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Business

FBR to block sims of 500,000 non-filers after Eidul Fitr: report

9 Apr 2024

FBR to block sims of 500,000 non-filers after Eidul Fitr: report

After consultations with the Pakistan Telecommunication Authority, the FBR has compiled a list of nearly 400,000 individuals.

Nepra hikes power tariff by Rs4.92/ unit ahead of Eidul Fitr

8 Apr 2024

Nepra hikes power tariff by Rs4.92/ unit ahead of Eidul Fitr

According to the notification, the cost of electricity has surged by a staggering Rs 4.92 per unit, effective immediately.

IMF condition: Pakistan govt seeks affidavits from distribution companies about no electricity theft

7 Apr 2024

IMF condition: Pakistan govt seeks affidavits from distribution companies about no electricity theft

The circular issued by the Power Division emphasizes the gravity of the situation, stating that Disco officials and staff members could face dismissal if instances of electricity theft are substantiated within their areas of responsibility.

KP govt extends timings for BRT to facilitate masses in Eid shopping

7 Apr 2024

KP govt extends timings for BRT to facilitate masses in Eid shopping

TransPeshawar's initiative underscores its commitment to serving the public and adapting its services to meet evolving needs, particularly during significant cultural and religious events like Ramadan.

Gold price hits all-time high of Rs245,100 per tola in Pakistan

6 Apr 2024

Gold price hits all-time high of Rs245,100 per tola in Pakistan

The surge in prices was because of an increase in pure gold in the international market

SBP announces three-day bank holidays for Eid ul Fitr

5 Apr 2024

SBP announces three-day bank holidays for Eid ul Fitr

The banks will remain closed from April 10 to 12.

10 million Pakistanis likely to fall below poverty line in 2024: WB

3 Apr 2024

10 million Pakistanis likely to fall below poverty line in 2024: WB

No significant poverty reduction is expected in FY24

Customs seizes hoarded tea worth Rs1.6bln in Karachi warehouse

3 Apr 2024

Customs seizes hoarded tea worth Rs1.6bln in Karachi warehouse

Sources revealed that Customs officials conducted a raid at a warehouse in Hawkes Bay, where they discovered 530 tons of black tea stored without proper authorization.

PM Shehbaz unlikely to complete five-year term: IIF report

1 Apr 2024

PM Shehbaz unlikely to complete five-year term: IIF report

A heightened risk of political instability looms over Pakistan

Grocery, meat and vegetable vendors to pay tax under govt's 'Tajir Dost Scheme'

30 Mar 2024

Grocery, meat and vegetable vendors to pay tax under govt's 'Tajir Dost Scheme'

Shopkeepers who fail to register by the deadline of April 30 will face penalties

Petrol price likely to hit Rs290 per litre ahead of Eid-ul-Fitr

30 Mar 2024

Petrol price likely to hit Rs290 per litre ahead of Eid-ul-Fitr

The global market has seen an increase of $4 per barrel in oil prices

Govt allows import of used cars with up to 2,000 km mileage

28 Mar 2024

Govt allows import of used cars with up to 2,000 km mileage

Ban on the import of used and unregistered cars has been lifted

Petrol, diesel prices likely to rise by up to Rs10 from April 1

28 Mar 2024

Petrol, diesel prices likely to rise by up to Rs10 from April 1

The expected hike is a result of an increase in the commodity in the global market

PM Shehbaz announces issuing blue passports, other incentives for top taxpayers

27 Mar 2024

PM Shehbaz announces issuing blue passports, other incentives for top taxpayers

Increasing taxes is not the most effective solution, he said

Pakistani chai lovers consume over $436 million worth of tea in 8 months

27 Mar 2024

Pakistani chai lovers consume over $436 million worth of tea in 8 months

Tea imports into the country increased by 10.13pc

Karachi shopkeeper fined for selling flour below official rate

25 Mar 2024

Karachi shopkeeper fined for selling flour below official rate

The association has expressed dissatisfaction over the act.

World Bank approves $149.7mln loan for Pakistan

24 Mar 2024

World Bank approves $149.7mln loan for Pakistan

This funding is designated for two significant endeavors: the Digital Economy Enhancement Project (DEEP) and the Sindh Barrages Improvement Project (SBIP).

Pakistan likely to increase GST on petroleum on IMF demand

22 Mar 2024

Pakistan likely to increase GST on petroleum on IMF demand

The levy has to be jacked up from Ra60 to Rs100 per litre, the sources said.

IMF suggests imposing tax on e-commerce platforms to boost revenue

21 Mar 2024

IMF suggests imposing tax on e-commerce platforms to boost revenue

Businesses are not required to pay VAT on purchases used solely for their commercial activities

IMF says staff-level agreement reached with Pakistan for release of $1.1bn loan tranche

20 Mar 2024

IMF says staff-level agreement reached with Pakistan for release of $1.1bn loan tranche

The review is expected to be considered by the IMF's board in late April

Army-backed SIFC signs agreement with Saudi Arabia to cultivate 5,000 acres of cattle fodder

19 Mar 2024

Army-backed SIFC signs agreement with Saudi Arabia to cultivate 5,000 acres of cattle fodder

Fodder is a major source of protein for livestock

SBP keeps policy rate unchanged at 22pc

18 Mar 2024

SBP keeps policy rate unchanged at 22pc

This is the central bank's sixth successive decision to keep the policy rate unchanged.

Pakistan’s inflation surges to 32.89% in first week of Ramadan

16 Mar 2024

Pakistan’s inflation surges to 32.89% in first week of Ramadan

The prices of 18 items increased during the fasting month

Govt maintains petrol price for next 15 days in Pakistan

16 Mar 2024

Govt maintains petrol price for next 15 days in Pakistan

The price of petrol will remain unchanged, i.e., Rs 279.75 per litre.

Onion prices shoot to Rs340/kg in Islamabad, Pindi

15 Mar 2024

Onion prices shoot to Rs340/kg in Islamabad, Pindi

The escalating prices raise concerns about the affordability and accessibility of onions, a staple in many households.

Fitra fixed at Rs300 per head for Ramadan 2024

15 Mar 2024

Fitra fixed at Rs300 per head for Ramadan 2024

The rate is based on the prices of staple foods such as flour, oats, dates, or raisins

Only 35% Pakistanis expect better financial conditions in future: survey

14 Mar 2024

Only 35% Pakistanis expect better financial conditions in future: survey

Last year, a substantial 60% of respondents believed that Pakistan’s economy is fragile.

PM Shehbaz decides not to increase petrol prices in Ramadan

14 Mar 2024

PM Shehbaz decides not to increase petrol prices in Ramadan

The current price of petrol is Rs279.75 per litre

Video showing misprinted Rs1000 currency notes in Karachi goes viral

12 Mar 2024

Video showing misprinted Rs1000 currency notes in Karachi goes viral

The clip cited a National Bank of Pakistan (NBP) branch manager saying: “The cash that arrived this morning have bundles of misprinted Rs1000 notes.

Suzuki Swift GLX CVT price raised by Rs304,000 to Rs5.4 million

12 Mar 2024

Suzuki Swift GLX CVT price raised by Rs304,000 to Rs5.4 million

Suzuki Swift was priced at Rs5.125 million

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