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Day: January 12, 2022

Trading

Regal Automobiles Raising Rs. 800 Million Through PSX to Launch Electric Cars in Pakistan

January 12, 2022admin_kbComments Off on Regal Automobiles Raising Rs. 800 Million Through PSX to Launch Electric Cars in Pakistan

Regal Automobiles Industries Limited has planned to get listed at Pakistan Stock Exchange (PSX) to generate funds of around Rs. 800 million for setting up set up an assembly line for the manufacturing of electric cars in Pakistan.The company will float…

Trading

Finance Ministry Concerned About Increase in Sugar Prices

January 12, 2022admin_kbComments Off on Finance Ministry Concerned About Increase in Sugar Prices

National Price Monitoring Committee (NPMC) of the Ministry of Finance has expressed concerns about the marginal increase in sugar prices across various cities during a recent meeting. Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, preside…

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Rupee Posts Big Gains Against the US Dollar Following World Bank’s Projections

January 12, 2022admin_kbComments Off on Rupee Posts Big Gains Against the US Dollar Following World Bank’s Projections

The Pakistani Rupee (PKR) posted gains against the US Dollar (USD) for the second consecutive day in the interbank market today. It gained 40 paisas against the greenback after hitting an intra-day high of Rs. 175.87 against the latter during today’s o…

Trading

FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks

January 12, 2022admin_kbComments Off on FBR to Go through Third-party Security Audit Amid Looming Cyber Attacks

The government has decided to conduct a comprehensive third-party security audit of the Federal Board of Revenue (FBR) to determine any vulnerabilities in the system, as it is constantly subjected to cyber-attacks.Official documents of the bureau have …

Trading

EU GSP+ Review Mission to Visit Pakistan Next Month

January 12, 2022admin_kbComments Off on EU GSP+ Review Mission to Visit Pakistan Next Month

An EU mission, the panel was informed, will visit Pakistan in February in connection with the extension of Good Governance and Sustainable Development (GSP Plus) status. It will monitor the situation of human rights, women rights, minority rights, labo…

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