The foreign reserves of the State Bank of Pakistan saw an increase of $53 million and surged up to $17.199 billion at the end of last week. However, a decline was seen in Total Liquid Forex Reserves as they moved down to $23.925 billion from $23.933 bi…
Sugar prices have skyrocketed as wholesale rates touch Rs. 150 per kilogram and retail rates reach Rs. 160 per kilogram in most areas of the country, with the government unable to control the prices.Prices have increased as the local sugar supply has d…
Exchange companies have been asked to use an android based biometric verification system to maintain the records and verifications of customers on the purchase of Dollars and other foreign currencies above $500 from the open market.The facility will be…
The Federal Board of Revenue’s (FBR) biggest documentation initiative of integration of big retailers with the FBR’s Point of Sales (POS) system may suffer a serious setback due to the alleged connivance of vendors and retailers to under-report sales a…
Building upon SBP’s vision of promoting Pakistan’s domestic payment scheme PayPak, MCB Bank (MCB) has signed an agreement with 1LINK, to facilitate PayPak cardholders in conducting online eCommerce transactions.MCB PayPak Debit Card customers will soon…
Advisor on Finance Shaukat Fayaz Tarin and Advisor on Commerce Abdul Razzak Dawood called on Prime Minister Imran Khan today (Thursday). Advisor on Finance briefed the Prime Minister on the overall economic situation.The commerce advisor briefed the Pr…
