The buying rate of the US dollar was Rs158.6, while its selling rate was Rs159.3 on Saturday, February 12.During the Friday’s trading, the rupee continued to extend its gains to below 159 against the dollar, aided by lower demand and greenback selling by exporters, dealers said. Dealers said the local unit breached the support level مزید پڑھیں

 A single tola of 24-karat gold in Pakistan was sold for Rs111,000 on Saturday, February 13, at the opening of the bullion market. Likewise, 10 grams of 24k gold was sold for Rs95,165 at the opening of trading. Meanwhile, 10 grams of 22k gold was traded for Rs87,234. The price of the precious metal had مزید پڑھیں

The Federal Board of Revenue (FBR) claimed on Friday that the tax reforms introduced by the country’s tax authority have started paying dividends. The FBR said it had introduced multiple tax reforms in line with the vision of the Prime Minister. The country’s premier tax collection agency said that it has gathered data from different مزید پڑھیں

Spotify Technology will allow its employees to work from anywhere, the Swedish music streaming company said in a blog post on Friday, further upending the future of modern working life. With work shifting to cloud-based systems and people tuning into meetings online, offices have adapted a remote working lifestyle as vaccine inoculations could still take مزید پڑھیں

The National Electric Power Regulatory Authority (NEPRA) on Friday approved Rs0.82 per unit increase in power price. NEPRA issued the decision on the application for adjustment for the last quarter of the previous financial year. When the tariff hike comes into effect, a burden of Rs84 billion will be borne by customers. NEPRA said that مزید پڑھیں

The State Bank of Pakistan (SBP) on Wednesday introduced three new categories of foreign investments under its revised policy governing equity investment abroad. Banks have been authorised to allow remittances under the newly introduced categories, the SBP said, adding that it has “modernised the foreign exchange manual to facilitate startups, fintechs and exports”. The central مزید پڑھیں

The government has waived income tax on profit earned by overseas Pakistanis from the investment they make in the country’s debt market through the Roshan Digital Accounts. Officials privy to the development say that the federal cabinet has given the green light to a tax amendment ordinance that would provide tax exemption and concessions on مزید پڑھیں

The Oil and Gas Regulatory Authority (OGRA) on Wednesday approved hike up to 2 percent in gas prices for Sui Northern Gas Pipelines Limited (SNGPL) consumers. The OGRA has proposed a hike in gas prices for the fiscal year 2020-21. The gas prices will be applied following notification of the government. According to OGRA, the مزید پڑھیں

Tesla said on Monday it had invested around $1.5 billion in bitcoin and expected to begin accepting payment for its cars and other products with it in the near future, prompting a more than a 10% jump in the electronic currency. Analysts said the move by one of the world’s best-known companies was liable to مزید پڑھیں

As the international market continued its downward journey, state-run Pakistan LNG Limited (PLL) has received cheaper bids for two cargoes of liquefied natural gas (LNG) for deliveries in April. The PLL on Friday said Vitol Bahrain offered the lowest bids of 1.0522 per cent and 10.88933pc of Brent Crude Price for April 5-6 and April مزید پڑھیں