US dollar reaches Rs154 in open market
?Basically, the sudden spike of the dollar against the rupee is due to the impact of the IMF deal plus a shortage of dollars in the market,? said Saad Hashemy, chief economist and director of research at Topline Securities in Karachi.
Pakistan Stock Exchange PSX Closing Rates 21 May 2019
390 Dewan Farooque Motors Limited[DEFAULTER SEGMENT] 6.84 Ghandhara Industries Ltd. 92.91 Ghandhara Nissan Ltd. 50.49 Ghani Automobile Industries Ltd. 3.98 Hino Pak Motor Limeted. 316 Honda Atlas Cars (Pak) Ltd. 130.71 Indus Motor Company Ltd.(XD) 1199.98 Millat Tractor Ltd.(XD) 805.45 Pak Suzuki Motors Co Ltd.(XD) 235.09 AUTOMOBILE PARTS & ACCESSORIES: Agriautos Industries Co. Ltd. 205 Atlas Battery Ltd. 71.62 Exide Pakistan Ltd. 126.58 General Tyre & Rubber Co. 36.23 Loads Limited. 365.56 CABLE & ELECTRICAL ...
Spain assures Pakistan in retaining GSP Plus status
Staff Reporter Islamabad Spanish Ambassador Manuel Dur?n Gim?nez-Rico has expressed satisfaction over the consistent rise in bilateral trade, the Spanish Ambassador assured that Spain would continue to support Pakistan in retaining GSP Plus status and enhancing bilateral trade. He highlighted that prior to GSP Plus status, the bilateral trade between the two countries was US$ 851 million which has now ...
Foreign Exchange (Forex) Closing Market Rates In Pakistan 21 May 2019
LOW RATE HIGH RATE U.S $ (Inter Bank) 151.75 152.25 U.S $ (Cash Free Market) 152.00 153.50 SAUDIA RIYAL 40.30 40.80 UAE DIRHAM 41.00 41.50 EURO 167.00 170.00 UK POUND 191.00 194.00 JAPANI YEN 1.34961 1.36961 CHF 147.12 148.12 DKK 22.18 22.28 NOK 16.86 16.96 SEK 15. 30 15.40 AUD $ 102.50 104.50 CAD $ 111.00 113.50 SGD $ 107.88 108.88 HK $ 18.93 19.43 KWD 490.84 490.94 OMANI RIYAL 387.67 387.77 BH DINAR 394.79 395.29 INDIAN RUPEE ...
Food imports drop 9.85% in 10 months
According to trade data released by Pakistan Bureau of Statistics (PBS), the tea import however recorded a nominal increase of 0.61% as the country imported $495.957 million worth of tea during first 10 months of current fiscal year while during same period of last year, the tea import stood at $492.966 million.
Gold Rates In Karachi And Multan On Tuesday 21 May 2019
KARACHI: (per 10 gram) Gold Tezabi 24 CT Rs. 745.88 MULTAN: (per 10 gram) Gold Tezabi-24 CT Rs.
Pakistan's external inflows stand at Rs 524.457 billion in 9 months
According to detail issued by ministry of finance on Tuesday, under "project aid" Pakistan received Rs 250.267 billion while under "programme loans", the country got Rs 443.014 billion during July-March 2018-19. Similarly, through other loans, Pakistan received Rs 326.684 billion and through grants, an amount of Rs 16.283 billion was received during the period under review. Through project loans and grants outside ...
Pak-Bulgaria IGC for enhancing economic ties in livestock, tourism sectors
Staff Reporter Islamabad Pakistan Bulgaria Inter-Governmental Commission (IGC) on Tuesday agreed to enhance trade, economic cooperation in Information and communications technology (ICT), agriculture, livestock, tourism, culture, maritime and railways sectors.
Over $34Mln Lost To Cryptocurrency, Forex Investment Scams Last Year In UK - Watchdog
"The Financial Conduct Authority (FCA) and Action Fraud are warning the public to be wary of investment scams carried out via bogus online trading platforms ... Fraudsters promise high returns investments in crypto and , with victims losing over 27 in total in 2018/19," the statement said.
