In keeping with the negative trend in the global market, gold prices fell in Pakistan on Saturday. According to data issued by the All-Pakistan Sarafa Gems and Jewellers Association (APSGJA), the price of yellow metal per tola fell by Rs. 600 to Rs. 221,800 and by Rs. 514 per 10Read More →
KARACHI, – Former Air Vice Marshal Muhammad Amir Hayat has been named CEO of Pakistan International Airlines (PIA) for a one-year term. The departing administration said last week that it intended to privatize the loss-making PIA, which has accrued hundreds of billions of rupees in liabilities and arrears. The actionRead More →
According to a top WFP official, the globe is entering a “humanitarian doom loop” because Russia has not provided the Rome-based UN agency’s globe Food Programme (WFP) with free grain. WFP Deputy Executive Director Carl Skau described the Black Sea Grain Initiative’s demise when Russia stopped its participation as “regrettable,Read More →
There are proposals to increase the cost of power by an additional Rs 3 per unit in response to the recent International Monetary Fund (IMF) agreement with Pakistan. The average cost of power will rise from Rs 29 to Rs 33 due to this hike. In peak hours, the priceRead More →
According to Pakistan’s Prime Minister Shehbaz Sharif, the country needs to increase its IT exports to $25 billion and IT investments to $20 billion over the next two to three years. This is because the government has already put in place a system to provide one-window operations to help investors.Read More →
Despite strengthening foreign reserves after Pakistan signed the agreement with the International Monetary Fund (IMF), the rupee continued to lose value against the US dollar and gained Rs1.20 in early Thursday am interbank trading due to increased demand. In contrast to the previous day’s closing price of Rs283.80, the dollarRead More →
Elon Musk stated on Saturday that Twitter’s cash flow is still negative due to a nearly 50% decline in advertising revenue and a high debt load, falling short of his prediction from March that Twitter might become cash flow positive by June. Musk responded to demands for recapitalization in aRead More →
Prime Minister Shehbaz Sharif said on Tuesday that the government hoped to attract billions of dollars in investment from Gulf Cooperation Council (GCC) countries in the country’s food and agriculture sectors. In a tweet, he stated that the GCC countries import $40 billion in food and agricultural products each year.Read More →
On an inspection tour of a major industrial region, China’s President Xi Jinping reaffirmed his push for increased creativity and technical self-reliance, as the United States tightens restrictions on Chinese access to breakthrough technologies. China should speed up the improvement of essential technologies and core products, according to Xinhua, quotingRead More →
After the new Finance Act 2023 went into effect, the government began charging higher-income businesses and people a Super Tax. The super tax’s income threshold has gone from 300 million to 500 million. On annual income surpassing 500 million rupees, a 10% super tax has been applied. 10% super taxRead More →
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