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KARACHI: The Pakistani rupee weakened slightly against the US dollar on Tuesday, depreciating by 0.05% in the inter-bank market. By the day’s end, the local currency closed at 281.92, down by Re0.15 compared to Monday’s closing rate of 281.77. On the global front, the US dollar traded mostly flat on
ISLAMABAD: Pakistan’s economy posted a 2.4 percent growth in the third quarter (January–March) of fiscal year 2024–25, according to data released by the Pakistan Bureau of Statistics (PBS) on Tuesday. This GDP growth came despite a 1.14 percent contraction in the industrial sector during the same period, as revealed during
KARACHI: The Pakistani rupee recorded a slight decline against the US dollar, slipping by 0.04% in the inter-bank market on Monday. By the end of the trading session, the local currency closed at 281.77, down by Re0.11 against the dollar. In the previous week, the rupee had shown a modest
Over 50 ultra-processed food items may face 5% FED ISLAMABAD: In a significant move to boost revenue, the government is expected to introduce a 5 percent Federal Excise Duty (FED) on more than 50 categories of ultra-processed foods in the upcoming 2025–26 budget. Sources informed Business Recorder on Monday that
