Express
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SBP’s forex reserves fall $748m to $8.24b | The Express Tribune
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[ad_1] KARACHI: The foreign exchange reserves held by the central bank decreased 8.32% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday. On June 17, the foreign currency reserves held by the…
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K-Electric seeks Rs11.3 per unit tariff hike | The Express Tribune
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[ad_1] ISLAMABAD: K-Electric has requested the National Electric Power Regulatory Authority (Nepra) to increase its power tariff by Rs11.33 per unit on account of fuel cost adjustment forMay 2022. The major impact on the fuel cost adjustment for May came…
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Chinese envoy expects trade to hit new highs | The Express Tribune
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[ad_1] LAHORE: Chinese Consul General Zhao Shiren has said that collaboration in various sectors of the economy between the private sectors of Pakistan and China can push trade to new highs and vowed that the Chinese Consulate will fully cooperate…
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Traders oppose early market closure | The Express Tribune
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[ad_1] ISLAMABAD: Islamabad Chamber of Commerce and Industry President Muhammad Shakeel Munir has urged the government to reconsider its decision of closing the markets in Islamabad by 9pm in order to curtail electricity consumption, and allow businesses to remain open…
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Rupee snaps weakening streak with 2.2% recovery | The Express Tribune
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[ad_1] KARACHI: Pakistani currency made the single largest recovery of Rs4.70 (or 2.22%) in a day to Rs207.23 against the US dollar in the inter-bank market, eventually breaking the two-week long record-making downward streak on Thursday. The domestic currency hit…
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Govt to plug tax loophole for rich | The Express Tribune
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[ad_1] ISLAMABAD: The government may change the definition of resident Pakistani to include all those people in the tax net who do not stay in any foreign country for more than six months, after over 4,000 individuals having $2 billion…
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Oil prices weaken on demand concerns | The Express Tribune
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[ad_1] NEW YORK: Oil prices fell about $1 a barrel on Thursday in volatile trading as investors weighed the risk that rising interest rates could trigger a recession and cut demand for fuel. Brent crude futures fell 90 cents, or…
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CPEC to help increase tax receipts | The Express Tribune
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[ad_1] QUETTA: Balochistan Minister for Finance Sardar Abdur Rehman Khaitran said on Wednesday that the China-Pakistan Economic Corridor (CPEC) will enhance the provincial government’s tax collection. Speaking at a post-budget news conference, the minister predicted that the CPEC projects and…
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Proposals sought for targeted subsidy | The Express Tribune
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[ad_1] ISLAMABAD: Minister for Finance and Revenue Miftah Ismail on Thursday directed the ministries concerned to work out proposals for the targeted subsidy as per vision of Prime Minister Shehbaz Sharif to support the lower strata of society. The minister…
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FBR’s claims of swift refund release termed eyewash | The Express Tribune
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[ad_1] LAHORE: Pakistan Hosiery Manufacturers and Exporters Association (PHMA) has said that the Federal Board of Revenue’s (FBR) promise to instantly release the tax refund claims seems to be just an eyewash as exporters continue to face inordinate delay in…
