According to sources, the IMF has reportedly agreed to the elimination of sales tax on aircraft purchase or lease for buyers and the settlement of equity losses for PIA privatization. With the ‘approval’ of the IMF, the intended buyers will be granted sales tax exemptions for purchasing or leasing aircraft for all routes. The removal […]
According to details, the ECC, chaired by Minister for Finance and Revenue Senator Muhammad Aurangzeb, will discuss an 11-point agenda and is expected to approve Rs 1 billion for the issuance of the Pakistan Social Impact Bond. Meanwhile, the Pakistan Infrastructure Development Company is expected to get a grant worth Rs. 1.88 billion. Other items […]
The meeting was held at the Saudi Interior Ministry headquarters in Riyadh during Mohsin Naqvi’s official visit to the kingdom. Both the interior ministers discussed measures to strengthen the two nations’ security cooperation, particularly in the fight against drug smuggling. Their conversations also touched on a variety of subjects of mutual interest. Speaking on the […]
As of October, the total debt stood at Rs 69.114 trillion, up from Rs 64.810 trillion in February, according to the documents available. The domestic debt rose by Rs 4,556 billion during the period, while foreign debt decreased by Rs 251 billion. As a result, the domestic debt stood at Rs 47.231 trillion as of […]
During the initial five months of the current financial year, the average inflation rate decreased from 28.62 percent to 7.88 percent, culminating in a low of 4.9 percent last month. On an annual basis, the inflation rate in urban regions has fallen to 5.2 percent. A continued reduction in inflation is expected to alleviate the […]
The information provided on the currency website indicated that the Omani Rial (OMR) held steady against the Pakistani Rupee in the open market. The Omani Rial denoted as OMR, serves as the official currency of Oman and is subdivided into 1,000 smaller units called baisa. Conversion of 500 Omani Rial to PKR On December 16, […]
As reported by Forex.pk, the price for 10 grams of 24-karat gold in Saudi Arabia is SAR 3,294. Furthermore, the price for an ounce of gold is noted to be SAR 9,933. It is crucial to recognize that gold prices are influenced by global fluctuations, including those occurring within Saudi Arabia, and the figures provided […]
Falls were limited however by concerns of supply disruptions in the event of more US sanctions on major suppliers Russia and Iran. Brent crude futures fell 21 cents, or 0.3%, to $74.28 a barrel by 0110 GMT after settling at their highest level since Nov. 22 on Friday. US West Texas Intermediate crude dropped 30 […]
Bitcoin, the world’s biggest and best-known cryptocurrency, hit a high of $106,533 and last traded at $105,688. Smaller crypto ether rose nearly 3% to 4,014. “We’re in blue sky territory here,” said Tony Sycamore, an analyst at IG. “The next figure the market will be looking for is $110,000. The pullback that a lot of […]
According to the details, the Monetary Policy Committee of the SBP is expected to reduce the policy rates by 2 to 3 percent. Currently, the profit rate stands at 15 percent, indicating a cumulative decrease of 7 percent since June. Additionally, starting from October, the current account has recorded a surplus of 34.9 crore dollars, […]
