According to the Forex Association of Pakistan (FAP), the buying and selling rates of the dollar in the open market stood at Rs 279.30 and Rs 280.40 respectively. The price of the Euro increased by Rs 0.44 to close at Rs 304.85 against the last day’s closing of Rs 304.41, according to the State Bank […]
According to sources, the IMF has insisted on maintaining the 10% sales tax on stationery items, leading to a significant increase in prices, despite efforts by the government. Sources said that the tax increase has resulted in a 15% rise in the prices of stationery items, affecting students, businesses, and the general public. The tax […]
The supply was halted in the wake of the newly imposed Federal Excise Duty (FED) of Rs 15 per kilogram of sugar. The sale of sugar at Utility Stores in Islamabad has resumed, the sources privy to the development said, and added, that supply will resume to USC across the country in a day or […]
According to the PIA spokesperson, the 14 percent discount will be applicable on bookings made between August 1 and August 14 this year. The PIA spokesperson confirmed that the travel period for flights from Toronto to Pakistan must be between August 15 and November 14 to avail of this discount. It is worth noting that […]
This move aims to streamline taxation and generate additional revenue from outbound labor migration. According to a notification issued by the Federal Board of Revenue (FBR), under clause (b) of serial number 3 of the first schedule of the Federal Excise Act, 2005, a fixed tax of Rs 5,000 will be levied on air tickets […]
The Ministry of Human Resources and Social Development of Saudi Arabia announced that changes involve revising 38 articles, deleting seven, and adding two new articles to the Labor Law. These amendments align with the Saudi employment market strategy and international agreements ratified by the Kingdom. The new regulations will take effect 180 days after their […]
Monal Restaurant remains one of the most popular dining spots in Islamabad, known for its stunning views and diverse menu. A recent post shared on Monal’s social site confirmed its closure next month. “It’s time to say Goodbye. As per Honorable SCP directions, we are closing on 11/09/2024,” the post said. Maybe an image of […]
According to sources, the Ministry of Planning and the Ministry of Economic Affairs have completed their work for the current financial year, and the amount will be spent on flood recovery and rehabilitation and development projects. This funding is part of the international community’s efforts to support Pakistan in the aftermath of the catastrophic floods. […]
Pakistan last month reached a staff-level agreement with the IMF for a new $7 billion loan program. However, the South Asian nation reportedly needed financing commitments from bilateral donors to get a final nod from the IMF board for a fresh bailout. “Pakistan has secured commitments from China, Saudi Arabia, and the United Arab Emirates […]
According to China’s General Administration of Customs, overseas shipments expanded by 7.0 percent in the last month. That compares with the 8.6 percent increase recorded the month before and short of the 9.5 percent forecast in a Bloomberg survey of analysts. Beijing is seeking to achieve annual national growth of around five percent this year, […]
