Pakistani Currency Strengthens Against The US dollar In Interbank
October 6, 2023
4:12 pm
KARACHI – The Pakistani rupee’s winning streak against the US dollar persisted in the interbank trading session on Friday.
KARACHI – The Pakistani rupee’s winning streak against the US dollar persisted in the interbank trading session on Friday.
In light of the recent strengthening of the Pakistani rupee in relation to the US dollar, Lucky Motor Corporation (LMC) has made the decision to decrease the prices of Kia vehicles.
RIYADH – To enhance technological cooperation between Pakistan and Saudi Arabia, the Saudi firm “ACTCO” has formed a strategic alliance with Premier Cables Private Limited, a prominent fiber optic manufacturer in Pakistan.
KARACHI – The State Bank of Pakistan (SBP) has unequivocally affirmed the safety of deposits, citing Pakistan’s robust banking system operating under a strong regulatory framework established by the central bank.
State Bank of Pakistan (SBP) refuted reports suggesting that bank deposits exceeding Rs. 500,000 within the Pakistani banking system are at risk.
Once again, Pakistan State Oil (PSO) has halted the supply of fuel to Pakistan International Airlines (PIA) due to outstanding debts, causing multiple PIA flights to experience delays at Lahore airport.
The YBR 125, a well-known commuter motorcycle introduced by Yamaha in 2015, still maintains its dominance on the roads
The World Bank has suggested that Pakistan should initiate taxation on monthly salaries below Rs50,000 and further lower the income threshold for imposing the highest income tax rate of 35% on salaried individuals, which currently stands at Rs500,000 per month.
The World Bank has raised significant concerns about Pakistan’s sales tax system, highlighting that it offers preferential rates below the standard 18 percent for specific products and sectors.
In a significant move, Pakistan’s Caretaker Interior Minister, Sarfraz Bugti, recently announced a major crackdown against illegal immigrants, with a particular focus on Afghan nationals residing in the country without valid passports and visas.
In an impressive streak of performance, the Pakistani currency has reached its highest value in nearly three months, just shy of Rs286 against the US dollar in the interbank market on Tuesday. T
Bank Alfalah Limited (PSX: BAFL) has unveiled its plans to establish an Exchange Company with an initial paid-up capital of Rs. 2,000 million, as confirmed in a disclosure to the Pakistan Stock Exchange on Tuesday.
