The price of gold in Pakistan decreased on Thursday after seeing the largest one-day spike the day before. The price of gold (24 carats) declined by Rs 2,700 per tola to Rs 237,300 and by Rs 2,314 for 10 grammes to Rs 203,447, according to statistics made public by theRead More →
ISLAMABAD – The government has resolved to eliminate customs fees and extra customs levies on Turkish imports until 2033. According to the FBR, charges on glucose, glucose syrup, taste powder, dog and cat food have been eliminated, while duties on 133 goods, including corn flakes, mosquito killing sprays, and electricRead More →
TOKYO, (Reuters) – Oil prices surged more than 2% on Friday as energy companies reported strong results and U.S. statistics showed oil production dropping while fuel demand increased. Brent futures for June delivery increased $1.17, or 1.5%, to $79.54 a barrel on their last day as the front-month, while theRead More →
LAHORE (Wed Desk) – The State Bank of Pakistan declared that the Rs 75 commemorative bank note released on Pakistan’s 75th Independence Day was lawful cash. The bank stated that the note will be utilised as a means of exchange for all transactions in Pakistan. On Pakistan’s 75th Independence Day,Read More →
ROME : (Reuters) Claudio Descalzi, the CEO of the Italian oil and gas firm Eni (ENI.MI), has said that he does not anticipate any “big shocks” in the energy markets this year. Descalzi said in an interview with La Stampa newspaper that “European gas storages are full and, although theRead More →
According to figures released by the State Bank of Pakistan (SBP) on Monday, Pakistan’s Real Effective Exchange Rate (REER) decreased sharply in January from 96.2 in December to 92.8. The results showed that the REER decreased 4.4% yearly. The REER value decreased by 3.57% per month. The Nominal Effective ExchangeRead More →
The National Parliament approved the Finance (Supplemental) Bill, 2023 on Monday, proposing Rs. 170 billion in new taxes and tariffs, opening the way for the staff-level agreement with the International Monetary Fund (IMF). When the bill’s debate came to a close, Finance Minister Ishaq Dar said that although the governmentRead More →
The All Pakistan Textile Mills Association (APTMA) has warned the government that large layoffs would occur shortly, resulting in severe unemployment for more than 10 million people in Punjab. APTMA has asked the government in a letter to the premier to establish a fair playing field throughout the nation byRead More →
Based on foreign areas and destinations, the government has established new federal excise tax (FED) rates for first class, business class, and club class airline tickets. On Monday, the government presented the Finance Supplemental Bill 2023 revisions.For FED, new slabsThe FED would be applicable on club, business, and first-class flightRead More →
ISLAMABAD (Web desk) – According to figures from the Pakistan Telecommunication Authority (PTI), the telecom industry in Pakistan produced record earnings of Rs 694 billion during the fiscal year 2021–22 as opposed to Rs 651 billion during the same period in 2020–21. The authority claims that the past quarter’s growthRead More →
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