According to a press release issued by the Prime Minister’s Office (PMO), the task force has been formed to reduce the financial burden on the power sector being borne by the government and to enable the establishment of an efficient, liquid, and self-sustaining competitive power market The task force comprises Federal Minister for Power Sardar […]
According to the data released by the Pakistan Bureau of Statistics, Pakistan’s merchandise exports rose by 10.54 percent to 30.64 billion dollars in the financial year 2023-24. The imports fell 0.84 percent to 54.73 billion dollars in fiscal year 2023-24. With the round-the-clock efforts of the SIFC and the Ministry of Commerce, new markets of […]
Female, self-made billionaires Take a look at these incredible, self-made millionaires among women worldwide. Some of the women on this list may not be well-known to you, but that does not mean you do not recognize the companies they run. Many of them are leaders in their areas. Diane Hendricks (ABC Supply) $20.9 billion In […]
The data showed that the inflows of remittances during June were recorded at US$ 200 million as compared to US$ 224 million in May 2024. These accounts provide innovative banking solutions to millions of Non-Resident Pakistanis (NRPs), including Non-Resident Pakistan Origin Card (POC) holders, seeking to undertake banking, payment, and investment activities in Pakistan. The […]
While the specific model to be introduced remains speculative, the excitement is justified given Kia’s remarkable success worldwide. The Kia EV9, for instance, has earned the prestigious titles of ‘World Car of the Year’ and ‘World Electric Vehicle’ at the 2024 World Car Awards held in New York. Not only this, Kia EV6 has also […]
In a statement, the company announced that gas will remain suspended for 12 hours. The suspension of the gas supply is part of the utility’s efforts to improve the low pressure of gas for domestic consumers as well as industrial and commercial sectors in the port city, said SSGC’s spokesperson in a statement on Friday. […]
Brent crude futures settled down $2.71, or 3.41%, to $76.81 a barrel. U.S. West Texas Intermediate crude futures settled down $2.79, or 3.66%, at $73.52. Both benchmarks fell by more than $3 per barrel at their session lows. U.S. job growth slowed more than expected in July and unemployment increased to 4.3%, raising fears of […]
Sources close to the development revealed that Prime Minister Shehbaz Sharif has tasked the economic team to revise the current income tax rate on salaried classes earning up to Rs 100,000 per month. In the recent budget, the government had increased the income tax rate to 2.5 percent on monthly salaries up to Rs 100,000. […]
During the intraday trade, the KSE-100 index reached a high of 78,434.16 points, while the lower point was recorded at 77,926.53 points before settling at 78,225.98 points. A total of 443,483,358 shares were traded during the day as compared to 278,986,985 shares the previous day, whereas the price of shares stood at Rs 20.497 billion […]
According to the PBS data, the SPI for the week under review in the above-mentioned group was recorded at 321.56 points as compared to 321.95 points during the past week. As compared to the corresponding week of last year, the SPI for the combined consumption group in the week under review witnessed an increase of […]
