KARACHI (Channel News) – For the first time, Pakistan’s heavy vehicle imports have hit a historic high, with buses and trucks seeing a significant increase this fiscal year. According to figures issued by the State Bank of Pakistan (SBP), bus and truck imports totaled $262.4 million in the first 11Continue Reading
Following a weekly assessment on Friday, the federal government decided to keep petrol and diesel prices unchanged. According to a Petroleum Division statement, the price of petrol was maintained at Rs299.50 per litre, while diesel stayed at Rs311.47 per litre. Last week, the government announced a significant fall in gasolineContinue Reading
Pakistan boosts fuel to Rs458.40 and diesel to Rs520.35 in a record increase, offering targeted subsidies and energy-saving initiatives amid the global oil crisis. ISLAMABAD (Channel News Pakistan) – Pakistan has announced an extraordinary hike in petroleum product prices, raising petrol to Rs458.40 per litre and high-speed diesel to Rs520.35Continue Reading
Pakistan’s constitutional court maintains the Khyber Pakhtunkhwa construction services tax, pronouncing it legitimate and eliminating double taxation. PESHAWAR (Channel News Pakistan) – The Federal Constitutional Court has dismissed challenges against the Khyber Pakhtunkhwa Sales Tax on Services Act, 2022, declaring the building services tax valid. Justice Aamir Farooq gave aContinue Reading
ISLAMABAD (Web Desk) Islamabad International Airport has been included in the government’s privatization programme under a long-term concession mode, and the government is looking into potential mechanisms for outsourcing airport operations in Islamabad, Karachi, and Lahore, such as management contracts and long-term commercial concessions. According to the Privatization Commission, IslamabadContinue Reading
ISLAMABAD ( Channel News Pakistan) Pakistan has signed a memorandum of understanding with cryptocurrency exchange Binance to investigate the “tokenisation” of up to $2 billion in sovereign bonds, T-bills, and commodities reserves in order to increase liquidity and attract investors, the finance ministry announced on Friday. Tokenization is the processContinue Reading
ISLAMABAD (Reuters) — As the government cranks up efforts to upgrade the country’s financial system, State Bank of Pakistan (SBP) Governor Jameel Ahmad announced on Wednesday that the institution intends to start a pilot for a digital currency and is completing legislation to regulate virtual assets. Central banks across theContinue Reading
ISLAMABAD – The federal cabinet has given the final approval for the import of 500,000 tons of sugar in an effort to stabilize the market and keep prices under control. According to the Ministry of National Food Security, all required procedures have been completed, and the process of importing sugarContinue Reading
HONG KONG (Reuters) — China’s finance ministry announced on Sunday that it will limit government purchases of medical gadgets from the European Union that surpass 45 million yuan ($6.3 million) in value, in response to Brussels’ own restrictions last month. Tensions between Beijing and Brussels have risen, with the EuropeanContinue Reading
WASHINGTON (AP) — Rick Woldenberg anticipation he had appear up with a cinch plan to assure his Chicago-area educational toy aggregation from Admiral Donald Trump’s massive new taxes on Chinese imports. “When he appear a 20% tariff, I fabricated a plan to survive 40%, and I anticipation I was actualityContinue Reading
