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RIYADH: In a major boost to Pakistan’s efforts to strengthen its forex reserves amid the worsening currency crisis, Saudi Crown Prince Mohammad Bin Salman Tuesday directed the...
ISLAMABAD: About 90% of the dollars are being hoarded in Pakistan while currency smuggling has just a 10% share, revealed a member of the Federal Board of Revenue (FBR)...
LAHORE: Commercial banks are refusing to issue letters of credit for edible oil imports despite the exclusion of the sector from the condition of prior permission from the...
ISLAMABAD: The government is considering slapping a Windfall Tax on the profits of the banking sector in the range of 50% to 70% similar to the...
Brent futures and US crude falls by more than 4%.Concern about oversupply continue to cloud the oil market.Dollar weakens on Wednesday after big gains in the...
Gold was unstoppable on Wednesday too as it nailed yet another life-high with its safe-haven appeal growing stronger amid rupee depreciation and a dollar dearth. According to...
ISLAMABAD: The government may impose a flood levy ranging from 1-3% on all imports through a presidential ordinance keeping in consideration a waiver to basic food items and raw...
The Economic Coordination Committee (ECC) of the Cabinet has greenlighted the export of 250,000 tonnes of sugar with the condition that the Pakistan Sugar Mills Association (PSMA) ensures...
Under Prime Minister Shehbaz Sharif’s relief package, essential food items will be provided at subsidised rates at the Utility Stores Corporation (USC) outlets across the country...
For much of the global economy, 2023 is going to be a tough year as the main engines of global growth — the United States, Europe...
