Business News
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PRA registers 33% growth in Oct | The Express Tribune
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[ad_1] LAHORE: The Punjab Revenue Authority (PRA) surpassed its monthly tax collection target as it received Rs14.548 billion in October 2022, registering a growth of 33% over collection of Rs10.966 billion in the same month of last year. According to…
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K-Electric’s power tariff cut by Rs5.12 per unit | The Express Tribune
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[ad_1] ISLAMABAD: The National Electric Power Regulatory Authority (Nepra) on Friday decided to slash power tariff by Rs5.12 per unit for K-Electric (KE) consumers on account of fuel cost adjustment (FCA) for September 2022. In its petition filed with Nepra,…
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Gold shines, jumps Rs2,250 per tola in Pakistan
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[ad_1] A representational image of gold bangles. — AFP/File KARACHI: The gold price in Pakistan jumped over Rs2,000 per tola surpassing the key level of Rs155,000 per tola in line with a surge in demand due to the wedding season….
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Remittances fall amid widening exchange rate differential
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[ad_1] A man counts one hundred US dollar bills in Bogota, on October 24, 2022. — AFP/File KARACHI: The remittances sent home by overseas Pakistanis fell over 9% month-on-month to $2.2 billion in October owing to a widening exchange rate…
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Rupee snaps 3-day winning streak as demand strengthens dollar
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[ad_1] KARACHI: Rupee snapped its three-day rally Friday as dollar demand for import payments mounted pressure on the local currency. The rupee closed at 221.64 after a downtick of Rs0.22 or 0.1% versus the greenback in the interbank market, according…
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Relief for Karachiites: NEPRA slashes power tariff by over Rs5 per unit
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[ad_1] A representational image of transmission tower, also known as an electricity pylon. — AFP/File ISLAMABAD: The National Electric Power Regulatory Authority (NEPRA) Friday notified a reduction of Rs5.12 per unit for K-Electric consumers on account of fuel charges adjustment (FCA)…
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Debt servicing: SBP-held forex reserves fall to $7.96b
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[ad_1] A Pakistani currency dealer counts US dollars at a currency exchange shop. – AFP/File KARACHI: Pakistan’s central bank registered a reduction of $956 million in its foreign exchange reserves due to debt payments, which fell to $7.96 billion, a statement…
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Forex reserves fall by $956m to $7.9b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank fell by 10.7% on a week-on-week basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On November 4, the foreign currency reserves held by…
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Exports to swell following exit from FATF grey list | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan’s exports will swell after its exit from the Financial Action Task Force’s (FATF) grey list and expected removal from the European Union’s list of weak anti-money laundering and counter-financing of terrorism regimes, hoped the chairman of a…
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Climate change to hit 20% of GDP | The Express Tribune
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[ad_1] ISLAMABAD: Pakistan needs a mammoth $348 billion in eight years – 800% more than the current annual budget – to stop climate-induced disasters. Climate change, however, has the potential to shave off one-fifth of the economy if no action…
