Author: zerfeshan arshad

At the onset of this week, the gold market in Pakistan showed resilience, with prices remaining stable despite the backdrop of political uncertainties. As reported by the Karachi Sarafa Association, the rate for 24-carat gold stayed at Rs. 214,300, and the cost for 10 grams was recorded at Rs. 183,728 on Monday. This stability comes after a week where gold prices saw a reduction of Rs. 1,700 per tola, influenced by a decline in the global market. On the global front, the price of spot gold was observed at $2,022.39 per ounce early in the morning GMT, with US gold…

The Federal Tax Ombudsman (FTO) has taken a significant step by instructing the Federal Board of Revenue (FBR) to expedite the processing of a substantial sales tax refund. The refund, amounting to Rs. 408.782 million, is pending for M/s GlaxoSmithKline Pakistan Limited, highlighting a crucial move towards addressing corporate grievances. GlaxoSmithKline Pakistan Limited brought forward claims for sales tax refunds for the period from February to June 2022, utilizing the FASTER PHARMA module. According to the rules, such claims should be processed within 72 hours, facilitating prompt advice to banks for crediting the amount to the claimant’s account as per…

In Islamabad, the federal government is set to adjust petrol and diesel prices on February 15, aligning with the global market trends. The ongoing geopolitical tensions in the Middle East have led to a rise in oil prices worldwide, potentially impacting fuel costs in Pakistan. Following the February 8 elections, the Election Commission of Pakistan (ECP) has released preliminary results, showing a lead for PTI-supported candidates, with PML-N and PPP trailing. The formation of national and provincial governments will commence once the official results are declared. With the caretaker government in place, there is speculation that petrol and diesel prices…

In Lahore, the Pakistani government provides passports to its citizens to ensure their safe and protected travel across the globe. A valid Pakistani passport not only facilitates international travel but also guarantees the holder’s right to protection by Pakistan’s diplomatic and consular representatives abroad. This document serves as the primary means of verifying a Pakistani citizen’s identity in foreign nations. The Directorate General of Immigration & Passports, operating under the Ministry of Interior, holds the authority to process passport applications and issue them to citizens, following specific requirements. Applying for a New Pakistani Passport Where to Apply? For those residing…

In Islamabad, the Pakistani rupee has shown resilience by marking an improvement against the US dollar. On the opening day of the week, despite facing turmoil at the Pakistan Stock Exchange (PSX) due to delayed election results, the rupee experienced a slight rise. According to the latest data from currency exchange markets, the rupee is now trading at 279, gaining Rs0.34 against the dollar. Over the past week, the rupee’s value fluctuated, eventually stabilizing at 279.34 against the US dollar in the inter-bank market. This came amidst a backdrop of the February 8 elections, which, despite the participation of 128…

In the aftermath of the 2024 elections, many independent candidates, having secured victories with the support of Pakistan Tehreek-e-Insaf (PTI), find themselves at the crossroads of political affiliations. Leading this wave of change is Waseem Qadir, who has made headlines by shifting his allegiance to PML-N post his victory in Lahore’s NA-121 constituency. Waseem Qadir’s Political Journey Early Beginnings and Business Ventures Waseem Qadir, a name that has recently surged in search trends, is not new to the political scene. The son of Chaudhry Ghulam Qadir, Waseem hails from Lahore and has a background in business. His political career initiated…

Anticipated to hit the markets on March 31, 2024, the Realme 12 Pro is generating excitement with its expected price tag of Rs. 73,999 in Pakistan. This model, coming with 8 GB RAM and 128 GB storage, will be available in eye-catching colors like Submarine Blue and Navigator Beige. The Realme 12 Pro is designed to deliver top-notch performance, powered by the Qualcomm SM6450 Snapdragon 6 Gen 1 chipset, coupled with a 2.2 GHz Octa Core CPU. This ensures smooth and fast operations, whether you’re gaming or multitasking. Its 6.7-inch AMOLED display, boasting a resolution of 1080 x 2412 pixels,…

Looking for a stylish, affordable phone with super-fast 5G speeds? The Vivo Y200e might just be your match! Let’s dive into its specs and see if it lives up to the hype. Vivo Y200e 5G Price in Pakistan Vivo Y200e 5G Price in Pakistan is Expected Rs: 59999/= Display & Design: Big, beautiful screen: Enjoy movies and games on the immersive 6.67-inch AMOLED display with smooth 120Hz refresh rate. Stylish & sleek: Choose from trendy Jungle Green or Desert Gold, with a comfortable glass front and back. Built to last: This phone can handle splashes and dust thanks to its IP54 rating. Performance…

On Sunday, February 11, 2024, the trading value of one US Dollar against the Pakistani Rupee was observed at Rs 278.9 for buying and Rs 281.4 for selling in both the local and open markets. It’s important to note that exchange rates may differ depending on the specific location and the financial institution handling the exchange. Here’s a rundown of the buying and selling rates for various currencies including the US Dollar, Euro, British Pound, and others in Pakistan’s market today. Exchange Rates for Key Currencies US Dollar (USD): Buying at Rs 278.9; Selling at Rs 281.4 Euro (EUR): Purchase…

In Islamabad, Pakistan Tehreek-e-Insaf (PTI) chairman Barrister Gohar Khan has made a strong appeal for the liberation of party leaders, including the former Prime Minister Imran Khan. This call comes in response to remarks made by Chief of Army Staff General Asim Munir, emphasizing the need for a nation free of political detainees to achieve reconciliation. On Saturday, the COAS extended congratulations to Pakistan on the successful execution of the general elections. He highlighted the necessity for stable governance and a conciliatory approach to overcome the divisive politics affecting the nation, which is home to over 250 million people. He…