Dar takes tax officials to task over target

Chief commissioners were called in to work out means for showing growth in revenue collection to reach the target.

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Saudi Arabia warns PIA of halting flights over unpaid dues

Saudi civil aviation authority threatened PIA of stopping all flights in case dues are not cleared by April 17.

Amount of unpaid power bills increases to Rs286bn

Power companies blame poor governance of power sector for the fresh build-up of unpaid bills known as circular debt.

PTA dispels reports of dismal response to 3G, 4G auction

PTA says response was “very encouraging and satisfactory”, and that the auction will go through on April 23.

Interest payments on domestic debt grow

SBP has revealed that there has been a 9pc annualised growth in interest payments on domestic debt during Jul-Jan FY14.

Moody’s hints at improved outlook

Moody’s has hinted that Pakistan's credit rating could be improved if it continues to improve its economic performance.

Strong rupee cuts exporters’ revenue

Textile industry demanded govt support to offset the adverse effects of exchange rate's appreciation on their revenues.

Stocks undergo technical correction

The bulls took a breather on Monday as the KSE-100 index shed 155.32 points to 29,094.13.

Highlights

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.

Regional trade integration to help revive economy

Commerce Minister Khurram Dastgir Khan said regional trade integration and liberalisation was govt's top priority.

Eurobonds sale and their impact

With the healthy inflow from the Eurobond in the bag, the probability of a discount rate cut of 50bps has increased, as

Exchange companies under stress

Forex companies have started feeling the heat of changed market conditions after the recent rise in the rupee’s value.

IMF forecasts on Pakistan’s economic prospects

Pakistan’s GDP growth is expected to fall to 3.1pc in 2014 before steadily growing back to 5pc by 2018.

Mango crop and export outlook

Mango output this year may cross 1.8 million tonnes after remaining below this mark for last two years.

Bullion rates
City Gold (24-ct) Silver
Karachi 42,257 642.85
Multan 41,750 686.00
Exchange Rates

Exchange Rates for Currency Notes

CountriesSelling (Rs.)Buying (Rs.)
U.S.A. 97.65 98.15
U.K. 161.15 161.35
Euro 133.20 133.40
Japan 0.9300 0.9400
Saudi Arabia 25.70 25.90
U.A.E. 26.30 26.50
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