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Stocks rally, rupee rebounds as Saudi Arabia announces support package

Stocks rally, rupee rebounds as Saudi Arabia announces support package

Saudi Arabia - The rupee bounced back to gain Rs2.5 against the US dollar, on Wednesday, in the interbank market - closing the trade at Rs172.78. According to experts, the Pakistani currency gained strength after

Gold prices witness record spike

Gold prices witness record spike

Pakistan - The price of one tola of gold saw a further increase in its price on Tuesday. With a spike of over Rs4,200, one tola of gold has now reached an all-time high of

Govt drops another petrol bomb on masses amid rising inflation

Govt drops another petrol bomb on masses amid rising inflation

Pakistan- The government has, on Saturday, announced a massive spike in the prices of all petroleum products for the next 15 days - with immediate effect. As per the notification that the Ministry of Finance

Petrol prices likely to be increased by Rs7

Petrol prices likely to be increased by Rs7

Pakistan- October 16 onwards, the prices of petrol and high-speed diesel (HSD) are likely to be spiked by Rs7 and Rs10 per litre, respectively. With what is apparent, another hefty blow to the masses is

Low tax collection: IMF asks Pakistan to ‘do more’

Low tax collection: IMF asks Pakistan to ‘do more’

Pakistan- The International Monetary Fund (IMF) has asked Pakistan to take additional taxation measures - income and sales taxes and regulatory duty - to increase the annual tax collection target to Rs6.3 trillion from Rs5.8

SBP locks major steps to curb dollar outflow to Afghanistan

SBP locks major steps to curb dollar outflow to Afghanistan

Pakistan- The State Bank of Pakistan (SBP) imposed, on Wednesday, another restriction on the buying of dollars from the open market. The central bank said biometric verification was compulsory for those who would purchase $500

Pakistan for economic and humanitarian assistance to Afghans

Pakistan for economic and humanitarian assistance to Afghans

Foreign Minister Makhdoom Shah Mahmood Qureshi said, on Sunday, that the situation in Afghanistan needs a sustained international engagement and pressed for solidarity and support to the people of Afghanistan. The foreign minister said Pakistan’s

How can Pakistan amplify its IT exports?

How can Pakistan amplify its IT exports?

The future belongs to innovations and technological disruptions. 5G, internet of things, artificial intelligence, cloud and mobile computing, data mining, robotics, cryptocurrency, and blockchain are the words that are yet to be widely heard. Computers

25 textile companies contribute 21pc to $25bn exports

25 textile companies contribute 21pc to $25bn exports

The top 25 textile companies have contributed over $5.361 billion, or 21 per cent, to Pakistan’s overall exports of $25bn in 2020-21. APTMA (North Zone) Chairman Abdul Rahim Nasir said, “It is a matter of

Car prices likely to decline on duty cut

Car prices likely to decline on duty cut

Consumers are to get up to Rs224,000 as the government has slashed federal excise duty and general sales tax on some vehicles with effect from Thursday. The Federal Excise Duty (FED) is slashed on cars