The Embassy of Uzbekistan in Islamabad, in collaboration with the Ministry of Investment, Industry, and Trade of Uzbekistan and the Ministry of Commerce of Pakistan, is going to organize the much-anticipated ‘Made in Uzbekistan’ exhibition from February 11 to 13 at the Expo Lahore (foyer area), showcasing a diverse range of Uzbek products, industries, and […]
Business
Rupee gains 9 paisa against dollar
Pakistani rupee on Tuesday appreciated by 09 paisa against the US dollar in the interbank trading and closed at Rs278.95 against the previous day’s closing of Rs279.04. However, according to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.50 and Rs 281.00, […]
Gold prices up by Rs1,900 per tola to Rs294,300
The price of 24 karat per tola gold increased by Rs.1900 and was sold at Rs 294,300 on Tuesday against its sale at Rs 292,400 on previous trading day, All Sindh Sarafa Jewellers Association reported. The price of 10 grams of 24 karat gold also increased by Rs.1629 to Rs.252,314 from Rs. 250,685 whereas that […]
Finmin reviews CCP’s performance, strategic initiatives
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, Tuesday chaired a high-level meeting to review the performance of the Competition Commission of Pakistan (CCP). The meeting focused on measures to enhance the CCP’s operational efficiency and institutional effectiveness in fulfilling its regulatory mandate, said a press release. The meeting was attended by Chairman CCP, […]
Govt issues EV production licenses to 57 manufacturers: report
In a bid to expand local electric vehicle (EV) production, the government has granted licenses to 57 EV manufacturers, reported Radio Pakistan Tuesday. “The government is focusing on expanding local EV production, with licenses issued to 55 manufacturers for two and three-wheelers, and two for the assembly of four-wheelers,” read the report. As per the […]
SECP for easing name reservation requirements for firms
The Security and Exchange Commission of Pakistan (SECP) has issued guidelines for easing name reservation requirements for companies, which is a significant step towards streamlined corporatization. In order to further simplify the name reservation process, SECP has issued name reservation Guidelines which will replace the existing FAQs for name reservation. The Guidelines provides guidance around […]
Public holiday: PSX, SBP to remain closed today
The Pakistan Stock Exchange Limited (PSX) will remain closed on Wednesday, February 05, 2025, in observance of the Kashmir Day holiday as per a notice issued on Tuesday. “All TRE Certificate Holders, staff and concerned are hereby informed that Pakistan Stock Exchange Limited will remain closed on Wednesday, February 5, 2025, being a public holiday […]
FBR uncovers Rs977m tax fraud in export facilitation scheme
The Federal Board of Revenue (FBR) has uncovered a tax fraud worth Rs 977 million carried out under the Export Facilitation Scheme (EFS). According to Director Customs Post Clearance Audit (PCA) South, Shiraz Ahmed, two fraudulent companies misused the EFS to evade taxes on the import of precious metal molds. The companies allegedly imported 47 […]
PSX witnesses bearish trend, loses 809 more points
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bearish trend on Tuesday, losing, 809.63 points, a negative change of 0.72 percent, closing at 111,935.38 points as compared to 112,745.01 points on the last trading day. A total of 436,325,053 shares were traded during the day as compared to 401,456,556 shares the previous trading day, […]
ECC urges relief for common man amid low inflation
The Economic Coordination Committee (ECC) of the cabinet here on Monday, while expressing satisfaction over declining inflation, urged that the downward price trends should translate into tangible relief for the common man. The ECC met under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, according to press release issued by finance […]