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Business

Pakistanis imported smartphones worth $79.4 million in August: report

24 Sep 2024

Pakistanis imported smartphones worth $79.4 million in August: report

The report revealed a mixed bag of trends in mobile phone imports.

Nil-filers' number surges to 2.3 million amidst tax drive

24 Sep 2024

Nil-filers' number surges to 2.3 million amidst tax drive

FBR decided to send an e-notice to 1.6 million nil-filers.

Govt issues notices to famous brands over misleading discount ads

23 Sep 2024

Govt issues notices to famous brands over misleading discount ads

Notices have been issued to 20 brands, requiring clarification on their potentially deceptive discount practices.

Gold prices hit reverse gear - check new rates on September 23

23 Sep 2024

Gold prices hit reverse gear - check new rates on September 23

The precious commodity's price had previously risen significantly on Friday.

Government plans strategy to pay off Rs71 trillion debt

23 Sep 2024

Government plans strategy to pay off Rs71 trillion debt

Plan aims to address the cash crunch situation and create the capacity to repay loans

Bank loans to private sector jump by 3.6% in 2MFY25

23 Sep 2024

Bank loans to private sector jump by 3.6% in 2MFY25

The first two months of fiscal year 2024-25 appeared better for the country.

Passenger train fares slashed in Pakistan after fuel prices drop

21 Sep 2024

Passenger train fares slashed in Pakistan after fuel prices drop

This move is part of the government’s efforts to make train travel more affordable and accessible for masses.

Gold prices soar to record high in Pakistan

21 Sep 2024

Gold prices soar to record high in Pakistan

Market analysts attribute the gold price hike to global economic uncertainties.

Bank transactions to be blocked for non-filers

21 Sep 2024

Bank transactions to be blocked for non-filers

FBR decided not to extend the deadline to file tax return.

PIA privatisation bid: These private airlines show interest to takeover national airline

20 Sep 2024

PIA privatisation bid: These private airlines show interest to takeover national airline

The bid for PIA’s privatisation is set to take place on October 1, 2024.

SBP's forex reserves witness rise for 9th straight month

20 Sep 2024

SBP's forex reserves witness rise for 9th straight month

The SBP reserves rise to $9.51 billion week-on-week.

Power suppliers seek negative FCA in upcoming months

19 Sep 2024

Power suppliers seek negative FCA in upcoming months

The public hearing of Nepra will be held on September 26.

Current account posts $75m surplus in August

19 Sep 2024

Current account posts $75m surplus in August

Inflows from foreign remittances and a rise in IT exports boost the account.

Pakistan's rice exports reach $3.9 billion in FY23-24

17 Sep 2024

Pakistan's rice exports reach $3.9 billion in FY23-24

At least 580,000 tonnes of Basmati and no Basmati rice were exported.

Nepra issues show-cause notices to three IPPs

17 Sep 2024

Nepra issues show-cause notices to three IPPs

Nepra allowed them to file an explanation with all documentation and evidence.

ADB assures Pakistan of $2 billion in financial assistance annually

17 Sep 2024

ADB assures Pakistan of $2 billion in financial assistance annually

Out of every $2 billion ADB will take $1 billion at a 2 percent fixed rate.

Sindh govt scraps pension, gratuity for new employees

15 Sep 2024

Sindh govt scraps pension, gratuity for new employees

As per the scheme approved by the Sindh Cabinet, newly hired provincial employees will now be part of the Defined Pension Scheme.

Short-term inflation reaches over 14% in Pakistan

14 Sep 2024

Short-term inflation reaches over 14% in Pakistan

A slight decline in fuel prices cut transportation rates.

Business community demands policy rate cut to single digit

14 Sep 2024

Business community demands policy rate cut to single digit

200 bps cut is insufficient to boost the growth.

Pakistan loses $5 billion due to smuggling of precious gemstones

13 Sep 2024

Pakistan loses $5 billion due to smuggling of precious gemstones

The committee also learned that rubies from Swat, Gilgit, and Kashmir regions are considered more precious than Western diamonds.

SBP's foreign exchange reserves rise to over $9 billion

13 Sep 2024

SBP's foreign exchange reserves rise to over $9 billion

The statistics showed an increase of $30 million in reserves.

Govt mulls hiking GST to collect Rs650 billion for mini-budget

13 Sep 2024

Govt mulls hiking GST to collect Rs650 billion for mini-budget

GST would be increased on properties, tractors and other items.

IMF to review Pakistan’s $7b loan request on Sept 25

12 Sep 2024

IMF to review Pakistan’s $7b loan request on Sept 25

IMF spokesperson Julie Kozack confirmed the board’s meeting date and praised Pakistan’s progress.

SBP cuts policy rate by 200bps to 17.5%

12 Sep 2024

SBP cuts policy rate by 200bps to 17.5%

New policy rate will be effective from today.

FBR decides to cut electricity and gas connections of non-filers

12 Sep 2024

FBR decides to cut electricity and gas connections of non-filers

Rs1 million fine will also be imposed.

Petrol price likely to be slashed by Rs12 from Sep 16

12 Sep 2024

Petrol price likely to be slashed by Rs12 from Sep 16

The new rates will be effective from September 16 to 30.

Gold reaches historic high of Rs264,000 per tola in Pakistan

11 Sep 2024

Gold reaches historic high of Rs264,000 per tola in Pakistan

Gold price registered an increase of $23 per ounce in international market.

Govt withdraws power subsidy for $7 billion bailout programme

11 Sep 2024

Govt withdraws power subsidy for $7 billion bailout programme

Punjab’s information minister Azma Bukhari confirmed the development.

Auto sales rise 36% in 2MFY25 despite plant shutdowns

11 Sep 2024

Auto sales rise 36% in 2MFY25 despite plant shutdowns

Sales of LCVs, pickups, and jeeps have surged by 1 percent.

Finance Czar hints at bringing reforms in pension laws

11 Sep 2024

Finance Czar hints at bringing reforms in pension laws

FinMin shared his views in the Senate Committee meeting.

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