Category: News

PKR: marginal improvement

KARACHI: The Pakistani rupee saw a slight gain against the US dollar, appreciating by 0.07% in the inter-bank market on Wednesday. By the end of the trading session, the rupee closed at 284.76, marking an increase of Re0.21 from Tuesday’s closing rate of 284.97. Globally, the US dollar weakened against

PSX dips on profit-taking

KARACHI: The Pakistan Stock Exchange (PSX) experienced mild pressure on Tuesday as investors engaged in profit-taking, reassessing the sustainability of the recent bullish trend. This led to a modest retreat across key sectors. The benchmark KSE-100 Index declined by 165.26 points, or 0.12 percent, closing at 139,254.36 points, down from

Customs’ value fixed on solar panels import

ISLAMABAD: The Directorate General of Customs Valuation, Karachi, has fixed customs value $0.08/Watt to $0.09/Watt on the import of solar panels of all origin. According to a valuation ruling (2012 of 2025) issued by the directorate on Monday, several representations were received by the Directorate of Customs Valuation, Karachi, emphasising

FY25 profit repatriation totals $2.22bn

KARACHI: Foreign companies operating in Pakistan repatriated over two billion dollars on account of profits and dividends during the last fiscal year (FY25), the State Bank of Pakistan reported on Monday. According to the SBP, total profit and dividend repatriation, including return on Foreign Direct Investment (FDI) and Foreign Portfolio

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