Photo: File Top officials of Pakistan International Airlines (PIA) have been revealed to be involved in money laundering. The Federal Board of Revenue (FBR) has accused the top management of the national airlines of money laundering, concealment of corruption and violation of foreign exchange regulation. Apart from writing a letter to the Director General FIA…
The caretaker trade minister said that the dollar has become 315 rupees. Caretaker Federal Minister of Commerce Gohar Ejaz has said that 50% of our economy is not documented, there is a need for complete documentation of the country’s economy. Addressing the ceremony in Lahore, the caretaker Minister of Commerce said that it is not…
Pakistan Business Council (PBC) says that 9 thousand billion rupees of people are lying outside the banks due to which there is speculation on dollar and gold. In a statement, the Pakistan Business Council said that there has been an increase in overseas Pakistanis sending currency to Pakistan through remittances, restrictions on imports have also…
Zubair Motiwala Business leader Zubair Motiwala says that electricity tariff is not acceptable, households, small businesses, industries cannot operate on this tariff. Zubair Motiwala said that IPPs are taking capacity payment at the rate of 17 cents. He said that the government is involved in inflation, the price of electricity is increasing due to electricity…
Pakistan Stock Exchange (PSX) had a dull trading day today, where the 100 index lost a whopping 1242 points. The PSX benchmark 100 index closed at 45,020 points at the end of trading after the decline. The 100 index fell by 3032 points in the month of August, while the index remained in the band…
After the dollar, gold also flew high, the price of gold per tola in the country increased significantly. According to All Pakistan Gems and Jewelers Association, the price of gold per tola has increased by Rs 3400 today. After this increase, the price of gold per tola in the country has reached 2 lakh 39…
After May this year, once again the Pakistani rupee fell below the Sri Lankan currency, which was on the verge of bankruptcy. One dollar became equal to 320 Sri Lankan rupees and 324 Pakistani rupees. In May, one dollar was equal to 305 Pakistani rupees and 304 Sri Lankan rupees. In three months, the Indian…
Photo: Rawalpindi Police Rawalpindi: 3 officers were injured due to the bite of a stray dog in the police lines, who were given first aid. The dog that attacked the officers was shot dead by the elite officer. Police officials say that the injured officers have been shifted to the hospital for vaccination after medical…
Pakistan Stock Exchange—File photo Pakistan Stock Exchange continues to bear heavy trend. The 100 index of the Pakistan Stock Exchange was suspended after falling 1242 points to 45 thousand 2. Yesterday, the 100 index closed at 46,244 points. Economic analyst Mohammad Sohail says regarding this situation that the fall of rupee and the fear of…
—File photo The Federal Board of Revenue (FBR) has frozen 13 bank accounts of national airline PIA. According to FBR officials, this action has been taken due to non-payment of federal excise duty of Rs.8 billion by PIA. FBR officials say that the bank account linked to Ayata will also be frozen. FBR officials have…
