SBP Uplifts Freelancers with 50% Retention on Foreign Currency Accounts
The development was announced through a circular notification to the CEOs and presidents of all the banks.
Category: Business
Stay informed about Pakistan’s dynamic business landscape. Explore the latest trends, market insights, and economic developments driving the nation’s growth and prosperity.
Over 630,000 Pakistanis Left Country for Job Opportunities in 2023
This increase in migration represents a 17% increase over the same period last year, indicating a significant shift in the aspirations and mobility.
Pakistan Gets a Second Chance to Develop CPEC?
Prime Minister Kakar’s visit took place on the sidelines of the Third Belt and Road Forum of International Cooperation where he met Chinese President Xi Jinping and Premier Li Qiang.
SBP’s foreign exchange reserves increase to $7.7 billion
The central bank did not give a specific reason for this recent increase in reserves, it indicates a continuation of the positive trend that began in July.
SadaPay Enables Pakistani Freelancers with Apple Pay and Google Pay
The announcement was made during SadaPay’s event, attended by IT industry, thought leaders, and early adopters of SadaBiz.
10.87 Million Mobile Made in Pakistan in First 8 Months of 2023
Despite this significant growth in the domestic mobile phone manufacturing industry, Pakistan still relies heavily on imported mobile phones.
Toyota Pakistan Shuts down Production Again Due to inventory shortages
This situation reflects the increasing difficulties faced by the automotive sector in Pakistan.
PM takes notice of purchase price of cotton below fixed rate
The government had fixed the price of cotton but it was seen that in some places cotton was being bought from the farmers at a minimum rate.
Why Is the Dollar Rate on a Steady Decline in Pakistan?
The Pakistani rupee has started a historic 27-day winning streak, hitting a three-month high below Rs 278 against the US dollar in the interbank market.
Government Reduce Petrol Prices by Rs. 40 per Liter
The decrease in international oil prices and the strengthening of the Pakistani rupee against the US dollar have contributed to this price cut.
