During the Open Market Operation, the SBP conducted Reverse Repo Purchases for 7-day and 28-day tenors on February 07, 2025, accepting a total of Rs 2,038.35 billion from 26 bids. For the 7-day tenor, the bank received 20 bids amounting to Rs 1,151.25 billion, with rates of return ranging between 12.03% and 12.10%. Additionally, 8 […]
Tax investigations in India can drag on for years and are often a sore point for foreign companies. Kia is separately fighting a $155 million tax evasion notice, and Volkswagen has sued New Delhi against a record $1.4 billion demand it calls “impossibly enormous.” Kia commented on Friday for the first time on the Indian […]
According to DRAP, Laroscorbine Platinum Injections are believed to brighten the skin and maintain skin elasticity, but the administration of counterfeit products can result in treatment failure, worsening of the disease, or life-threatening consequences. According to DRAP, counterfeit injections are being supplied across the country. The authority has directed its field force to confiscate the […]
Sindh government had been fixing the sugarcane support price but due to a recent pact with the IMF, the province has decided against fixing the rate this year. As per details, the decision was taken in a meeting of the Sindh government to discuss the matter of sugarcane support price. The cabinet decided to not […]
He issued these directives while presiding over a review meeting in Islamabad on Thursday on the Task Management System, designed to monitor the process of privatization of the government departments. The prime minister further directed that the process of privatization of the designated departments should be accelerated without compromising transparency. He said the services of […]
The Japanese automakers in December signed a memorandum of understanding to discuss an integration under a holding company to create the world’s No.3 automaker and compete in an increasingly tough industry. But the talks have been complicated by growing differences, multiple people familiar with the matter have told Reuters and hit a wall after Honda […]
The Ministry of Housing has submitted its proposals to the Federal Board of Revenue (FBR) as the Prime Minister aims to boost employment opportunities through the sector’s recovery. According to the recommendations finalized by the ministry, citing sources, non-filers will be allowed to purchase property worth up to Rs 10 million. Reduction in tax rates […]
According to details from Forex.pk, 10 grams of 24-karat gold in Saudi Arabia is being sold at SAR 3,424. Additionally, the price for an ounce of gold is SAR 10,651. It is important to note that gold rates are subject to global market fluctuations, including those specific to Saudi Arabia, with the last update recorded […]
These updates give a glimpse of the most recent trends and movements in the cryptocurrency world by reflecting the most recent values in the US dollar (USD) and Pakistani rupee (PKR) markets. We get into the mechanics of these adjustments here, providing a thorough rundown of the most recent rates and their effects on traders […]
According to Wholesale Grocers Association Chairman Rauf Ibrahim, sugar prices in the wholesale market have climbed to Rs150 per kg, while advance deals for March have reached Rs152/kg. Traders claim that the hoarding mafia is active, and with Ramazan approaching, there is a serious risk of further price hikes. Pakistan’s monthly sugar consumption stands at […]
