Tax increased on card payments at restaurants
Previously, tax on debit and credit card payments was reduced from 15% to 8%
Money
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 per tola decrease in Pakistan
The price of silver remained stable at Rs2920 per tola
PM Shehbaz Sharif sets $60bn annual export target for Pakistan
Shehbaz highlighted need to reduce delivery duration of Pakistani goods to Europe and America
PSX-100 index witnesses bearish trend
Auto sector shares gain prominent buyers
Car sales decline after new vehicle tax in budget 2024-25
Increase hasn't only affected sale of new vehicles, but also prices of existing inventory, straining businesses
Tajir Dost Scheme expanded to 42 new cities across country
The FBR will independently determine the fair market value of the shops
US dollar thrashes Pakistani Rupee in interbank trading
Political turmoil could derail Pakistan’s economic recovery, warns Fitch
Massive hike in chicken meat prices
Shopkeepers in Lahore report a notable decline in sales
NA committee okays Privatisation Commission Amendment Bill 2023
Minister Aleem Khan assures bids for PIA would be opened in front of media
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
State bank of Pakistan to launch digital currency to boost remittances
Proposed system will enable Pakistanis to transfer money at minimal costs
PSX suffers severe recession, falls below 79,000 limit
Rollover week begins, putting market under selling pressure
Pakistan's IT sector grows with SIFC support
Govt allocates over Rs79bn for IT development
Gohar Ejaz calls for overhaul of IPP contracts
Former minister attributes inflated costs to corrupt contracts
Study reveals unprecedented debt crisis in developing countries
New report asserts current debt crisis exceeds the severity of past financial crises
Karachi sees massive hike in vegetable prices amidst rains
Vegetable sellers attribute price hikes to reduced supply
Karachiites to witness massive hike in power tariff
Approval to intensify financial strain on consumers grappling with runaway inflation
Massive increase in chicken and egg prices
Residents express frustration over the escalating prices
Utility Stores dismiss sugar shortage, crisis in country
USC attributes temporary halt in sales to recent imposition of additional tax in new budget
Saudi Riyal to PKR latest exchange rate today
Steady trend reflects current financial landscape, providing sense of assurance to those closely following currency dynamic
Major challenges: Govt informs IMF of revised budget 2024-25 targets
Net income projected to decline by Rs1,258bn, from Rs10,377bn to Rs9,119bn
Gold rate in Pakistan decreases for second consecutive day
Market analysts attribute rise in gold prices to various factors, including fluctuations in global market
Pakistan to invite Chinese companies to invest in seven major sectors
High-level meeting finalises strategy for joint ventures between Chinese and Pakistani companies
Pakistan, Azerbaijan agree on $2 billion bilateral trade
15 MoUs and agreements signed covering various sectors
FINANCE
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Dollar and stocks gain as Fed charts 'soft landing' path
Fed's cut expected to support spending and US economy, encourage other central banks to cut rates
SBP reports 11.5% growth in banking sector for first half of 2024
Predicts easing market pressure with gradual economic recovery in 2024
Pakistan’s current account swings to $75m surplus in August
Current account deficit in July stood at $246 million
CCP cracks down on unfair business practices
Recovers Rs70 million in fines from industries including sugar, cement, cooking oil, and beverages
Punjab's 3-phase electricity users excluded from Rs14 per unit relief
LESCO sources say relief of Rs14 per unit is now only applicable to those with single-phase meters
AUTO
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NEPRA approves K-Electric's revised tariff, mandates Rs 3 per unit recovery
The decision is forwarded to the federal government for formal notification
Oil prices rebound as OPEC+ prepares for crucial meeting on production cuts
Anticipation builds for OPEC+ decision amidst supply-demand concerns
Global crude oil prices dip further
Price of Russian oil per barrel falls below $60 in international market
GCI, Bboxx launch clean cooking initiative in Pakistan
Clean cooking is crucial for enhancing health and reducing carbon emissions
NEPRA seeks electricity price hike by Rs3.53 per unit
Application approval to burden consumers with additional Rs40bn, not applicable to KE
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