Business : AsiaNet-Pakistan

Category: Business

FBR Notifies Transfer of 6 Senior Customs Officers to Law Ministry

October 20, 2021 |

The Federal Board of Revenue (FBR) has relieved from duty six senior customs officers (BS-20 and 21) for joining the Customs Appellate Tribunal as members in Karachi, Islamabad, and Quetta.According to a notification issued by FBR on Wednesday, the Boa…

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Rupee Plunges to A New Record Low Against the US Dollar

October 20, 2021 |

The Pakistani Rupee crashed to a new all-time low against the US Dollar today. The Rupee depreciated by 69 paisas against the dollar and closed at 173.47.The local currency’s prior record low against the US Dollar (USD) was 172.78.Adviser to the Prime …

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UBL Reports 9 Months Profit of Over Rs. 21 Billion

October 20, 2021 |

The United Bank Limited (UBL) has made a hefty profit of over Rs. 21 billion in the past nine months of 2021, making a year-on-year (YoY) growth of 42% in the first quarter of the Fiscal Year 2021-22.According to financial results, the bank’s profit af…

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Current Account Records a Whopping $3.4 Billion Deficit in Q1 FY22

October 19, 2021 |

Pakistan’s current account recorded a massive deficit of $3.4 billion in the first quarter of FY2021-2022 owing to the increasing trade deficit in tandem with the high imports bill during the period from July to September in 2020.According to the State…

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Rupee Crashes to Unforeseen Record Low Against the US Dollar

October 18, 2021 |

The Pakistani Rupee crashed to a record low against the US Dollar today. PKR depreciated by 1.60 against the dollar and closed at 172.78 after touching an intra-day low of about 173.This comes after hitting consecutive record lows against the US Dollar…

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Govt Announces Price Subsidy on Ghee

October 18, 2021 |

Minister for Planning and Development, Asad Umar, says commodity and energy prices are much less in Pakistan compared to the regional countries.Addressing a news conference in Islamabad on Monday, he said this would be achieved by reducing taxes on edi…

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BoI Seeks Cabinet Panel’s Nod for Building CPEC Tower in Islamabad

October 18, 2021 |

The Board of Investment (BoI) has moved a summary to the Cabinet Committee on China-Pakistan Economic Corridor (CCoCPEC), seeking approval for establishing “CPEC Business and Industrial Cooperation Tower” in Islamabad to provide state-of-the-art workin…

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Govt revises prices of petroleum products

October 16, 2021 |

The government has increased the prices of petroleum products in view of their increase in the global market.According to the notification issued by the Finance Ministry, the price of petrol has been increased by 10.49 rupees per liter, high speed die…

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FBR Collects Extra Rs. 47.4 Billion With 2.47 Million Tax Returns

October 15, 2021 |

The Federal Board of Revenue has collected income tax of Rs. 47.4 billion until now, while a total of 2.475 million income tax returns have been filed for the tax year 2021 so far.Official sources told ProPakistani that the Federal Board of Revenue (FB…

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HBL Declares Profit of Rs. 27 Billion in First 9 Months of 2021

October 15, 2021 |

The Board of Directors of HBL has announced the financial results for the nine months period that ended on September 30, 2021.HBL today declared a consolidated Profit after tax of Rs. 27.0 billion, up by 7% as compared to Rs. 25.27 billion recorded in …

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SBP Orders Banks to Digitize Corporate Payments

October 15, 2021 |

The State Bank of Pakistan (SBP) has made it mandatory for the entities it regulates, including banks, microfinance banks, payment system operators, and payment system providers, to provide digital means of payments to their corporate clients to enable…

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OGDCL Appoints Khalid Siraj Subhani As Acting CEO

October 14, 2021 |

Syed Khalid Siraj Subhani has been given the acting charge of Managing Director (MD) and Chief Executive Officer (CEO) of the Oil and Gas Development Company Limited (OGDCL), following the resignation of Shahid Salim Khan who served the organization fo…

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