After a long weekend, the Pakistani Rupee (PKR) showcased significant resilience, notably gaining over Rs. 5 against the British Pound, despite a minor setback in its streak against the US Dollar. Starting the trading day at 280 in the interbank market, the PKR maintained stability against the US Dollar, with rates fluctuating slightly between 279 and 280 before settling at 279.42 by the day’s end. This minor depreciation of 0.004 percent or a loss of one paisa against the dollar marks a pause in the PKR’s recent upward trajectory. While the PKR’s performance against the US Dollar held steady, its…
Author: zerfeshan arshad
zerfeshan arshad
Web content writer (Business)
The ASUS Zenfone 11 Ultra is making waves in the Pakistani market with its expected launch in February 2024. Boasting advanced features and competitive pricing, this smartphone is anticipated to be a game-changer. ASUS Zenfone 11 Ultra Price in Pakistan Asus Zenfone 11 Ultra price in Pakistan is expected to be from PKR 256,253. The ASUS Zenfone 11 Ultra is poised to make a significant impact on the smartphone market in Pakistan with its powerful specs and competitive pricing. Whether you’re a tech enthusiast or simply looking for a reliable new phone, the Zenfone 11 Ultra deserves your attentions. Specifications…
As Pakistan gears up for its 12th general elections, the shadow of security concerns looms large. With a history of violence marring the electoral process, including attacks on candidates, the question of whether mobile phone and internet services will be available on Election Day is on everyone’s mind. Authorities are currently deliberating on a proposal to suspend mobile phone and internet services in areas deemed sensitive on the eve and day of the elections. This consideration stems from fears that militants might exploit these communication channels to orchestrate terror attacks amidst the voting. While rumors of a potential shutdown circulate,…
Pakistan is poised for a pivotal moment this Thursday as citizens prepare to vote amidst a backdrop of increasing terrorism threats and a challenging economic climate. The nation, home to approximately 250 million people, faces a period of intense polarization. Electoral Statistics and Voter Demographics The stage is set for a significant electoral process with 128 million individuals registered to vote. A noteworthy aspect of this election is the youthful demographic of the electorate, with 44% of voters being under the age of 35. Key Figures and Distribution The election landscape is marked by: Total Registered Voters: 128 million Male…
In a pivotal move, Pakistan’s caretaker government has established an eight-member committee dedicated to spearheading the Federal Board of Revenue’s (FBR) restructuring, focusing on asset distribution and implementation strategies. Led by the Finance and Revenue Minister, the newly formed committee boasts a roster of eminent personalities including the Secretary of Law and Justice, Dr. Musharraf R. Cyan, among others, tasked with guiding the FBR towards a transformative phase. Outlined by the Ministry of Finance, the committee’s mission encapsulates a dozen critical tasks that span legal frameworks, human resources management, and the crafting of policies to bolster operational autonomy and accountability…
This Monday witnessed a notable decrease in gold prices across Pakistan, with rates plummeting by Rs. 1,200 per tola to touch Rs. 214,800. The Karachi Sarafa Association reported a significant decline in the cost of 24-carat gold by Rs. 1,200 per tola, bringing it down to Rs. 214,800. Similarly, the cost for 10 grams of gold saw a reduction of Rs. 1,029, settling at Rs. 184,156. Description Price Change (PKR) Final Price (PKR) Gold Price per Tola (24 Carat) -1,200 214,800 Gold Price per 10 Grams (24 Carat) -1,029 184,156 The gold market experienced a roller-coaster last week, starting with…
In a recent Senate hearing, key U.S. senators took social media giants, including Meta, TikTok, and X, to task over their role in the growing threats to child safety on their platforms. The lawmakers, in a stern rebuke, accused these companies of having “blood on their hands” and emphasized the urgent need for legislative action to address the rising peril of sexual predation threats against children. During the hearing, senators expressed concerns about the prioritization of financial gains over protective measures for children on social media platforms. This initiative reflects ongoing efforts by parents and mental health experts to push…
The Pakistani Rupee (PKR) experienced a modest uplift for the third consecutive day against the US Dollar, maintaining its opening position at 279 in the interbank market today. Throughout today’s trading session, the PKR showcased stability against the US Dollar. The interbank exchange rate fluctuated slightly between 279 and 280, ultimately settling back at its starting point by the day’s end. Similarly, in the open market, currency rates were observed in the range of 279-280. By the close of the day, the PKR had appreciated marginally by 0.01 percent to end at 279.48, marking a slight gain of two paisas…
The Federal Board of Revenue (FBR) has rolled out a single sales tax return system for the telecom sector, effective for the tax period of January 2024. Telcos, including M/S CMPak Limited, M/S Pakistan Mobile Communications Limited, M/S Pak Telecom Mobile Limited, M/S Telenor Pakistan (Pvt.) Limited, and M/S Pakistan Telecommunication Company, will file their returns through the newly launched Single Sales Tax Portal/Return in February 2024. In a bid to facilitate taxpayers, enhance ease of doing business, and reduce compliance costs, FBR initiated this streamlined approach. The new system aims to simplify the sales tax return filing process, providing…
This week, the gold market in Pakistan marked its third price hike, with the rate reaching Rs. 216,300 per tola as of Thursday. The Karachi Sarafa Association reported that the price for 24-carat gold climbed by Rs. 800 per tola, setting the new rate at Rs. 216,300. Simultaneously, the cost for 10 grams of gold price rose by Rs. 686, landing at Rs. 185,442. Weekly Gold Price Trends The week kicked off with significant gains in gold prices, posting a rise of Rs. 1,500 per tola on Monday and another increase of Rs. 700 per tola on Tuesday. Despite a…