A group of companies, run by Salim Ahmed Said (a man with Iraqi and British nationality), has been secretly buying and selling large amounts of Iranian oil since at least 2020. These companies made the oil look like it came from Iraq by mixing it with real Iraqi oil. This trick helped them avoid international […]
This modest uptick builds on the UAE Dirham’s strong performance throughout June, when it appreciated by 0.81 PKR, climbing from 76.44 PKR at the beginning of the month to 77.25 PKR by its close. The sustained strength of the AED underscores the United Arab Emirates’ robust economic policies and its established position as a global […]
Kuwaiti Dinar Rises to 930.68 PKR as Pakistani Rupee Remains Weak The Kuwaiti Dinar (KWD) has gone up in value again, reaching 930.68 Pakistani Rupees (PKR) today. This is higher than yesterday’s rate of 929.72 PKR and shows a steady increase over the past few weeks. Steady Growth of the Dinar Over the last three […]
A criminal case has been started under Sections 37A and 37B of the Sales Tax Act, 1990. The case is about tax fraud and using fake sales tax invoices to wrongly claim refunds. Javed Balwani, the President of the Karachi Chamber of Commerce and Industry (KCCI), criticized the Federal Board of Revenue (FBR). He said […]
On Thursday in Islamabad, Prime Minister Shehbaz Sharif led a meeting about making Pakistan a cashless and digital economy. He said it’s very important now to make payments easier for people and businesses. He also said more people need to learn about using digital systems. Shehbaz Sharif Wants to Make Pakistan More Digital He told […]
As of 10:00 a.m. local time, Forex.PK reported that 10 grams of 24-karat gold cost SAR 4,024, and one ounce of gold was priced at SAR 12,527. This price increase is because of growing worries around the world about the economy and political tensions. Experts say gold is going up in value because people see […]
Why the Saudi Riyal Matters for Pakistan The Saudi Riyal (SAR) is a very stable currency because it is directly linked (or “pegged”) to the US dollar. This means its value doesn’t change much, which makes it a safe and trusted currency for international trade and money transfers. This stability is very important for millions […]
Tesla Needs Strong Sales to Avoid Another Bad Year Tesla has to sell over one million cars in the second half of this year to avoid another yearly sales drop. But some experts think that might be hard because of economic problems caused by new tariffs and the possibility that tax credits for electric cars […]
Former U.S. President Donald Trump recently said that he made a trade deal with Vietnam. As part of the deal, the U.S. will lower taxes (tariffs) on many Vietnamese goods to 20%. Before this, Trump had threatened a higher tax of 46%. In return, he said American products could enter Vietnam without any tax, but […]
Trump Announces Trade Deal with Vietnam to Avoid High Tariffs Former U.S. President Donald Trump said he has made a new trade deal with Vietnam. Under this deal: Vietnamese products will face a 20% tax (tariff) when entering the U.S. Goods sent through Vietnam from other countries (especially China) will face a 40% tax. In […]
