KARACHI: In a major boost to the country’s foreign exchange inflows, exchange companies have welcomed their inclusion in the Pakistan Remittance Initiative’s (PRI) TT Charges Reimbursement Scheme, terming it a game-changer move that could potentially double home remittances from $4 billion to $8 billion during the current fiscal year. Chairman
ISLAMABAD: The Federal Board of Revenue (FBR) has totally abolished Additional Customs Duty (ACD) on the import of goods falling under the customs duty slabs of zero percent, 5 percent and 10 percent from July 1, 2025. From July 1, 2025, the FBR has also reduced Regulatory Duty (RD) on
KARACHI: The Pakistani rupee remained largely stable against the US dollar in the inter-bank market over the past week. According to the State Bank of Pakistan (SBP), the local currency closed at 283.72, showing a slight depreciation of Rs0.02 or 0.01% compared to the previous week’s closing rate of 283.70.
KARACHI: The Pakistan Stock Exchange (PSX) delivered an impressive performance during the outgoing week, with the benchmark KSE-100 Index surging by 4,355 points, or 3.6 percent week-on-week, to reach a record high of 124,379 points by Friday. The robust rally was primarily fueled by easing geopolitical tensions in the Middle
