The exchange rate of Pakistani rupee strengthened by 13 paisas against the US dollar in the interbank trading on Thursday and closed at Rs 166.21 as compared to the last closing of Rs 166.34. However, according to Forex Association of Pakistan, the buying and selling rates of dollar in open market were recorded at Rs مزید پڑھیں

The Pakistan Telecommunication Auth­ority (PTA) on Tuesday floated the draft ‘Mobile Device Manufacturing Regulations and Authorisation’ to promote local manufacturing of handsets. The draft regulations — in line with the government’s Mobile Device Manufacturing (MDM) Policy launched on June 2 this year — aims to encourage domestic production of low, medium and high-end smartphones. Under مزید پڑھیں

President Dr Arif Alvi on Monday said Islamic banking and finance offered a broad-based platform to end economic exploitation and stressed its implementation to uplift underprivileged segments of society. Addressing at the 10th ceremony of Global Islamic Finance Awards (GIFA), he said fairness, equality, transparency and pursuit of social harmony constituted the principles of Islamic مزید پڑھیں

Amazon.com on Monday said it is recruiting 100,000 more workers – the fourth hiring spree it has announced for the United States this year – to keep pace with e-commerce demand that jumped during the pandemic. The world’s biggest online retailer said the positions are for full and part-time work in its home country and مزید پڑھیں

The Federal Board of Revenue (FBR) has introduced an advance sales tax registration verification mechanism to minimise chances of bogus and paper-based companies. The FBR policy board — headed by its Chairman, Finance Adviser Dr Abdul Hafeez Shaikh — reviewed in detail the mechanism and other measures adopted so far to facilitate taxpayers. FBR Chairman مزید پڑھیں

The International Monetary Fund (IMF) has asked the Pakistani government to increase the prices of gas and electricity for consumers in order to achieve the tax collection target set for the fiscal year. In a recent meeting with Pakistani officials, the global lender asked the authorities to decrease the circular debt and electricity losses. If مزید پڑھیں

The per tola gold price witnessed an increase of Rs1,400 to Rs114,750 in the domestic market on Thursday. Likewise, the rate of 10 grams of the precious metal increased by Rs1,199 to Rs98,379, according to All Pakistan Jewelers Association. Rate of the precious yellow metal in international markets increased by $19 per ounce to $1947, مزید پڑھیں

Minister for Railways Sheikh Rasheed has said that tender of Main Line-1 (ML-1) project envisaging up-gradation of the railways’ infrastructure will be opened by the 20th of this month. Talking to the media persons in Rawalpindi today (Thursday), Sheikh Rasheed said this project will provide one hundred and fifty thousand job opportunities, Radio Pakistan reported. مزید پڑھیں

Prime Minister Imran Khan said on Wednesday that the country is forced to import costly LPG due to fast depleting natural gas reserves, pushing the circular debt of the gas sector up. Addressing a seminar titled Sustainability, Security and Affordability of Natural Gas Supply in Pakistan in the capital, he said the country cannot afford مزید پڑھیں

Adviser to the Prime Minister on Finance, Dr Abdul Hafeez Shaikh emphasised on the importance of carrying out development work in Karachi to uplift Pakistan’s economy. Speaking to media at the Pakistan Stock Exchange (PSX) on Monday, Shaikh said that the economic situation of the country was improving after the provincial and federal governments had مزید پڑھیں