The Punjab Revenue Authority (PRA) showing an outstanding performance has collected Rs66.41 billion in terms of taxes during July-September for the current financial year 2025-26. According to the PRA, this amount is 28 percent more than that of the corresponding period of the outgoing financial year which stood at Rs51.98 billion. According to break-up provided by the PRA, out of total Rs66
Prime Minister Shehbaz Sharif on Thursday issued a firm directive to fast-track the privatisation of underperforming state-owned enterprises (SOEs), urging officials to secure the most advantageous deals while warning against bureaucratic inertia and administrative delays. The prime minister, while chairing a high-level meeting, stressed that the national interest must remain at the heart of th
The inflows of home remittances maintained a healthy growth, surging to USD 9.53 billion in the first quarter (July to September) of this fiscal year 2025-26 (FY26). According the State Bank of Pakistan (SBP), the inflow of remittances reported a notable increase of 8.4 percent or USD 700 million in the first three months of the current fiscal year as compared with a similar period of the last
Oil prices declined slightly on Friday after settling 1.6% lower in the previous session as the market’s risk premium faded after Israel and Hamas agreed to the first phase of a plan to end the war in Gaza. Brent crude futures were down 7 cents at $65.15 a barrel by 0338 GMT. US West Texas Intermediate crude fell 2 cents to $61.49. Israel and the Palestinian militant group Hamas signed a cea
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 10am, the currency was hovering at 280.97, a gain of Re0.23 against the greenback. On Thursday, the local unit closed at 281.20. Internationally, the Japanese yen was set for its steepest weekly drop in a year on Friday, as investors fretted