Pakistan is about to undergo a significant transition as the government prepares to launch its own virtual currency. Digital Currency: Fundamentals What precisely is digital money, then? It is similar to money,…
Category: Business
Latest Business News from Pakistan and Around the World – SBP, FBR, FIA, Petrol, Dollar and Daily Gold Rates on financeupdates.net.
Pakistani Rupee Keeps Soaring Against US Dollar for the 11th Straight Day
The Pakistani rupee has been strengthening against the US dollar lately, and today was the eleventh day in a row that this trend has been favorable in the interbank market. Let’s simplify…
FBR Takes Action Against Real Estate Cash Transactions
The Federal Board of Revenue (FBR) is preparing to address the widespread usage of cash transactions in order to increase tax collection and keep a closer check on financial dealings in the…
Gold prices keep rising despite the expected Fed rate pause
Gold prices rose slightly on Monday as investors expected the Federal Reserve to suspend interest rate rises at its policy meeting this week. The US Federal Reserve’s rate projection has everyone’s attention….
Pakistani Rupee Continue its Winning Streak Against the US Dollar
The Pakistani rupee maintains its strong performance versus the US dollar, extending its winning streak to ten days. It began the trading day at 296 in the interbank market and hit a…
Gold rate in Pakistan set to return after a recent assault
Pakistan’s gold Rate was suspended for three days while law officials probed potential market manipulation. Traders and investors were left in the dark regarding local gold prices at this time, producing confusion…
Pakistani rupee expect to sustain its upward trend against US Dollar
Recently, the PKR was worth 301.16 USD at the end of the day, but it has since gotten stronger and is now worth 296.85 USD. The currency earned 1.43%, or Rs4.31, in…
Gold Rate in Pakistan Today – 15 September 2023
Gold is a precious commodity that has a long history of being used for currency, jewelry, and investment. Its value can be influenced by various factors, including global economic conditions, currency exchange…
Pakistani Rupee Winning Streak Against the US Dollar Continues
For the ninth day, the Pakistani rupee is beating the US dollar, boosting Pakistan’s economy. The rupee opened at 296 in interbank trading. By midday, the rupee had risen to 295 and…
FBR Changes Course: No More Random Audits, Commissioner’s Inland Revenue
The Federal Board of Revenue (FBR) has chosen an unconventional new approach to tax audits. In a key policy move, the FBR has decided to discontinue the practice of choosing cases for…