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The price of gold in Pakistan experienced its second major decrease this week, falling by Rs. 5,500 per tola on Thursday. This drop comes after a similar decline earlier in the week, marking a significant reduction in the precious metal’s value. Latest Price Decrease According to the All-Sindh Sarafa Jewellers Association, the price of 24-carat …
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Employees of the Federal Board of Revenue (FBR) in Grades 1 to 16 have raised concerns about unequal reward distribution for the first quarter of FY25. They claim that the rewards were not distributed fairly among the staff. Letter Sent to Authorities In response to these concerns, FBR employees have sent a formal letter …
Sazgar Engineering Works Limited (PSX: SAZEW) has announced its approval to purchase 140 kanals of land for Rs. 1.54 billion. The land is located adjacent to Sazgar’s existing four-wheeler project. Support for Expansion This acquisition is part of Sazgar’s strategy to support its future growth. The additional land will provide space for expansion of its …
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ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has issued the Securities Managers (Licensing and Operations) Regulations, 2024. This regulatory framework aims to facilitate investment advisory in Pakistan’s securities market. Under the new regulations, qualified securities brokers are allowed to provide portfolio management services. To do this, brokers must obtain a securities manager license …
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The Pakistan Stock Exchange (PSX) saw a strong recovery on Thursday, with shares climbing more than 800 points during intraday trade. Analysts attributed the rally to improving macroeconomic stability, which encouraged investor confidence. After a slight dip on Tuesday, when the market snapped its record-breaking streak, the PSX bounced back on Wednesday with a modest …
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Islamabad: The Federal Board of Revenue (FBR) has introduced ePayment 2.0, a new tax payment system integrated into its IRIS 2.0 portal. This advanced system aims to streamline tax payments across Pakistan, making the process faster, more secure, and easier for taxpayers. The FBR launched ePayment 2.0 as part of the government’s mission to modernize …
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Islamabad: The Securities and Exchange Commission of Pakistan (SECP) registered 2,477 new companies in October 2024. This recent increase brings the total registered companies in Pakistan to 233,587, showing rising confidence in the country’s corporate sector. SECP’s digitization initiative continues to play a pivotal role, with 99% of the new company registrations processed through its …
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Islamabad: Pakistani consumers will face another increase in petrol and diesel prices in the upcoming fortnight. Rising global oil rates and elevated import costs are driving this price hike, which will add more financial pressure on consumers nationwide. Sources report that petrol prices are set to rise by Rs4 per liter, reaching Rs253 per liter, while …
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Islamabad: The Pakistani rupee (PKR) saw gains against the British Pound and other key currencies today, signaling a steady economic stance. Against the US Dollar (USD), the PKR held its position with only minor fluctuations, ending the day slightly stronger in the interbank market. The PKR closed at 277.85 against the USD in interbank …
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Islamabad: Federal Minister for Commerce Jam Kamal Khan recently met with Japanese Ambassador to Pakistan, His Excellency Mr. WADA Mitsuhiro, as the Ambassador prepared to conclude his term in Pakistan. During the meeting, Minister Jam conveyed his best wishes for Ambassador WADA’s next assignment and acknowledged his dedication to strengthening ties between Japan and …
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