The Nikkei newspaper said that Japan’s Mitsubishi Motors is set to join an alliance between Honda Motor and Nissan Motor, creating a tie-up between automakers with combined sales of more than 8 million vehicles. Mitsubishi Motors, which is 34% owned by Nissan, will work with Honda and Nissan to finalize the details of their strategic […]
Talking to the media, SBP Governor Jameel Ahmeed said the central bank’s Monetary Policy Committee (MPC) met earlier today and decided to reduce interest rates owing to the decline in inflation in the past months. “We have noted that the inflation is on a declining trend,” SBP Governor Jameel Ahmad said as he addressed a […]
“The upgrade reflects greater certainty over the continued availability of external funding, in the context of Pakistan’s staff-level agreement (SLA) with the IMF on a new 37-month USD7 billion Extended Fund Facility (EFF),” Fitch company said in a statement on Monday. “Nevertheless, Pakistan’s large funding needs leave it vulnerable if it fails to implement challenging […]
The Tajir Dost app was launched to tax retailers in Pakistan. Through the app, the government is hoping to bring 3.5 million retailers into the tax net. FBR spokesperson, Bakhtiar Muhammad in his exclusive talk said 53,426 traders have themselves registered in the Tajir Dost tax scheme so far. According to the breakup, 7,312 traders […]
Governor SBP Jameel Ahmad is set to announce monetary policy, with the market anticipating a second straight interest rate cut. Currently, the interest rate is 20.5 percent, while the market experts are hopeful that the rate will be slashed 100 to 150 basis points. The inflation rate in June 2024 was recorded at 12.6 percent, […]
According to Sui Southern Gas Company (SSGC) spokesperson, gas supply to all sectors has commenced from 5 AM. Connecting the 31-kilometer, 24-inch diameter pipeline was completed earlier than expected. The SSGC team successfully integrated the pipeline into the system before the scheduled time. The Managing Director of Sui Southern praised the technical team for their […]
During a visit to FBR headquarters, Governor Kundi met with Chairman Malik Amjad Zubair Tiwana and discussed various tax-related matters and issues faced by the people of the province. The Chairman assured the Governor that all possible measures would be taken to resolve the issues faced by taxpayers in KP. He also apprised about the […]
The newspaper said that the world’s top-selling automaker would seek to make the island of Kyushu, where Fukuoka is located, a central part of its supply chain for battery-powered vehicles and an export base for Asia. A Toyota spokesperson said the company was aware of the report, but that it was not something it had […]
According to a press release issued by the finance ministry here, the finance minister and Minister for Power, Sardar Awais Ahmad Khan Leghari held meetings with the Governor of the People’s Bank of China (PBoC), Pan Gongsheng, and the Vice Administrator of National Energy Administration (NEA), Ren Jingong. Ambassador Khalil Hashmi and officials of the […]
Today, the gold Rate in Pakistan on 27 July 2024 is sold for Rs. 213300 per 10 grams, and the price of Gold is RS 248700 per tola in Pakistan today. Gold Rate In Pakistan Today Karachi is the central hub of the gold market, in Pakistan, Karachi is leading for the gold price; every city follows […]
