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Business

Multinational companies plan to move to Dubai due to 'internet disruptions' in Pakistan

17 Aug 2024

Multinational companies plan to move to Dubai due to 'internet disruptions' in Pakistan

The figures represent a 17% increase compared to the same period in 2023.

Nawaz Sharif announces Rs14/unit relief for power consumers in Punjab

16 Aug 2024

Nawaz Sharif announces Rs14/unit relief for power consumers in Punjab

This initiative is part of the party’s ongoing efforts to address the economic challenges faced by the public, especially in light of rising energy prices.

Pakistan slashes, petrol, diesel prices

13 Aug 2024

Pakistan slashes, petrol, diesel prices

According to details, petrol price has been slashed by Rs8.47 per litre. The new price of petrol is Rs260.96 per litre.

Good news for inflation-hit masses as petrol price likely to drop by Rs9

12 Aug 2024

Good news for inflation-hit masses as petrol price likely to drop by Rs9

The new rates will be effective from August 16 to 31.

FBR dismisses claims of taxing Arshad Nadeem’s prize money

11 Aug 2024

FBR dismisses claims of taxing Arshad Nadeem’s prize money

Rumours were on that Arshad Nadeem's prize money will be taxed.

Pakistan secures one-year loan rollover commitments

7 Aug 2024

Pakistan secures one-year loan rollover commitments

The country has been rolling over $12 billion in bilateral loans for the past few years.

Khyber Pakhtunkhwa welcomed 9.3mln tourists from May 1 to July 31

6 Aug 2024

Khyber Pakhtunkhwa welcomed 9.3mln tourists from May 1 to July 31

This information was shared during a tourism meeting chaired by Zahid Chan Zeb, the adviser to the chief minister on Tourism and Culture, as per a statement released on Tuesday.

World Bank to provide $8.70 billion financial assistance to Pakistan

5 Aug 2024

World Bank to provide $8.70 billion financial assistance to Pakistan

WB made additional financing of $1 billion for the Dasu hydro project phase-I.

Govt mulls providing tax relief to salaried class

3 Aug 2024

Govt mulls providing tax relief to salaried class

The premier assigned the task to the economic team.

Karachi traders decide against paying electricity bills

2 Aug 2024

Karachi traders decide against paying electricity bills

Trader organizations protested at Bolton Market, with protesters chanting slogans to stop the economic killing of traders.

Every Pakistani family needs Rs53,000 monthly for food: survey

1 Aug 2024

Every Pakistani family needs Rs53,000 monthly for food: survey

The survey also reveals a decline in investment in Pakistan.

Fuel prices slashed in Pakistan

31 Jul 2024

Fuel prices slashed in Pakistan

The new prices will take effect on August 1.

Petroleum product prices likely to decline from August 1

31 Jul 2024

Petroleum product prices likely to decline from August 1

The new rates will be effective from August 1 to 15.

Fitch upgrades Pakistan rating to 'CCC+' after 7 months

29 Jul 2024

Fitch upgrades Pakistan rating to 'CCC+' after 7 months

Finance Czar Muhammad Aurangzeb lauded the rating upgrade for Pakistan.

Oil, gas reserves discovered in Khyber Pakhtunkhwa

29 Jul 2024

Oil, gas reserves discovered in Khyber Pakhtunkhwa

The discovery was made at the Razgir 1 exploratory well.

Board allows privatisation of Discos over their 'unsatisfactory performance'

27 Jul 2024

Board allows privatisation of Discos over their 'unsatisfactory performance'

The summary approved by the board would be presented to the cabinet committee.

Petrol price likely to be slashed by Rs3 from Aug 1

27 Jul 2024

Petrol price likely to be slashed by Rs3 from Aug 1

The government had increased the PoL prices by almost Rs17 per litre.

Short-term inflation rate in Pakistan hiked for 4th week

26 Jul 2024

Short-term inflation rate in Pakistan hiked for 4th week

The SPI rose to 20.09 percent on year-on-basis.

World's richest 1% increased fortunes by $40 trillion in a decade: report

26 Jul 2024

World's richest 1% increased fortunes by $40 trillion in a decade: report

G20 nations host at least four out of five of the world's billionaires.

Chinese companies refuse to renegotiate IPPs capacity charges: report

24 Jul 2024

Chinese companies refuse to renegotiate IPPs capacity charges: report

Pakistan had taken the debt to set up nuclear power plants, while the Chinese companies took these loans for the power plants setup under the CPEC.

PM Shehbaz sets $60 billion export target for FY2024-25

23 Jul 2024

PM Shehbaz sets $60 billion export target for FY2024-25

The meeting was briefed about the government’s efforts to boost exports

Pakistan's IT sector aims to reach $15 billion export with support of Army-backed SIFC

23 Jul 2024

Pakistan's IT sector aims to reach $15 billion export with support of Army-backed SIFC

Pakistan set up the SIFC, a hybrid civil-military forum, in June last year.

Pakistan’s fuel import bill plummets by nearly 20%

21 Jul 2024

Pakistan’s fuel import bill plummets by nearly 20%

Overall, the country’s import bill saw a modest increase of 0.9 per cent year-on-year, reaching $53.17 billion.

Pakistan's current account deficit hits 13-year low

20 Jul 2024

Pakistan's current account deficit hits 13-year low

The CAD dropped by 79 percent to $681 million.

Domestic electricity consumers to pay up to Rs48.84 per unit

15 Jul 2024

Domestic electricity consumers to pay up to Rs48.84 per unit

The increase in tariffs aims to fulfil the IMF's demand.

Govt decides to collect up to Rs10,000 monthly tax from retailers

13 Jul 2024

Govt decides to collect up to Rs10,000 monthly tax from retailers

The tax will be imposed as per the valuation rates of shops.

Petrol price expected to surge by another Rs7.60 per litre

13 Jul 2024

Petrol price expected to surge by another Rs7.60 per litre

The increase depends on the final calculation and existing tax rates.

Finance minister calls for overhaul of Pakistan military pensions

11 Jul 2024

Finance minister calls for overhaul of Pakistan military pensions

He made this statement at the National Assembly's Finance Committee meeting, chaired by Syed Naveed Qamar.

IMF proposes Pakistan to impose 45% tax on agriculture income

11 Jul 2024

IMF proposes Pakistan to impose 45% tax on agriculture income

Provinces assured the IMF of taking measures to meet its condition.

Auto sales in Pakistan surge 120pc in FY23-24

11 Jul 2024

Auto sales in Pakistan surge 120pc in FY23-24

13,285 units of different vehicles were sold during June 2024

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