PKR Remained Relatively Same Against USD and Closed at PKR 157.16
In the interbank session today, the Pakistani rupee (PKR) lost several paisa against USD and closed at Rs. 157.16 to USD. The previous day it closed at Rs. 157.13 to USD.
Business
Gold Prices Dropped by Rs. 1,900/tola to Settle at Rs. 104,200
In the Pakistani bullion market today, 24-karat gold prices witnessed a dip of Rs. 1,900 per tola and closes at Rs. 104,200 compared to Rs. 106,100 per tola of the previous day.
Pakistan’s Trade Deficit for FY21 is 11% Higher Compared to that of FY20
For FY21, imports have increased while exports have reduced when compared to FY20.
Pak-Qatar Sets on the Route to Strengthen Bilateral Ties
Qatar is of the view that besides the normal bilateral political, economic and security cooperation, the two countries are closely cooperating for peace in Afghanistan.
SBP Launches the End-to-End Digitization Program to Expedite its Processes
End-to-End Digitization is the new program by SBP to expedite the foreign exchange handling process.
91.6% of Funds for Some Petroleum Projects Have Been Released
The Government has released around 91.6% of funds from the total allocated amount of Rs. 1,8441.230 million to launch eight petroleum sector projects
PKR Strengthens by 71 Paisa Against USD
PKR strengthened by 71 paisas against USD and was traded at Rs. 157.13 compared Rs. 157.84.
24-karat Gold Witnessed a Dip of Rs. 1,100/tola
In the Pakistani bullion market today, the price of 24-karat of gold witnessed a dip of R. 1,100 per tola. The closing rate was Rs. 106,100 against sale at Rs. 107,200.
Nepal Suggested to Start Direct Flights With Pakistan to Promote Bilateral Ties
Nepal has suggested starting direct flights with Pakistan to help in promoting two-way trade. Nepal is of the view that both countries have great potential to enhance trade and economic cooperation.
Cotton Prices Rising, While the Supply is Low
Prime Minister of Pakistan shows his concern over the shortage of cotton and advised the Ministry of Commerce and Investment to take necessary measures in this regard.
PKR Strengthened Against USD by 19 Paisa
In the interbank session today, the Pakistani rupee (PKR) strengthened by 19 paisa against USD and closed at PKR 157.85 per USD. In the previous session, it closed at PKR 158.04 per USD.
Gold Witnessed a Dip of Rs. 1,050 in Pakistan
In the Pakistani bullion market, 24-karat gold witnessed a dip of Rs. 1,050 per tola and closed at Rs. 107,200. The previous session it closed at Rs. 108,250.
Shell Pakistan Reported an Annual Loss of PKR 4.82 Billion
For the year ended December 31, 2021, Shell Pakistan Limited (SHEL) reported losses of Rs. 4.82 billion, showing an increase in losses of 224% compared to the losses reported last year.
Sindh Government Eases Business Operations Due to Fall in COVID’s Cases
Following the action plans of NCOC, the Sindh government is also easing the restrictions on businesses and public places since there has been a decline in COVID-19 cases.
FBR hold tax awareness session in Rawalpindi college
To spread tax awareness in the society, FBR recently held a session at F.G Post Graduate College for Women, Kashmir Road, Rawalpindi.
Doha to Recruit 150,000 Workforce from Pakistani Over the Years
Doha intends to recruit over 150,000 workforces from Pakistan in the coming few years. The Consul General (CG) of Qatar, Mishal M. Al Ansari, recently shared this news.
PMRC & Partner Financial Institutions to promote Low-cost housing finance
Pakistan Mortgage Refinance Company (PMRC) and its Partner Financial Institutions (PFIs) joined hands to provide…
UBL Annual Profit Surged by 9% YoY in 2020
UBL’s annual profit witnessed a hike of 9% in 2020 compared to 2019. The reported profit after tax was Rs. 20.9 billion.
LPG Prices Increased By Rs.2 For March
According to the OGRA price statement, the price of LPG has been increased from Rs…
CPEC Continues its Pace Amid COVID-19 and Have Completed Several Projects
CPEC – the economy driven project – continued its pace amid COVID-19 and have completed several projects.