The International Monetary Fund (IMF) has asked Pakistan to impose income taxes worth around Rs 225 billion, while questioning the sustainability of the revenue performance due to a shift in policy to curb imports.
The IMF…
Saudi non-oil growth at 7-year high
DUBAI: The easing of pandemic-induced restrictions on business activities and travel has pushed Saudi Arabia’s non-oil private sector to grow in September, at the fastest rate in seven years, Arab News quoted IHS Markit, as saying.
The…
Govt to borrow Rs5.9tr in 3 months
Will float T-bills and PIBs to raise funds to pay off maturing debt
KARACHI:
The Pakistan Tehreek-e-Insaf (PTI) government has planned to raise debt worth Rs5.87 trillion by offering sovereign securities to commercial banks over the…
Pakistani rupee breaks losing streak, gains 0.11% against US…
Local currency recovers 18 paisas and closes at a one-day low of Rs170.48.The rupee has been under immense pressure in recent weeks due to widening current account deficit and historically high trade deficit.Financial experts are now…
No extension this time, FBR warns
KARACHI: The Federal Board of Revenue (FBR) has Thursday confirmed it will not extend the deadline to file a tax return after September 30 midnight, COUNTRY NEWS reported.
All the individuals, companies and associations of persons have…
Gas Prices In Europe Break New Record Of Over $1,150 Per 1,000…
The price of gas futures in Europe reached a new historic high, topping $1,150 per 1,000 cubic meters on Thursday, according to trading data on ICE Futures
MOSCOW (UrduPoint News / Sputnik - 30th September, 2021) The price of gas …