Pakistan’s oil sales drop by 8% year-on-year in August 2023
According to the latest data, Pakistan’s oil sales in August 2023 decreased by 8% compared to the same period last year, reaching 1.40 million tons from 1.52 million tons. The…
Customs expedites anti-smuggling campaign to plug dollar drain
Member Customs – FBR, Mukarram Jah Ansari and DG I&I Faiz Ahmed are pursuing a rigorous anti-smuggling campaign with special focus on Quetta. Under invoicing and smuggling through border/ports is…
Business community depressed as Pak rupee plunges 5.0 percent to record low
KARACHI: Only the day after Prime Minister Imran Khan formed a committee, headed by Adviser to the PM on Finance Dr Hafeez Shaikh, to control devaluation of the local currency…
Overseas Pakistanis remit $9.02 billion
KARACHI: Overseas Pakistani workers remitted $9.028 billion in the first five months (July to November) of FY19, showing a growth of 12.56 percent compared with $8.021 billion received during the…
USD hits Rs144 in interbank trading on Friday
KARACHI: Sudden devaluation of local currency against the US dollar was witnessed in inter-bank trading on Friday morning as the greenback hit an all-time high of Rs144. The sudden rise…