ISLAMABAD: In a move to curb economic activity by non-filers, banks will be prohibited from allowing cash withdrawals exceeding a specified limit from the accounts of ineligible persons, as outlined in the amended Finance Bill (2025-26). This new regulation will take effect from July 1, 2025, and targets non-filers specifically.
KARACHI: The Pakistani rupee recorded a slight decline against the US dollar on Monday, slipping by 0.06% in the interbank market. At the close of trading, the rupee settled at 283.87, down by Re0.17 against the dollar. During the previous week, the local currency had also lost ground, falling by
HOUSTON: Oil prices plunged by over $5 a barrel, or more than 6%, on Monday following Iran’s retaliatory strike on a US military base in Qatar in response to American airstrikes on its nuclear facilities over the weekend. Despite the escalation, Iran did not interfere with the flow of oil
KARACHI: Rupee weakened further during the previous week as it depreciated Re0.74 or 0.26% against the US dollar. The local unit closed at 283.70, against 282.96 it had closed the week earlier against the greenback, according to the State Bank of Pakistan (SBP). In line with market expectations, the Monetary
