KARACHI: In a historic economic milestone, Pakistan recorded its highest-ever home remittance inflows, exceeding $38 billion during the last fiscal year FY25. This unprecedented surge is credited to robust policy measures and sustained efforts by the federal government and the State Bank of Pakistan (SBP) to channelise remittances through formal
KARACHI: Pakistani rupee weakened further against the US dollar, depreciating 0.05% in the inter-bank market on Tuesday. At close, the currency settled at 284.36, registering a decline of Re0.14. On Monday, the currency settled at 284.22. Internationally, the Japanese yen fell broadly on Tuesday while the US dollar held steady
ISLAMABAD: The government remains fully committed to implement the Federal Board of Revenue (FBR) transformation plan, with a view to raising the tax-to-GDP ratio and transforming it into a modern, efficient, and accountable revenue authority that is essential to fiscal sustainability. This was stated by Federal Minister for Finance and
KARACHI: The Pakistani rupee extended its decline on Monday, falling to a 19-month low against the US dollar in the interbank market. By day’s end, the rupee closed at 284.22, losing Re0.25. Last week, the rupee had already shown weakness, ending at 283.97 — marking a 0.09% decline on a
