Pakistani Rupee Undergoes Massive Losses Against All Currencies
The Pakistani Rupee’s (PKR) posted notable back-to-back losses against the US Dollar (USD) this week, crossing the Rs. 156 exchange rate on Monday and deepening...
Here’s How New Budget Proposals Could Kill E-Commerce Businesses In Pakistan
Opportunities have arisen in the times when the world was suffering from the COVID-19 pandemic. Many companies started downsizing by facing a severe cash flow...
FBR Ordered To Increase Integration of Point of Sale System
Minister for Finance & Revenue, Shaukat Fayaz Ahmed Tarin, visited the Federal Bureau of Revenue (FBR) headquarters today and held a meeting with the officers....
Foreign Investors Appreciate SBP’s Remittance Process: Survey
The Overseas Investors Chamber of Commerce and Industry (OICCI) members have appreciated the significant improvement in the FX remittance processing time and growing engagement of...
UBL to Shut Down Its Subsidiary in Switzerland
United Bank Limited (UBL) continues to scale back its international operations as part of its global realignment strategy in phases, and now plans to voluntarily...
CCP Inquiry Reveals Price Fixing and Cartels in Milk Sector
The Competition Commission of Pakistan (CCP) has concluded an inquiry in the dairy sector, which has found the prima facie involvement of three leading dairy...
NPMC to Devise a New Strategy to Normalize Prices of Everyday Items
Federal Minister for Finance and Revenue, Mr. Shaukat Tarin, presided over a meeting of the National Price Monitoring Committee (NPMC) held at the Finance Division.He...
NA Passes Financial Institutions Bill to Improve SME Financing
The National Assembly has passed a legal amendment bill, ‘Financial Institutions (Secured Transactions) (Amendment) Bill, 2020,’ to improve access to loans for small and medium...