Pakistan’s Oladoc Raises $1.8 Million in Series A Round

Pakistan’s leading doctor booking and teleconsultation platform, Oladoc, has raised $1.8 million as part of its Pre-Series A round.The round was led by Sarmayacar Ventures along with participation from Doha Tech Angels and other angel investors. Althou...

FBR to Integrate Foreign Currency Dealers With Its POS System

The Federal Board of Revenue (FBR) has decided to integrate the foreign exchange dealers with its Point of Sale (POS) system to keep an eye on the trading activities of the forex market.According to the draft, prepared by the tax

Private Sector Borrowing Drops From 5.3% to 1.2% in 20 Years

Banks’ loans to the private sector dropped from 5.3 percent of GDP to 1.2 percent in the last 20 years, as per the World Bank (WB) data showing credit trends from 2001 to 2020.The WB is busy streamlining a picture

Remittances Surge to $15.8 Billion in First Half of FY22

The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a handsome level of $15.8 billion in the first half of the financial year 2021-22.The remittances grew by 11.3 percent during

SPI-Based Weekly Inflation Declines Due to Decrease in Food Prices

The Sensitive Price Indicator (SPI) for the week ended 13 January 2022 recorded a decrease of 0.43 percent, stated the Pakistan Bureau of Statistics (PBS).During the week, out of 51 items, prices of 16 (31.37 percent) items increased, nine (17.65

Rupee Posts Big Gains Against the US Dollar After Mini-Budget Approval

The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market today. It gained 31 paisas against the greenback after hitting an intra-day high of Rs. 176.00 against the latter during

These Are the Newly Approved Taxes on Petrol and Electric Cars

After a lot of wait and speculation, the National Assembly has finally approved the mini-budget, which spells trouble for the car industry. The most notable amendment is that the Federal Board of Revenue will now charge 12.5 percent General Sales

Rupee Posts Big Gains Against the US Dollar After Mini-Budget Approval

The Pakistani Rupee (PKR) has reversed yesterday’s losses against the US Dollar (USD) and posted gains in the interbank market today. It gained 31 paisas against the greenback after hitting an intra-day high of Rs. 176.00 against the latter during

World Bank to Consider $85 Million House Financing Project For Pakistan Next Month

The World Bank’s Board of Executive Directors will consider the “Pakistan Housing Finance-Additional Financing” project next month, with the objective to increase access to housing finance for households and support capital market development in the co...

Remittances Surge to $15.8 Billion in First Half of FY22

The inflows of remittances maintained its sustainability from the recent past which continued to surge the overall values to a handsome level of $15.8 billion in the first half of the financial year 2021-22.The remittances grew by 11.3 percent during