Court denies GEO Group’s request in immigration detainee case
Supreme Court Ruling on GEO Group Lawsuit The Supreme Court has decided not to shield the GEO Group, a significant private prison company, from a lawsuit claiming that detainees in Colorado were coerced into working for little or no pay. In an unanimous decision, the justices dismissed an appeal from GEO Group, based in Florida, […]
PIC directs SBP to provide list of employees with dual nationality in 10 days – Geo News
National Bank of Pakistan building in Karachi. — app/file Directive issued under the case of Azmat Khan v. State Bank of Pakistan. SBP's appeal was dismissed by the captain for lack of just cause. SBP's legal team is awaiting formal orders regarding disclosure from the PIC. LAHORE: The Pakistan Information Commission (PIC) on Saturday asked […]
26th amendment sets Jan 2028 deadline to end Riba, paves way for interest-free banking – Geo News
Pakistani rupee banknotes are reflected on a counting machine at a bank in Peshawar on August 22, 2023. Clause added as proposed by JUI-F. January 2028 is the deadline for completing Riba practice. All transactions involving Riba are “wrong.” The 26th Constitutional Amendment Bill, 2024, recently passed by the Senate, sets a deadline of January […]
Rupee poised for further consolidation amid IMF loan agreement – Geo News
Tresmark said he expects the rupee to hover around Rs 278 and the market is not expecting any significant appreciation. A trader counts Pakistani rupee notes at a currency exchange in Peshawar, Pakistan, on December 3, 2018. — Reuters The rupee is likely to remain stable in the short to medium term. The […]
Rupee expected to depreciate by end of 2024 despite IMF bailout hopes – Geo News
A foreign currency dealer counts US dollars at a store in Karachi on March 2, 2023. — Online The rupee is expected to trade at Rs 325 against the dollar by June 2025. It is likely to fall to Rs 295 by the end of December 2024. The policy rate will remain in the 17% […]
FBR mulls options to rope in traders into tax net – Geo News
The FBR has announced a simplified fixation scheme based on valuation of stores, which aims to generate tax revenue for 3.6 million retailers. A man carries a bag on his shoulder as he walks through a market in Karachi, Pakistan, on June 11, 2024, to deliver supplies to a nearby store. — Reuters […]
Rupee likely to remain stable on hopes of new IMF deal – Geo News
An employee counts Pakistani rupee notes at a bank in Peshawar, August 22, 2023. – Reuters Rupee: 290-310 rupees against the dollar: Survey. Opinion polls say the local currency is unlikely to depreciate significantly. Pakistan is seeking a “long-term” IMF bailout program. KARACHI: The rupee is likely to remain stable in the coming months on […]
Rupee likely to remain stable amid dollar inflows ahead of Ramadan – Geo News
Traders say IMF review and monetary policy will be key factors in determining the direction of the rupee A Pakistani shopkeeper counts money at his shop in Islamabad. — AFP/File The rupee ended this week at 279.19 against the dollar. Traders say there is no major pressure from the demand side. USD/PKR remains […]
Rupee faces test of stability amid political crisis post-polls – Geo News
Currency markets are believed to be under control, even though analysts are refraining from predicting interest rates due to political reasons… A man counts Pakistani rupee banknotes at a currency exchange office in Peshawar, Pakistan, September 12, 2023. The rupee ended the week at 279.33 against the dollar on Friday. Currency markets are […]
PSX posts 9th highest DoD loss as investors clamber for post-poll clarity – Geo News
A brokerage firm monitors stock prices during trading on the Pakistan Stock Exchange (PSX) in Karachi, May 16, 2022. —AFP KARACHI: Pakistan Stock Exchange (PSX) suffered its ninth highest YoY loss on Monday due to panic selling by nervous investors over concerns about the incoming government and the economy, dealers said. recorded and fell. The […]