Gold Prices Drop Again in Pakistan: Down Rs. 1,200 per Tola
Gold Prices Drop– The price of gold in Pakistan decreased by Rs. 1,200 per tola on Tuesday, settling at Rs. 241,100 per tola. As reported by the Karachi Sarafa Association,…
Pakistan Stock Exchange (PSX) Achieved A New Record High Surpasses 74,500
The Pakistan Stock Exchange (PSX) achieved a new record high today, surpassing 74,500 and breaking the previous peak of 73,799 set on Monday. Continuing the positive trends from the previous…
Daily Blocking of 5000 SIMs: Telecom Companies Assure to Finance Minister
Finance Minister Muhammad Aurangzeb was reassured by telecom companies on Monday about daily blocking of 5000 SIMs belonging to individuals who had not filed their income tax returns. This commitment…
Telecom Operators in Islamabad Block Over 3,500 SIM Cards in Crackdown on Tax Evasion
ISLAMABAD: In a significant move against tax evasion, telecom operators in Islamabad have blocked over 3,500 SIM cards and issued warning messages to about 5,500 individuals who are non-filers. The…
IMF Urges Safeguards for Pakistan’s Special Investment Facilitation Council: Ensuring Transparency and Accountability
A recent IMF report emphasizes the necessity of implementing safeguards for Pakistan’s Special Investment Facilitation Council (SIFC) to ensure transparency and accountability for projects falling under Pakistan’s existing PIMA framework,…
Telecom Operators & FBR Agrees on Manual SIM Blocking for Tax Compliance
Telecom operators, in partnership with the Federal Board of Revenue (FBR), have reached an agreement to commence the manual blocking of SIM cards in incremental batches until full automation is…
IMF Projects Pakistan Lowered Financing Needs for FY 2024-25: Key Insights and Risks
The International Monetary Fund (IMF) revised downward its estimate of Pakistan’s gross external financing needs to $21.044 billion for the upcoming fiscal year 2024-25, equivalent to 5.5 percent of GDP,…
Massive Drop: Solar Panel Costs in Pakistan Slash by Over 50%
In a surprising turn of events, the Solar Panel Costs in Pakistan has plummeted to Rs. 37 per Watt, marking a substantial reduction from the Rs. 80 per Watt recorded…
SBP’s Foreign Exchange Reserves Surpass $9 Billion Benchmark, First Time Since July 2022
The State Bank of Pakistan (SBP) reported a weekly increase of $1.1 billion in its foreign exchange reserves, as per the central bank’s data release on Thursday. This significant surge…
Gold prices in Pakistan Witnessed A Consecutive Decline
Gold prices in Pakistan witnessed a consecutive decline, with Wednesday marking the second day of reduction, settling at Rs. 239,200 per tola. Data released by the Karachi Sarafa Association revealed…