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…
Category: Business
Latest Business News from Pakistan and Around the World – SBP, FBR, FIA, Petrol, Dollar and Daily Gold Rates on financeupdates.net.
Rs 1500 Prize Bond list 2024 – Check Draw Date and Balloting Details
Rs 1500 Prize Bond list 2024, Prize Bonds resemble exclusive lottery tickets distributed by the central bank, and the forthcoming draw pertains to the 1,500 prize Bond. Although these bonds do not…
FBR Overhaul Progress: 8-Member Team Set for Asset Redistribution Guidance
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…
Gold Price in Pakistan Market Sees a Sharp Decline in this week
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…
PKR Continues to Rise Against US Dollar for Third Consecutive Day
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,…
FBR Introduces Unified Sales Tax Return System for Telecom Companies
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,…
Currency Rates in Pakistan Today – January 31, 2024
As of January 31, 2024, the forex market in Karachi has seen notable currency exchange rates, particularly for the US Dollar, which is currently trading at Rs 279.8 for buying and Rs…
FTO Urges FBR and SBP Collaboration to Tackle Exporters’ Valuation and Transaction Issues
The FTO has ordered the Federal Board of Revenue (FBR) to team up with the State Bank of Pakistan (SBP) and tackle two major hurdles you’ve been facing: Remember how open-account transactions…
Bank Holidays In February – Banks to Remain Closed for three Days Again
Bank Holidays In February – The State Bank of Pakistan (SBP) revealed that it will remain closed on Monday, 5 February 2024, on account of Kashmir Day. “The State Bank of Pakistan…
Gold Rate in Pakistan 2024: Latest rates of 24K and 22K
Gold is a precious metal that many people in Pakistan and around the world invest in. Recently, gold prices in Pakistan have been increasing. This article will explain why gold prices are…