Foreign currency buying selling rates
KARACHI: The foreign currency buying selling rates as on March 16, 2019 as issued by Forex Association of Pakistan. US Dollar (Inter-bank) – Buying at Rs139.36 and Selling at Rs139.46.…
State Bank conducts awareness campaign on SME finance in Sialkot, Gujranwala and Gujrat
KARACHI: State Bank of Pakistan has completed its four-day SME finance awareness campaign in Sialkot, Gujranwala and Gujrat from March 13 to March 16, 2019 wherein meetings and interactions were…
Data on online platforms to be integrated in FBR’s automated system to identify tax evaders
KARACHI: Pursuing international best practice, the Federal Board of Revenue (FBR) is preparing a completely automated and digitized revenue collection system, which would simplify the tax paying procedure, eliminate the…
Pakistan’s textile sector exports surge 2.9 percent in February 2019
KARACHI: Pakistan’s textile and clothing exports recorded 2.9 percent year-on-year surge to $1.090 billion in February 2019, taking the eight-month (July-February FY19) exports to $8.9 billion up 1.38 percent, as…
Sembcorp celebrates the official opening of its Sembcorp Myingyan Power Plant in Myanmar
MANDALAY: Leading Singapore-based integrated energy company Sembcorp Industries celebrates the official opening of its $310 million Sembcorp Myingyan Independent Power Plant (IPP) of 225 megawatts in Mandalay, Myanmar. Developed, owned…
Far East Orchard extends UK student accommodation presence
SINGAPORE: Far East Orchard Limited has acquired a portfolio of three freehold student accommodation properties located in Liverpool and Bristol, United Kingdom (UK) for £ 55.0 million. Far East Orchard…
Nestlé Pakistan and Metropolitan Corporation of Islamabad (MCI) kick-off ‘Clean Green Pakistan’ Tree Plantation Drive in the Capital
Islamabad: With its commitment to Prime Minister’s ‘Clean Green Pakistan’ initiative, Nestlé Pakistan is paving the way for a sustainable environment by launching a country-wide tree plantation drive. Advancing the…
Foreign investment in Pakistan declines 23pc
KARACHI:Foreign investment in different sectors of Pakistan’s economy slowed down by 23% to $1.62 billion in first eight months (Jul-Feb) of the current fiscal year 2018-19. Despite a notable drop…
FBR extends date for filing tax returns till March 31st
ISLAMABAD: The Federal Board of Revenue (FBR) has extended the date for filing returns of total income or statement of final taxation up to March 31, 2019. “The date of…
Petitioner asked to satisfy court in description dispute
Karachi: A custom appelte bench of Sindh High court comprising Justice Aqeel Ahmed Abbassi and Justice Abdul Malik Gaddi on Friday asked council for petitioner company ‘Karachi Chemicals’ to satisfy…
Sindh High Court orders release of 70 vans
Karachi: A division bench of Sindh High court comprising Justice Muhammad Ali Mazhar and Justice Agha Faisal on Friday allowed release of 70 vans. The bench was hearing a petition…