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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
ISLAMABAD: Pakistan’s textile exports reached $17.88 billion in FY2025, reflecting a 7.22% year-on-year (YoY) increase from $16.68 billion in FY2024, according to data released by the All Pakistan Textile Mills Association (APTMA). However, the export figures remain 7.36% below the record high of $19.3 billion achieved in FY2022. In June
KARACHI: The Pakistani rupee posted a slight gain against the US dollar in the interbank market on Thursday, appreciating by 0.03%. The local currency closed at 283.86, up by Re0.09 from Wednesday’s closing rate of 283.95. Globally, the US dollar showed signs of weakness following a trade agreement between the
