Tuesday , February 18 2020

Recent Posts

HBL announces to close its branch in New York

HBL

Habib Bank Limited (HBL) announces voluntary closure of its branch in New York Habib Bank’s statement said Habib Bank branch in New York will be closed from March 31, 2020, the move to close the branch is being carried out under New York state banking laws and after voluntary closure …

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IMF praises Pakistan for achieving targets

The International Monetary Fund (IMF) says Pakistan has made “significant progress” in the program, but staff-level talks ended without agreement and the IMF team returned home. According to a local media report, Dr Abdul Hafeez Shaikh, Advisor to the Prime Minister, spoke to the media and said that the talks …

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Freelance payment increases by 5 times

Freelance

KARACHI: The State Bank of Pakistan has increased the payment limit for freelance services in information and communication technology by 5 times. According to the media reports, the circular issued by the bank stated that the decision was made to expand the scope of transactions made using business through local …

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Pakistan Stock Exchange (PSX) goes down below 4000 mark

Pakistan Stock Exchange

Pakistan Stock Exchange (PSX) saw a bearish trend where the ‘KSE-100 Index’ closed at 39,296 points, falling below the level of 40,000 points after a decline of 847 points. According to the report, 1 trillion 42 billion rupees came out from the market in one day. The stock market has …

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Country saw 3.8% decline in exports in last 2 months

export

ISLAMABAD: Despite payment of cash subsidies and the decline in the value of the currency, the export of Pakistani goods has seen negative growth for 2 consecutive months while steps have not yet been taken by the government to correct it. According to a local newspaper, Pakistan Institute of Statistics …

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Moody’s termed Pakistan’s banking system ‘sustained’

Moody's

Moody’s Investors Services has announced a strong outlook for Pakistan’s banking system over the next 12 to 18 months, due to its close association with independent companies, dynamic funding and liquidity. According to a statement issued by the agency, economic activities in Pakistan in terms of work environment will help …

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Stock Market crashes on the first day of trading week

Stock Market crashes

On the first day of the trading week on the Pakistan Stock Exchange, the stock market is experiencing a bearish trend. The index fell below 41 thousand levels after falling over 1000 points in the 100 index during trading. So far, the 100 index has dropped significantly by 2.54%. Market …

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Number of tax filers increased by 40% in the country

tax

ISLAMABAD: The Federal Board of Revenue (FBR) has received close to 40% more income tax declarations in the tax year 2019 compared to last year. The FBR received 2.85 million tax returns as of January 29 this year, compared to 1.35 million returns submitted in the year 2018. It should …

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Pakistan stock market started with a positive trend

stock market

Islamabad: The second day of the trading week in Pakistan stock market has started with a positive trend. The stock market started trading at 42,747 level on Tuesday and saw an increase of 182 points in the 100 index in the opening hour. The Pakistan stock market closed at 42,747 …

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After some decrease, Dollar is on the rise again

Doller

Inflation in the country has kept the public worried and when the value of the dollar rises, it directly affects the people, today the value of the dollar has increased by three paise. According to the details, at the opening of the business day at Interbank dollar increased by 3 …

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