KARACHI: The Pakistani rupee witnessed a slight depreciation against the US dollar, slipping by 0.03% in Thursday’s interbank trading session. By the close of trading, the rupee stood at 283.64 against the greenback, down by 9 paisas from the previous day’s closing rate of 283.55. On the global front, the
KARACHI: Pakistan’s total liquid foreign exchange reserves surpassed the $17 billion mark by the end of last week, according to the latest data from the State Bank of Pakistan (SBP). As of June 13, 2025, the country’s total reserves stood at $17.005 billion—an increase of $129 million from the previous
ISLAMABAD: Deputy Prime Minister and Foreign Minister Ishaq Dar announced that the digital sales tax on services will remain under provincial jurisdiction, while the proposed general sales tax (GST) on solar panels has been reduced from 18% to 10%. Addressing the National Assembly on Wednesday, Dar stated that, following extensive
ISLAMABAD: The Federal Cabinet on Wednesday gave the green light to a long-awaited agreement between the Government of Pakistan (GoP) and around 18 commercial banks for a significant Rs 1.275 trillion loan, following rigorous negotiations over each clause. According to sources in the Power Division, the loan is intended to
