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Business and economy news from Pakistan: markets, the rupee, energy, trade and the numbers behind the headlines.
NBP releases exchange rates for major currencies on 2 October
The rates provide the latest figures for several global currencies, impacting trade and investment decisions across Pakistan.
John Galliano releases Zara collection amid Met exhibition cancellation
The collaboration follows controversy surrounding the cancellation of a major museum show dedicated to the designer.
FBR launches nationwide market mapping starting Friday to boost tax compliance
The initiative aims to formalise the tax status of numerous small businesses, addressing historical non-compliance issues.
Rupee appreciates against Dollar; Euro and Pound rates show shifts
Currency movements across the board suggest fluctuating international market sentiment for Pakistani rupees.
Sindh government approves Rs9.282 billion for Karachi industrial infrastructure improvements
The Chief Minister pledged continued support to the industrial sector, promising to resolve key operational challenges for businesses.
Inflation slowed to 10.3% in September; energy prices rose year-on-year
The IMF advised Pakistan to adjust its exchange and interest rate policies amid persistent cost increases.
MCCI unveils 100-day plan focusing on digitisation and SME support
The plan was announced at the chamber’s 67th Annual General Meeting.
MTBA urges PM Sharif to limit FBR powers amid tax collection concerns
The trade body expressed worry that tax authorities are using enforcement powers to secure immediate revenue targets from businesses.
Nosherwan Khalil assumes RCCI Presidency; Focus on Business Development
The new leadership aims to tackle high production costs and improve export competitiveness for Pakistani businesses.
FBR uncovers Rs 9.41 billion fraud, registers money laundering case
The investigation, using database analysis, flagged 85 taxpayers who revised statements outside legal timeframes.
FBR raises penalties for late tax filing; deadline remains September 30
The government abolishes the late-filer category from October 1, increasing penalties for individuals and corporations.
UK mortgage demand hits 32-month low in August amid affordability pressures
The decline reflects ongoing housing market strain, exacerbated by inflation and rising mortgage rates following the Iran conflict.
NBP sets exchange rates for multiple currencies on 29 September
The rates, effective 1 October, provide specific buying and selling figures for major global currencies.
Karachi reports USD buying rate at 275.94 and selling rate at 278.94
The USD buying rate stands at 275.94 in Karachi, while the selling rate is recorded at 278.94.