The Pakistani rupee strengthened against the US dollar, appreciating 0.08% during the opening hours of trading in the inter-bank market on Friday. At 11am, the currency was hovering at 280.43, a gain of Re0.22 against the greenback. On Thursday, the local unit closed at 280.65. Internationally, the US dollar was on track for its best week in over a month on Friday as investors wagered the
Positive sentiments returned to the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 500 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 161,502.29, a gain of 567.16 points or 0.35%. Buying interest was observed in key sectors including automobile assemblers, cement, commercial banks, fertiliser, oil and ga
ISLAMABAD: The Federal Tax Ombudsman (FTO) has directed that an investigation be initiated against the Federal Board of Revenue (FBR) over its alleged inaction in granting extensions for filing income tax returns for the tax year 2025. According to sources, the order came in response to a public interest complaint filed by tax lawyer Waheed Shahzad Butt. In the complaint, it was highlighted tha
Federal Minister for IT and Telecom, Shaza Fatima Khawaja on Tuesday held an important meeting with Azerbaijan’s Minister of Digital Development and Transport, Rashad Nabiyev, where both sides advanced discussions on deep technology cooperation and future-focused digital partnerships. Shaza Fatima and Minister Nabiyev praised the close and friendly relations between Pakistan and Azerbaijan, rea
Gold edged lower on Wednesday due to a stronger dollar, while investors awaited minutes from the Federal Reserve’s latest policy meeting and U.S. jobs report that could shed more light on the central bank’s interest rate trajectory. Spot gold was down 0.2% at $4,059 per ounce, as of 0201 GMT. U.S. gold futures for December delivery edged 0.1% lower to $4,061.60 per ounce. “Gold has somewhat