According to sources, the FBR collected Rs 1464 billion in July-August, missing the target of Rs 90 billion. The tax collection target for September is Rs 1190 billion, and if the FBR fails to achieve it, the IMF may demand a mini-budget, sources warned. The continuous protests and roadblocks in July-August affected economic activities and […]
Brent crude futures for October delivery, which expire on Friday, settled $1.14 lower, or 1.43%, at $78.80 a barrel, marking a decline of 0.3% for the week and 2.4% for the month. U.S. West Texas Intermediate crude futures settled down $2.36, or 3.11%, to $73.55, a drop of 1.7% in the week and a 3.6% […]
The registration process is now available through a unified “one window” operation on the PTA and PSEB websites. This ongoing effort, coordinated by the Pakistan Telecommunication Authority (PTA), Ministry of Information Technology (MOIT), Pakistan Software Export Board (PSEB), and Pakistan Software Houses Association (P@SHA), has already seen over 20,000 IPs registered since 2020. The initiative […]
The empty containers could not withstand the force of the high winds and were overturned. However, there were no reports of any injuries or significant financial losses as a result of the incident. Port authorities confirmed that the containers, parked at the South Asia Port Terminal, were empty which likely prevented more severe consequences. Despite […]
During July, over 280 metric tons of sugar costing $0.297 million were imported as compared to the imports of 574 metric tons valued at $0.539 million in the same month of the last year, according to the data of the Pakistan Bureau of Statistics. Meanwhile, the imports of edible oil including soybean and palm into […]
Total exports to the US during July 2024 were recorded at US $476.017 million against the exports of US $443.789 million during July 2023, showing an increase of 7.26 percent, according to the State Bank of Pakistan (SBP). This was followed by the UAE, wherein Pakistan exported goods worth US $216.918 million against the exports […]
“The joint venture of Sinjhoro block comprising Oil & Gas Development Company Limited (OGDCL) as operator with 76% working interest, Orient Petroleum (19%) and Government Holdings (Private) Limited (GHPL) (5%) has made gas condensate discovery at the Baloch-2 well in the exploratory zone of Sembar Formation, in Baloch Development and Production Lease (D&PL), Sinjhoro Exploration […]
Improvements in the Belgian, Dutch, and French electric-vehicle (EV) markets failed to offset a drop of almost 37% in Germany’s battery-electric sales, the European Automobile Manufacturers Association (ACEA) said. WHY IT’S IMPORTANT Car sales have shown mixed trends across the bloc, in part due to diverging policies on green incentives, while regulators have imposed hefty […]
As per details, the report compiled by the Auditor General of Pakistan revealed that NBP failed to recover the loan amount of Rs23.35 billion in FY2023-24. The report stated the bank, lent Rs15.28 bln to the sugar mills in 2022 which was due with interest of Rs8.6bln in FY2023-24, but the bank failed to recover […]
As per details, the sources said K-Electric disconnected the electricity supply to the City Railway Station and the Railways colonies on unpaid dues of over Rs200mln. The power disconnection is affecting the railways booking office, and engine loco shed, the sources said, and added the train operation will be affected if engines are not provided […]
