1. Home
  2. Business

Category: Money

The offshore miasma, legalities and consequences

The offshore miasma, legalities and consequences

Pakistan - Millions of documents uncover offshore deals and assets of about 30 world leaders, 100 billionaires, and 300 public officials. The hidden assets and secret deals of some of the world’s most powerful and

FBR grants 15-day extension for filing income tax returns

FBR grants 15-day extension for filing income tax returns

Pakistan - Federal Minister for Finance and Revenue Shaukat Fayyaz Tarin announced Thursday to extend the date for filing income tax returns by 15 days till October 15. He did so after listening to problems

China set to implement ‘3.$5b Karachi project’

China set to implement ‘3.$5b Karachi project’

Pakistan - China is eager to work with Pakistan to implement the decisions of the recently held 10th Joint Cooperation Committee (JCC) of CPEC, including the Karachi project, Chinese Foreign Ministry Spokesperson Hua Chunying said

FBR to allow traders 40-day time to switch to digital mode of payments

FBR to allow traders 40-day time to switch to digital mode of payments

The government has again allowed using banking cheques for payments of over Rs250,000 - local media reported Sunday night. The government had disbanded the use of cheques just two days ago. This underscores its lack

Pakistan to trade with Afghanistan in rupees

Pakistan to trade with Afghanistan in rupees

Pakistan, on Thursday,  announced its financial plans for Afghanistan and has chosen to go forth with bilateral trade with the Taliban in Pakistan’s own currency - the rupee. This step is being regarded as Pakistan’s

Rupee loses more ground against US dollar

Rupee loses more ground against US dollar

The Pakistani rupee stooped to a new one-year low against the US dollar - Rs166.87 - in the interbank market on Wednesday. The demand for foreign currency remained high compared to its supply in the

A 12-year-old Pakistani kid earns £300,000 during school holidays

A 12-year-old Pakistani kid earns £300,000 during school holidays

Benyamin Ahmed - a 12-year-old British Pakistani boy - has made a whopping £300,000 during school holidays. How has he achieved this remarkable feat? Well, he has done so after creating digital pictures of Weird

Strong demand from importers: Dollar surges to Rs166.3

Strong demand from importers: Dollar surges to Rs166.3

The US dollar appreciated against the Pakistani rupee for a third consecutive day as the State Bank, on Wednesday, reported the closing rate of the US dollar as Rs166.28. This is an all-time high, previously

Time to remit: Rupee hits its 10-month low

Time to remit: Rupee hits its 10-month low

Pakistan’s currency stooped to an 11-month low against the US dollar in the interbank market and recorded Rs165.20. This development comes despite the receipt of a notable amount of funds, on Tuesday, from the International

Pakistan’s current account posts $773m deficit in July: SBP

Pakistan’s current account posts $773m deficit in July: SBP

Pakistan, in July, posted a current account deficit of $773 million compared to the surplus of $583 million in the corresponding month of the previous year, State Bank of Pakistan (SBP) data showed on Friday.