The donor has to pay the applicable stamp duty on the property that is to be transferred to the recipient as gift. Non-resident status is determined differently under FEMA and Income-tax Act. Gift received from grandfather...
The company had posted a profit after tax of Rs 0.68 crore in the year-ago period, it said in a regulatory filing
Adrian Jones, an investor, recently presented a system that allegedly introduces an aspect of investing that could lead to financial freedom. It consists of a 20-year collection thought to aid people in boosting their...
IMF funding is crucial for the USD 350-billion Pakistan economy facing a balance-of-payments crisis with the country's foreign exchange reserves slipping below USD 3 billion.
The overall reserves had dropped by $571 million to $563.499 billion in the previous reporting week, snapping a five-week trend of an increase in the kitty
This is the fourth consecutive week of rise in the reserves. In the previous reporting week, the overall reserves had grown by $2.9 billion to $550.14 billion
Financial analysts said that the foreign exchange reserves held by the State Bank of Pakistan would cover just around three weeks of imports
The three-day initial public offering (IPO) will conclude on December 15, according to the red herring prospectus (RHP)
he production of ethanol is going to change the entire economy of the petroleum sector in the coming days. Achieving the target of 20 per cent ethanol blending...
Getting a forex card is simple. You just have to walk into an eligible bank branch and do the paperwork. But how do you load the balance when abroad and what...
WazirX is in deep trouble after Enforcement Directorate (ED) froze Rs 64.67 crore in bank balances and raided premises for alleged violation of the FEMA Act
Crypto enthusiasts have long argued that political and economic instability in Sri Lanka will lead to a flight towards crypto.
At the interbank forex market, the local unit opened weak at 79.30 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.49
During the reporting week ended July 1, the fall in the foreign exchange reserves was due to a dip in Foreign Currency Assets (FCA), a major component of the...
At the interbank foreign exchange market, the local currency opened at 79.20 and finally ended at 79.23, down 10 paise over its previous close of 79.13
Economic Affairs Secretary Ajay Seth said RBI measures, including on External Commercial Borrowing (ECB), are transitory and for shorter duration, and would...
At the interbank foreign exchange market, the local currency opened at 79.05 and finally ended at 79.13, down 19 paise over its previous close
RBI said it has been closely and continuously monitoring the liquidity conditions in the forex market and has stepped in as needed in all its segments to...
At the interbank forex market, the local unit opened at 79.29 against the greenback and witnessed an intra-day high of 79.24 and a low of 79.37
The Foreign Exchange Programs at Ecole are the beacons of victory for Ecoliers.
At the interbank foreign exchange market, the local currency opened at 78.26 and finally settled at its all-time low of 78.32, unchanged from its previous close
At the interbank foreign exchange market, the local currency opened at 78.26 and finally settled at its all-time low 78.32, unchanged from its previous...
Pakistan: The loan agreement with Chinese banks will boost the crisis-hit Pakistan's reserves and enable Islamabad to make import payments while lending some...
On a balance of payments basis, excluding valuation effects, foreign exchange reserves increased by $47.5 billion during 2021-22 as compared with $87.3 billion...
In the previous week, the reserves had decreased by $306 million to $601.057 billion
