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Business Archives - The Front Affairs

The Front Affairs

FBR Sets Tax Collection Target of Rs. 965 Billion for December

The Federal Board of Revenue (FBR) is facing the impossible task to collect Rs. 965 billion in December for meeting the assigned revenue collection target. The FBR’s month-wise tax projections for the current fiscal year (FY23) reveal that an extraordinary growth of 61 percent (compared to last year’s collection) would be required in revenue collection … Read more

Pakistan to Begin Talks With Russia on Importing Cheap Oil and LNG

Pakistan and Russia are expected to start negotiations on importing oil and liquified natural gas (LNG) by the end of the week. A two-member Pakistani delegation comprising Dr. Musadik Malik, Minister of State (Petroleum Division), and Capt (R) Muhammad Mahmood, Additional Secretary In-charge (Petroleum Division), will visit Moscow from November 29 to 30 to get … Read more

Oil Prices Crash As Supply Concerns Ease On Russian Price Cap Talks

Oil prices fell on Thursday with Brent crude falling near Monday’s levels following developments that Group of Seven (G7) nations were considering a price cap on Russian crude in the range of $65-70 per barrel, international media reported today. The world’s most traded commodity fell as supply fears added to the downward trend that initially … Read more

Broken RaDar: US Dollar Rises Further Against PKR Amid IMF Delay, Politics

The Pakistani Rupee (PKR) dropped further against the US Dollar (USD) and posted losses during intraday trade today. It depreciated by 0.05 percent and closed at Rs. 223.91 after losing 10 paisas against the greenback. The local unit quoted an intraday low of 224.35 against the greenback. The local unit was initially bearish in the … Read more

Pakistan Business Users to Benefit From Availability of SAP Build

SAP announced the launch of SAP Build, a powerful new low code offering to unleash the power of business users, launched at the SAP TechEd conference in Las Vegas, USA, recently. SAP Build empowers users of all skill levels to create and augment enterprise applications, automate processes, and design business sites with drag-and-drop simplicity. It … Read more