Pakistan starts exporting vehicles, spare parts with SIFC support
Indus Motor Company announced its major export initiatives at an event held Karachi
Money
Pakistan eyes $7 bln IMF deal as friendly countries agree for loan extension
IMF Executive Board meeting is expected at the end of August
Chevening Scholarships 2024-25 now open for Pakistani students; Apply here
Scholarships are available for any eligible Master’s program at over 100 UK universities
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Gold prices in Pakistan decline further
Silver rates in local market also decline to Rs2,850 per tola
More oil and gas deposits discovered in Kohat
newly discovered well expected to yield 159 barrels of oil, 16.4 million standard cubic feet of gas per day
IMF Board to approve staff-level agreement by month end: Aurangzeb
Minister stresses need for effective planning to mitigate impacts of population growth, climate change
US dollar gains ground against PKR in interbank trade
KSE-100 index benchmark reached 77709
Foreign investors' profits increase with SIFC support boosts economy
According to SBP, repatriation sees rise of $1.884 billion from previous fiscal year 2022-2023
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
World Bank to give $8.7bn loan to Pakistan for development projects
Rural water supply project in Punjab to get $440m, $300m for improving access to rural areas in KP
Gold prices in Pakistan continue to decline
Silver rates in local market remain stable at Rs2,900 per tola
Global stock markets plunge amid Middle East tensions
Japan's Nikkei index particularly hard hit, falling by 4,451 points in a single day
Govt sets up 8-member task force for reforms in energy sector
Team to tackle billions of rupees in capacity payments to IPPs, revise existing contracts
Tax relief for salaried class not possible before IMF approval
Decisions regarding tax relief will consider the IMF’s possible concerns
Gas shutdown alert issued for Karachi on August 4
Temporary halt in gas supply due to major infrastructure project
Salaried class writes historic letter to PM, urges tax relief
Alliance requests the govt to increase annual tax exemption limit for salaried class from Rs600,000 to Rs1.2m
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Gold prices in Pakistan fall after consistent rise
Silver rates in local market remain stable at Rs2,900 per tola
Pak Suzuki starts exports to Bangladesh, Afghanistan with SIFC support
Minister praises Pak Suzuki's achievement of producing 2.5 million vehicles in Pakistan
Govt begins right sizing of federal ministries and departments
Committee urges Ministry of IT to implement recommendations
PSDF, GIZ sign contract for OJTCs in textile industry
The initiative will establish 13 industry-based OJTCs and 2 specialized centres for PWDs
Currency Update: Saudi Riyal and UAE Dirham fall against PKR
Fluctuation in the value of Saudi Riyal and UAE Dirham make exchange rate a focal point for many Pakistani expatriates
Govt issues notification for power sector privatisation
Move is part of the government’s broader strategy to reform the power sector
How much token tax will have to be paid on 1000cc cars?
Punjab govt announces 10% discount on vehicle token tax payments
FINANCE
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After brief drop, gold again reaches all-time high
Silver prices in local market remain unchanged, hold steady at Rs2,950 per tola
Action against banks over expensive dollar sales worth Rs65bn
Economic Affairs Ministry directed to take measures to recover money from banks involved
PSMA appeals SBP for repayment deadline extension to Dec 31
Warns of delay in commencement of next sugarcane crushing season
FBR issues statement on income tax return filing deadline
Bureau gears up to take stringent actions against individuals, businesses failing to comply with deadline
Railways decreases fare by 10% for all classes
Reduction applies to both AC classes of express and mail trains, as well as economy classes of passenger trains
AUTO
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Petrol price likely to go up from next month due to this reason
Up tick attributed to recent surge in global oil rates, particularly in Middle East
Cotton prices rise to unprecedented heights
Continuous decrease in temperature, fear of delay in cotton cultivation this year
Power crackdown: Over Rs2 billion recovered, 261 arrested in a week
From Jan 14 to 21, authorities collected Rs2.061bn in fines, penalties from electricity thieves nationwide
Power play: K-Electric secures 20-year licence renewal from Nepra
KE had requested a non-exclusive licence in anticipation of the power sector's upcoming liberalization
Pakistan receives next installment of $700m from IMF
Central bank confirms disbursement will be reflected in SBP reserves for week ending on January 19
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