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Business

Pakistan can earn Rs100 billion through livestock export to Saudi Arabia

22 Apr 2024

Pakistan can earn Rs100 billion through livestock export to Saudi Arabia

Saudi Arabia imports about 20 to 30 million animals during Hajj season

KP govt decides to impose fixed tax on 'beauty parlours'

19 Apr 2024

KP govt decides to impose fixed tax on 'beauty parlours'

Strict legal action would be taken against tax evaders

Mari Petroleum discovers major gas reserves in Sindh

18 Apr 2024

Mari Petroleum discovers major gas reserves in Sindh

Confirming the success of their efforts, the company revealed the successful drilling of a gas well that promises an impressive output of 10.5 million standard cubic feet of gas daily.

Gold price hiked by Rs62,500 to Rs249,700 in four months of 2024

16 Apr 2024

Gold price hiked by Rs62,500 to Rs249,700 in four months of 2024

Yellow metal rate swelled by $8 to $2,371 per ounce in the world market

Pak Suzuki comes under cyber attack

15 Apr 2024

Pak Suzuki comes under cyber attack

Suzuki car maker PKMC revealed that its servers were hacked and its corporate data was leaked.

Naan, roti prices slashed in Islamabad

15 Apr 2024

Naan, roti prices slashed in Islamabad

The Islamabad deputy commissioner has directed price control magistrates and assistant commissioners to enforce the newly established prices for roti and naan.

Fuel prices likely to go up by Rs8.50 per litre

15 Apr 2024

Fuel prices likely to go up by Rs8.50 per litre

The government has been collecting Rs60 per litre as the petroleum levy

Iran closes airspace, most int'l airlines delay flights

14 Apr 2024

Iran closes airspace, most int'l airlines delay flights

The closure affects not only domestic travel but also international flights, with airlines like Etihad Airways cancelling flights to Israel, Oman, and Jordan.

Petrol price likely to rise by another Rs9 per litre from April 16

13 Apr 2024

Petrol price likely to rise by another Rs9 per litre from April 16

The government is charging Rs60 per litre PDL on both petrol and diesel

Mobile phones worth $1.148 billion imported in cash-strapped Pakistan

13 Apr 2024

Mobile phones worth $1.148 billion imported in cash-strapped Pakistan

Pakis­tan plans to seek a new loan of at least $6 billion from IMF

Eidul Fitr shopping sees sharp drop of 70% this year

13 Apr 2024

Eidul Fitr shopping sees sharp drop of 70% this year

The traders have managed to earn only Rs18 billion during Ramadan in 2024

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

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