Islamabad May Tax These Items to Fund New Medical Complex
The federal government is weighing new local taxes in Islamabad to fund the upcoming Jinnah Medical Complex and Research Centre, a Rs212 billion project planned in the H-16 sector. According to media reports, items such as junk food and cigarettes may be…
Pakistan stocks hit fresh record as rally gathers pace
The Pakistan Stock Exchange (PSX) opened the week on a historic note as the benchmark KSE-100 Index crossed 155,000 points for the first time on Monday. At 10am, the index was trading at 155,551.95, up 1,274.76 points or 0.83%. Buying momentum was strong…
Global rally pushes gold to new peak, silver steady in Pakistan
Gold prices reached another record high in Pakistan and abroad on Friday, extending a rally that has unsettled consumers and investors alike. According to the All Pakistan Sarafa Gems and Jewellers Association, the price of 24-karat gold per tola surged…
Islamabad, Tokyo Hold Talks to Boost Bilateral Cooperation
Pakistan and Japan have reaffirmed their commitment to strengthening bilateral cooperation in trade, investment, education, and people-to-people exchanges during the 14th Round of Bilateral Political Consultations (BPC) held in Islamabad on Thursday. The…
Wheat Hoarding, Punjab Ban Blamed for Flour Hike in KP
The price of flour in Peshawar has shot up to Rs120 per kilogram, following a Rs20 increase driven by inter-provincial supply restrictions and alleged wheat hoarding. Flour dealers in the city report that the Punjab government has curtailed the movement…
NA approves Finance Bill 2024-25
Islamabad, Pakistan – Pakistan’s National Assembly approved a controversial tax increase bill on Friday. This move aims to meet ambitious revenue targets set for the upcoming fiscal year and secure a crucial loan from the International…
PIA bidding to be telecasted live: PM
Prime Minister Shahbaz Sharif was apprised on Tuesday that the pre-qualification process for the privatization of Pakistan International Airlines (PIA) would be completed by May. An important review meeting regarding the affairs of the Ministry of…
SECP’s meeting-cum-webinar on Risk Based Capital Regime for Insurance Sector
ISLAMABAD, March 21: The Securities and Exchange Commission of Pakistan (SECP) held a session for the insurance industry participants to provide an overview of the Risk Based Capital (RBC) Regime and walk-through of the recently disseminated RBC…
Plan to settle PSO payables of PIA
ISLAMABAD: Privatisation Commission is said to have agreed with a plan submitted by Pakistan State Oil (PSO) on settlement of payables of Pakistan International Airlines (PIA). According to the plan, a clean asset transfer, in the form of…
SNGPL\ PSO to recover Rs 193 billion from power sector to avert international default
ISLAMABAD: Directorate General of Gas (Petroleum Division) has sought Power Division’s help for recovery of Rs 193 billion from WAPDA, IPPs and GPPs to avert international default of Pakistan State Oil (PSO) and Sui Northern Gas Pipeline Limited (SNGPL).…