- 18 May, 2024
Economy
Sugar Prices Break All Previous Records in Pakistan
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 Can Now Use Android Devices for Biometric Verification
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…
Here’s How Big Retailers are Dodging FBR’s POS System to Evade Taxes
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…
Rupee Gains Big Over the British Pound, Holds Out Against the US Dollar
The Pakistani Rupee (PKR) maintained its position against the US dollar (USD) on Friday to close at 170.01.Yesterday, the rupee broke its 6-day winning streak against the greenback and lost 4 paisas in the inter-bank market to close at Rs. 170.01.The P…
Govt Increases Minimum Support Price for Wheat
To achieve self-sufficiency in wheat, the government has decided to increase the minimum support price for wheat to Rs 1,950/40 kg compared to Rs. 1,800/40 kg last year. The Food Ministry hopes this will incentivize farmers to grow sufficient wheat to …
SECP Registers Over 2,000 New Companies in October
The Securities and Exchange Commission of Pakistan (SECP) registered 2,017 new companies in October, raising the total number of registered companies to 154,093.Consequently, the total capitalization (paid-up-capital) of the new companies stood at Rs. …