Business

Rupee Strengthens after Brief Depreciation last Week

Rupee strengthens

The rupee again gained value against the dollar on Monday, after having lost some of it on Thursday and Friday last week.

Minister Nawaz Sharif Approves Plan for PIA’s revival

Airlines PIA

Prime Minister Nawaz Sharif has approved in principle a plan for revival of Pakistan International Airlines (PIA), aimed at bringing the national flag-carrier, currently running in losses of billions of rupees, to a break-even level within a year, by increasing revenue and taking cost-cutting measures.

Pakistan Afghanistan to Enhance Trade ties

Afghanistan enhance

Pakistan and Afghanistan agreed on Sunday to enhance bilateral trade and economic relations and inaugurated construction work on dualisation of the 75km Torkham-Jalalabad road.

Dollar rallies in Asia on upbeat US data

Dollar rallies

The dollar rallied against the yen in Asia Friday as investors digested mixed US data, while weak eurozone manufacturing pressured the euro.

Facebook Bets big on Mobile with $19 bn WhatsApp Deal

Facebook deals

Facebook is betting huge on mobile with an eye-popping cash-and-stock deal worth up to $19 billion for Internet Age smartphone messaging service WhatsApp.

Pakistan to Hold 3G 4G Auctions in April Finance Minister

Mobile

Pakistan will hold long-awaited auctions for 3G and 4G telecoms licences this April, the finance minister said on Friday, a step that could help boost the cash-strapped country’s foreign reserves.

SECP to be More Creative to Combat Corporate Fraud

islamabad pakistan

The Securities and Exchange Commission of Pakistan (SECP) plans to be more creative and assertive in the way it uses the enforcement tools at its disposal.

Dar launches Securities Trade at stock Markets

Finance Minister

Finance Minister Ishaq Dar has formally launched the stock trading of government securities at stock exchange here on Tuesday.

FBR issues MPs tax directory

MPA'S Tax report

ISLAMABAD: The Federal Bureau of Revenue (FBR) has issued tax directory of Parliamentarians on its website, according to which as many as 102 MPs have not submitted their tax returns. According to details, the FBR has received tax details of 1172 members of the Parliament while 102 have yet to file their tax returns. According […]

Pakistan forex reserves fall to $7.589bn

State bank of pakistan reserves

KARACHI: Pakistan’s foreign exchange reserves dropped to $7.589 billion in the week ending February 7 compared to $8.017 billion in the previous week, the State Bank of Pakistan (SBP) said. Remittances from Pakistanis abroad rose 9.46 percent to $7.8 billion in the July-December first half the 2013/14 fiscal year, from $7.11 billion in the same […]

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