KARACHI: Gold rate surged significantly in Pakistan on Monday due to the rupee’s depreciation against the dollar, while international prices also experienced a slight increase. The cost of 24-carat gold climbed by…
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 breaks all records, surges past 300 against the dollar
KARACHI: The Pakistani rupee surpassed the 300 mark against the US dollar in the interbank market on Thursday, based on data from the State Bank of Pakistan closing records. The local currency…
FBR plan to implement a track and trace system in cotton ginning factories
In collaboration with federal ministries and provincial departments, the Federal Board of Revenue (FBR) is poised to introduce an innovative Track and Trace System at cotton ginning factories across Pakistan. This strategic…
SAR TO PKR and other currency rates in Pakistan – 24 August 2023
SAR TO PKR buying exchange rate is PKR 79.57per Pakistan Open Market and SAR TO PKR selling exchange rate for 1 Riyal is PKR 79.72. on, 24 August 2023. Saudi Riyal to…
NEPRA Approves a Hike of Rs. 5.40 Per Unit in Electricity Prices
The National Electric Power Regulatory Authority (Nepra) has granted permission for a rise of Rs. 5.40 per unit in electricity rates as part of the quarterly adjustment for the fourth quarter of…
Gold rate in Pakistan takes a graceful dive, drop by Rs1,900 per tola
Amidst a global uptick in gold prices, the local market witnessed a contrasting trend of reduction. Despite the surge in gold rate on the international stage, the local market experienced a decline….
Rupee Hits Another Record Low Against US Dollar for Second Consecutive Day
For the second consecutive day, the Pakistani rupee has set a new record low against the US Dollar. Starting at 297 in the interbank market, it dropped to 299.92 at its lowest…
Gold Price in Pakistan has taken flight, soaring by a remarkable Rs. 4,600 per tola
The price of gold in Pakistan witnessed another substantial surge on Tuesday, concluding at Rs. 234,500 per tola. As per the data provided by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA),…
FBR reorganizes Customs Directorate General of Reforms and Automation
The Federal Board of Revenue (FBR) has made changes to the Directorate General of Reforms and Automation-Customs, modifying the roles and authority of its officials. This reorganization was announced through a notification,…
FBR Concedes Error: Tax Filing System’s Tax Calculation is Askew
High-ranking officials from the Federal Board of Revenue (FBR) Member Policy Inland Revenue have made a surprising admission to the Federal Tax Ombudsman (FTO). They confessed that the tax return system for…