McDonald's faces 25 new sexual harassment lawsuits, charges from workers groups
The new charges and lawsuits against one of the world?s most recognizable brands were announced on Tuesday by the American Civil Liberties Union (ACLU), the labor group Fight for $15, and the Times Up Legal Defense Fund, which wants to expand the #MeToo movement beyond prominent figures in Hollywood and elsewhere. In letters sent this week to Illinois Senator ...
Currency Rate in Pakistan: US Dollar, UK Pound, Saudi Riyal, UAE Dirham - 21 May 2019
KARACHI: Following were the closing rates of US Dollar, Saudi Riyal, UK Pound, UAE Dirham and other foreign currencies in kerb market, according to the Forex Association of Pakistan on Tuesday, May 21, 2019.
Budget proposals by battery industry
Sales Tax: It is proposed that a registered person shall on purchase of taxable goods from persons liable to be registered but not actually registered, deduct sales tax at the rate applicable to the taxable goods supplied to him, from the payment due to the supplier and deposit the same to government treasury. The rationale behind this proposal is ...
Rs3583 Bln Total Revenues Collected In 3 Quarters
According to provisional summary of consolidated federal and provincial budgetary operations for the current fiscal year (2018-19) of the finance ministry, among the tax revenues, the federal government collected Rs2,874,424 million whereas the provincial governments' share stood at Rs287,708 million. The other taxes were recorded at Rs442,854 million, which included Rs142,339 million sales tax on services GST, Rs50,188 million ...
Pakistan's external inflows stand at Rs524.457 billion in nine months
ISLAMABAD: Pakistan's net external financing during first nine months (July-March) of current fiscal year increased to Rs524.457 billion as compared to the net external financing of Rs524.299 billion during same period of the year 2017-18. According to details issued by the Ministry of Finance on Tuesday, Pakistan under "project aid" received Rs250.267 billion, while under "programme loans", the country got Rs443.014 ...
Self-driving trucks begin mail delivery test for USPS
The US Postal Service on Tuesday started a two-week test transporting mail across three Southwestern states using self-driving trucks, a step forward in the effort to commercialize autonomous vehicle technology for hauling freight. ?We are conducting research and testing as part of our efforts to operate a future class of vehicles which will incorporate new technology.? TuSimple and the USPS ...
ICCI slams further hike in SBP policy rate
Staff Reporter Islamabad The Islamabad Chamber of Commerce & Industry (ICCI) has slammed the decision of State Bank of Pakistan (SBP) to further hike the policy rate by 1.5 percent taking it to 12.25 percent from 10.75 percent as it would enhance the credit cost for private sector, increase cost of doing business, discourage new investment and affect the ...
Pakistan's External Inflows Stand At Rs 524.457 Bln In 9 Months
ISLAMABAD, (UrduPoint / Pakistan Point News - 21st May, 2019 ) :Pakistan's net external financing during first nine months (July-March) of current fiscal year increased to Rs 524.457 as compared to the net external financing of Rs 524.299 during period of the year 2017-18.
OLX, Edhi join hands for Ramazan welfare drive
Staff Reporter Karachi OLX, Pakistan?s No.1 marketplace for buying and selling of pre-loved items, with more than Rs20 billion worth of goods being exchanged every month, has joined hands with Edhi Foundation for an innovative Ramadan welfare appeal, ?Sellfare se Welfare?. OLX and Edhi Foundation through this campaign ?Sellfare se Welfare? are giving OLX users an exclusive opportunity to donate ...
Dollar Soars By Rs2.27 In Interbank, Closed At Rs151.92
The price of Japanese yen increased by 2 paisa and was traded at Rs1.38 against Rs1.36, whereas the increase of Rs2.11 was witnessed in exchange rate of British Pound which was traded at Rs192.82 as compared to last closing at Rs190.71. Exchange rates of United Arab Emirates Dirham jumped by 62 paisa whereas Saudi Rayal gained 60 paisa and ...
SPARC holds pre-budget session on tobacco tax
Sajjad Ahmad Cheema Executive Director, SPARC said Big Tobacco Industry caused a whopping 153 billion rupees loss to the National exchequer between 2016-19, by being awarded low tax rate and adjusting the prices of their most sold brands. However, we find that Big Tobacco companies made deliberate adjustments in prices resulted in a significant price reduction, causing in 88% ...
