U.S. Accuses India of Profiting From Russian Oil, Trump Imposes 25% Tariffs According to CNBC, Bessent told “Squawk Box” that India’s oil dealings with Russia amount to profiteering, with some of the country’s wealthiest families raking in an estimated $16 billion in excess profits. Since Russia invaded Ukraine in 2022, India has emerged as Moscow’s […]
FBR Launches Simplified Electronic Income Tax Return Form for 2025 ISLAMABAD – The Federal Board of Revenue (FBR) has officially rolled out the simplified electronic income tax return form for the fiscal year 2025, media reports say. The new form, finalized under SRO 1561 of 2025 after a 40-day public consultation, is currently available only […]
Pakistan Aims to Reduce Debt, Curb Inflation, and Boost Growth by 2028 ISLAMABAD – The Finance Ministry has unveiled ambitious plans to ease Pakistan’s debt burden, control inflation, and stimulate economic growth over the next five years. According to the Medium-Term Debt Strategy, the government aims to reduce public debt from the current 66 percent […]
Gold Prices Climb as Silver Holds Steady KARACHI – Gold prices in Pakistan saw a noticeable uptick on Monday, with 10 grams of 24-karat gold rising by Rs 1,286 to Rs 306,670 from Rs 305,384. Similarly, 10 grams of 22-karat gold went up by Rs 1,179, reaching Rs 281,124 from Rs 279,945. Meanwhile, silver prices […]
Aurangzeb Vows Tax Relief for Salaried Class, Urges Youth to Seize Opportunities KARACHI – Finance Minister Muhammad Aurangzeb on Monday assured that the government is committed to further easing the tax burden on the salaried class, reaffirming its pledge to make the system more balanced and fair. Speaking to reporters after attending a job fair […]
This follows a volatile period from 751.33 PKR on August 04, 751.43 PKR on July 31, 756.67 PKR on July 28, 759.88 PKR on July 22, 755.64 PKR on July 19, and 754.38 PKR on July 14, with earlier rates of 753.22 PKR last week, 751.86 PKR on June 30, 751.94 PKR on June 26, […]
Qatari Riyal Dips Slightly Against Pakistani Rupee Amid Steady Market Conditions The Qatari Riyal (QAR) has seen a modest decline against the Pakistani Rupee (PKR) after a brief period of recovery, reflecting fluctuations in recent weeks while Qatar’s energy-driven economy continues to provide a stable backdrop. Recent exchange rates show the QAR trading at 77.80 […]
Kuwaiti Dinar Shows Slight Dip After Strong Gains Against Pakistani Rupee Over the past few weeks, the Kuwaiti Dinar (KWD) enjoyed a period of steady growth against the Pakistani Rupee (PKR), climbing from 919.67 PKR on June 10 to a high of 938.23 PKR on July 22. During this stretch, the dinar gradually strengthened, hitting […]
Pakistan Highlights Top Corporate Leaders in New Wealth Perception Index On Pakistan’s 78th Independence Day, the Economic Policy & Business Development (EPBD) think tank unveiled its latest Wealth Perception Index, spotlighting the country’s leading public-listed and private corporate groups. The index identifies 20 major publicly listed conglomerates and 20 high-performing private groups across key sectors, […]
Pakistan Rupee Strengthens Slightly as Key Currency Rates Dip Islamabad, August 15, 2025 – The Pakistani Rupee (PKR) showed a modest gain against several major foreign currencies on Friday, according to the latest rates from the State Bank of Pakistan (SBP) and data compiled from brokerage houses and Reuters Eikon Terminal. The rates reflect the […]
