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Business

Rs 750 prize bond schedule, draw update in Pakistan for October 2024

11 Oct 2024

Rs 750 prize bond schedule, draw update in Pakistan for October 2024

Investors can win exciting cash prizes in Prize bond draws, which are held regularly.

FBR set to increase property rates by 75pc across Pakistan: reports

11 Oct 2024

FBR set to increase property rates by 75pc across Pakistan: reports

A notification regarding the new property valuations is expected to be issued in the coming days

Govt likely to cut power tariff by Rs 8-10 per unit

10 Oct 2024

Govt likely to cut power tariff by Rs 8-10 per unit

PM Shehbaz Sharif terminates five IPPs agreements.

Petrol prices set for major hike from October 16

10 Oct 2024

Petrol prices set for major hike from October 16

The final price hikes will depend on exchange rate fluctuations and existing tax rates, but the estimated increases reflect global trends.

World Bank reports shows increase in Pakistan's poverty rate

10 Oct 2024

World Bank reports shows increase in Pakistan's poverty rate

The steady rise signals growing hardships for the country’s most vulnerable populations, especially as economic conditions continue to deteriorate.

FBR chief warns of large-scale action against non-filers after November 1

9 Oct 2024

FBR chief warns of large-scale action against non-filers after November 1

He emphasized that there will be no extension in the deadline for submitting income tax returns.

New airline to launch flights to Pakistan smaller cities

9 Oct 2024

New airline to launch flights to Pakistan smaller cities

The initiative aims to provide better options for travelers who currently depend on buses, trains, and cars for long journeys across the country, from the north to the south.

Remittances surge by 29% in September

9 Oct 2024

Remittances surge by 29% in September

The country received $8.79 billion in the first three months of the ongoing fiscal year.

SBP increases incentives for exchange companies to boost remittances

9 Oct 2024

SBP increases incentives for exchange companies to boost remittances

The companies were receiving only Re1 per dollar

In line with global trend, gold prices dip in Pakistan

8 Oct 2024

In line with global trend, gold prices dip in Pakistan

silver prices in the domestic market remained stable

Pakistan secures $3.2 billion pledges

8 Oct 2024

Pakistan secures $3.2 billion pledges

The country is estimated to receive $9.4 billion from bilateral partners.

Petroleum consumption falls by 3% YoY in Pakistan

7 Oct 2024

Petroleum consumption falls by 3% YoY in Pakistan

The country consumed 1.85 million tonnes of petrol.

PIA privatisation: 'Bidders demand dismissal of workforce'

4 Oct 2024

PIA privatisation: 'Bidders demand dismissal of workforce'

The financial bidding, initially scheduled for October 1, has been postponed to October 31 to address these concerns.

Gold rises Rs1800 per tola in Pakistan

4 Oct 2024

Gold rises Rs1800 per tola in Pakistan

Silver prices, however, remained stable at Rs3,050 per tola.

PSX warns public against online trading fraud

2 Oct 2024

PSX warns public against online trading fraud

These scams often appear credible, as fraudsters use official logos, images, and names, impersonating top-level management to mislead the public.

K-Electric unveils discount program for customers

2 Oct 2024

K-Electric unveils discount program for customers

In a statement , KE announced that ‘star customers’—those who make full and timely payments each month—will receive a variety of discounts.

Pakistan's trade deficit surges 20% in September

2 Oct 2024

Pakistan's trade deficit surges 20% in September

The trade deficit increased by 1.9 percent to $1.78 month-on-month.

Govt initiates debt re-profiling for long-term loans on low interest rate

2 Oct 2024

Govt initiates debt re-profiling for long-term loans on low interest rate

The new debt will be returned by selling long-term investment bonds.

Inflation reaches 44-month low in Pakistan

1 Oct 2024

Inflation reaches 44-month low in Pakistan

SBP achieved its target of bringing inflation to 7 percent.

FBR fails to meet IMF's target despite additional tax collection

1 Oct 2024

FBR fails to meet IMF's target despite additional tax collection

The FBR collected Rs2.56 trillion in July-September of the ongoing FY25.

FBR shares update for income tax filers as deadline  draws closer

30 Sep 2024

FBR shares update for income tax filers as deadline draws closer

Those with special tax years must also file by September 30

Pakistan announces reduction in fuel prices

30 Sep 2024

Pakistan announces reduction in fuel prices

Kerosene oil has also seen a decrease, with prices dropping by Rs 3.57 per liter.

Sindh slashes fees for filming, photography at tourist sites to boost tourism

30 Sep 2024

Sindh slashes fees for filming, photography at tourist sites to boost tourism

By lowering these fees, the Sindh government hopes to draw more tourists and boost the country's tourism sector, which is poised to play a vital role in Pakistan’s economy.

Pakistan reduces rice prices as India allows global supply

30 Sep 2024

Pakistan reduces rice prices as India allows global supply

The Ministry of Commerce announced the immediate removal of the MEP

Govt declares 'war on cash' against tax evaders

30 Sep 2024

Govt declares 'war on cash' against tax evaders

Number of tax filers doubled in 2024 compared to last year.

Solar panel prices dip to lowest level in Pakistan

28 Sep 2024

Solar panel prices dip to lowest level in Pakistan

This marks a decline from earlier this year when prices ranged from Rs39 to Rs40 per watt in April.

CPI expected to stay at 8-9 percent in September, October: Finance Ministry

28 Sep 2024

CPI expected to stay at 8-9 percent in September, October: Finance Ministry

The government’s policies are expected to support fiscal accounts.

IMF stresses Pakistan to mobilise

28 Sep 2024

IMF stresses Pakistan to mobilise "additional financing" by extending tax circle

The Executive Board also stressed “building climate resilience.”

Dollar outflows rise five times in 2MFY2025

27 Sep 2024

Dollar outflows rise five times in 2MFY2025

The first three months of the previous fiscal year were highly disappointing for international investors.

IMF's demands for $7billion bailout package revealed

27 Sep 2024

IMF's demands for $7billion bailout package revealed

IMF also directed the government to resize its department

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