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Rupee PKR: 0.09pc decline

KARACHI: The Pakistani rupee weakened against the US dollar on Wednesday, depreciating by 0.09% during the trading session. By the close of the day, the local currency settled at Rs282.47, marking a decline of Re0.26 compared to Tuesday’s closing rate of Rs282.21. On the global front, both the US dollar

SBP to Launch Digital Payments Upgradation

KARACHI: As part of its Vision 2028 initiative, the State Bank of Pakistan (SBP) has announced the launch of the Pakistan Real-Time Interbank Settlement Mechanism Plus (PRISM+), effective from June 16, 2025. This move aims to enhance the country’s National Digital Payments Infrastructure. PRISM+ is based on the ISO 20022

PKR weakens slightly

KARACHI: The Pakistani rupee posted a slight decline against the US dollar on Tuesday, slipping by 0.01% during intraday trading. By the day’s end, the local currency closed at 282.21 against the greenback, marking a depreciation of Re0.04.In the previous session held on Thursday, the rupee had settled at 282.17….

Rs17.6trn FY26 budget presented amid IMF stipulations

ISLAMABAD: In the federal budget for 2025–26, the government has announced significant tax relief measures for salaried taxpayers, including a reduction in tax rates across all income slabs. The move aims to offer financial relief amid ongoing economic pressures. Tax rates for salaried individuals earning up to Rs3,200,000 have been

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