Daily Archives: January 4, 2021
Pakistani Rupee Begins the Year With a Slight Loss Against the US Dollar
The first shift for the Pakistani Rupee’s exchange rate against the US Dollar in 2021 came as a loss of 14 paisas on the opening day of the week. With a decrease of 14 paisas, PKR closed at Rs. 159.97 to the USD on Monday (January 4, 2021), as compared to Rs. 159.83 to the
Credit Card Users Decline Due to COVID-19
The number of credit cards’ base and its utility witnessed a decreasing trend among customers despite the reduction in mark-up rates. According to the State Bank of Pakistan (SBP), the number of credit cards declined to 1.63 million in the first quarter of the financial year 2020-21 (July to September) against the previous quarters in
Investigation Exposes Corruption Worth Trillions in Sindh’s Pension Funds
A recent high-level investigation of Sindh’s Finance Department has revealed corruption involving Rs. 2.031 trillion that has been attributed to heavy misappropriation of the pension kitty by the Sindh Treasury. A detailed review of the investigation has revealed implicating evidence against the Finance Department that will undergo another probe by the National Accountability Bureau (NAB).
Sheikh stresses need to monitor demand supply position of daily use items at affordable rates
Minister for Finance and Revenue Dr. Abdul Hafeez Sheikh has stressed the need for effective functioning of authorities to monitor the demand supply position across the country for provision of daily use items to general public at affordable rates. He was chairing the meeting of the National Price Monitoring Committee in Islamabad today (Monday). The