Dar’s statement helps dollar gain 1pc

Dar’s statement that the dollar will be kept around Rs98 to support the export industry created panic-like situation.

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Ecnec okays Rs62bn projects

The Executive Committee of the National Economic Council has approved Rs62 billion worth of development projects.

Cotton output rises to 13.39m bales

Figures compiled by CGA, Aptma and KCA during outgoing fortnight show around 4,953 cotton bales reached ginning units.

OICCI seeks integrated tax collection

The OICCI has asked Sindh to integrate all revenue collection under one roof and also raise tax from agriculture sector.

Ministry set to auction 3G, 4G licences despite more roadblocks

The senate body’s recommendations will not stop the auction process to be held on April 23.

Nawaz vows to spend $1.6bn on Balochistan development

Addressing the cabinet meeting in Islamabad, the prime minister said that he himself will monitor these projects.

KSE-100 closes lower, rupee weakens

The stock market continued to consolidate above 29,000 points due to a holiday in global equity markets

Sindh announces sales tax amnesty

Sindh Revenue Board's amnesty scheme comes into immediate effect for citizens who have so far failed to pay sales tax.

Highlights

Diamer-Bhasha will be top priority: new Wapda chief

Mehmood explained his working agenda, putting launch of 4,500MW Diamer-Bhasha Dam project on top of his priority list.

Local drugmakers cashing in on MNCs’ departure

Some seven local pharmaceuticals have already inititated projects costing Rs3 billion to Rs5bn in the last 2-3 years.

Poverty index launched

A multi-dimensional poverty index based on global MPI methodology for calculating poverty was launched on Thursday.

Dar eyes forex reserves at $15bn by end-Sept

Pakistan's forex reserves are currently at $11.67bn after SBP received $2bn on Wednesday through floating of Eurobonds.

US calls for more investment-friendly Indian government

The US govt said that it would like to see bilateral trade with India grow to $500 billion a year.

Initiative helps bring down costs of remittances

Pakistan Remittance Initiative is helping exert downward pressure on costs of making remittances to South Asia, says WB.

Bullion rates
City Gold (24-ct) Silver
Karachi 42,428 642.85
Multan - -
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 98.75 99.00
U.K. 164.20 164.40
Euro 135.20 135.40
Japan 0.9500 0.9600
Saudi Arabia 26.10 26.30
U.A.E. 26.60 26.80
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