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Web Desk
Aug 12, 2024

FBR targets 20 million new taxpayers by 2029 to satisfy IMF

In an attempt to broaden the nation’s tax base, the Federal Board of Revenue (FBR) has communicated its five-year objectives to the International Monetary Fund (IMF).

Business

Web Desk
Aug 11, 2024

How illegal platforms operate in online trading?

SECP) warn citizens against investing in the fake and illegal online trading platform “Aviva Securities Exchange Academy”

Business

Web Desk
Aug 10, 2024

Crude oil prices climb over 3.5 per cent on Fed rate cut hopes

Oil prices ended higher on Friday, marking a weekly gain of over 3.5 per cent as encouraging economic data and indications from Federal Reserve policymakers about possible interest rate cuts in September alleviated concerns about demand.

Business

Web Desk
Aug 10, 2024

SBP injects Rs3,174 billion into market through OMOs

State Bank of Pakistan (SBP) injected a substantial Rs3,174.35 billion into the market through two separate Open Market Operations (OMOs).

Business

Web Desk
Aug 10, 2024

Workers’ remittances from UAE to Pakistan surge by over 93 per cent

Workers’ remittances to Pakistan surged 47.6 per cent YoY in July, reaching $3 billion, up from $2.03 billion in the same month last year.

Business

Web Desk
Aug 09, 2024

Pakistan faces potential gold price surge

Concerns are mounting over a potential rise in gold prices in Pakistan following a five-month suspension of gold imports

Business

Web Desk
Aug 09, 2024

Rising onion and egg prices push weekly inflation higher

The Sensitive Price Indicator (SPI) for the Combined Group saw a 0.3 per cent rise for the week ending August 8, 2024, according to PBS.

Business

Web Desk
Aug 09, 2024

China reaffirms support for Pakistan’s energy reforms, economic development

High-ranking officials from Pakistan, including Finance Minister Muhammad Aurangzeb and Minister for Power Sardar Awais Ahmad Khan Leghari, engaged in discussions with Chinese authorities regarding the energy sector.

Business

Web Desk
Aug 09, 2024

Bitcoin reclaims $62K, forming a ‘massive bull hammer’ on price chart

The quick rebound comes just days after Bitcoin fell below a key support level to $49,751 on August 5, “Crypto Black Monday.

Business

Web Desk
Aug 09, 2024

PKR likely to end the week marginally stronger against USD

The Pakistani rupee (PKR) showed resilience against the US dollar (USD) on Friday, appreciating by 0.1 per cent during early trading in the inter-bank market.